Economics Dictionary of Arguments

Home Screenshot Tabelle Begriffe

Capitalism: Capitalism is an economic system where private individuals or businesses own and operate the means of production for profit. It is characterized by competition, markets, and a focus on individual wealth accumulation.
Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

Author Concept Summary/Quotes Sources

Scott Lash on Capitalism - Dictionary of Arguments

Gaus I 272
Capitalism/postmodernism/Lash/Urry/West: (...) postmodernity is characterized in terms of social and economic developments that are already familiar from theorists of modernity. Characteristic in this respect is Lash and Urry's (1987)(1) theory of 'disorganized capitalism'. Their notion of disorganized capitalism refers to a series of social and - the replacement of economic developments 'Fordism' by 'post-Fordism', the internationalization of production and finance, the relative decline of manufacturing and rise of the service sector, and the related decline of the traditional working class and the rise of 'new middle classes'. Like other theorists of NSMs [New Social Movements], Lash and Urry associate these developments with the shift from the organized class politics of industrialized societies to the new politics of NSMs (1987(1): 311).
Culture: An important further consequence of these economic, social and political developments is the increasing importance of culture as a site of domination and resistance: 'domination through cultural forms takes on significance in disorganized capitalism which is comparable in importance to domination in the sphere of production itself' (1987(1): 14).
Postmodernism: What differentiates Lash and Urry most clearly as theorists of postmodernity is their distinctively postmodernist view of contemporary culture. Disorganized capitalism is associated with the 'appearance and mass distribution of a culturalideological configuration of „Postmodemism" [which] affects high culture, popular culture and the symbols and discourse of everyday life' (1987(1): 7).

1. Lash, Scott and John Urry (1987) The End of Organized Capitalism. Cambridge: Polity.

West, David 2004. „New Social Movements“. In: Gaus, Gerald F. & Kukathas, Chandran 2004. Handbook of Political Theory. SAGE Publications

Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Lash, Scott
Gaus I
Gerald F. Gaus
Chandran Kukathas
Handbook of Political Theory London 2004

Send Link
> Counter arguments against Lash
> Counter arguments in relation to Capitalism

Authors A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   Z  

Concepts A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   Z