Suffering Free Markets: A "Classical" Buddhist Critique of Capitalist Conceptions of "Value"

Philosophy East and West 64 (4):866-886 (2014)
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Abstract

Given the public’s affective responses to volatile global financial markets in recent years, one might expect that “we” as a society would interrogate capitalist conceptions of “value.” After all, if flows of abstract capital are untethered from tangible realities, as the 2008 collapse of global financial markets showed they can be, and if the supposedly concrete gains that people earn from their labors, such as pensions and salaries, remain vulnerable to the vicissitudes of this abstraction, then capitalism’s promises might be thought to lose their appeal. Capitalist practices of value production work through anticipation, and the future of capitalism now appears to be bad for most people. Surely, one might ..

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