Marx and Market Socialism

Marx and Market Socialism

Karl Marx ruled out any role for the market in a post-capitalist economy. “Within the cooperative society based on common ownership of the means of production,” he wrote in the Critique of the Gotha Program, “the producers do not exchange their products.” Marx’s collaborator, Friedrich Engels, stated their position (in Anti-Diiring) even more bluntly: “The seizure of the means of production by society puts an end to commodity
production . . . [and at that point the market is to be] replaced by

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