Market rationality: Decision-making principles based exclusively on the search for personal or corporate gain. See Social rationality. Source: ‘What is Good? What is Bad? The Value of All Values across Time, Place and Theories’ by John McMurtry, Philosophy and World Problems, Volume I-III, UNESCO in partnership with Encyclopedia of Life Support Systems: Oxford, 2004-11. 

Market reciprocity: the anti-communal principle according to which I serve others so that I may be served by them in turn; the less I serve and the more I am served the better. See Communal reciprocity. Source: ‘What is Good? What is Bad? The Value of All Values across Time, Place and Theories’ by John McMurtry, Philosophy… Read More

Market socialism: a political economic theory designed to replace capitalism in which worker-owned firms confront one another, and consumers, in market-competitive fashion. Source: ‘What is Good? What is Bad? The Value of All Values across Time, Place and Theories’ by John McMurtry, Philosophy and World Problems, Volume I-III, UNESCO in partnership with Encyclopedia of Life Support Systems: Oxford,… Read More

Marxism / Marxian: The theory of historical materialism which argues that the material mode of production of any society determines its legal, political and ideological forms (including morality), and that all significant change (including values) is by laws of development of productive forces outgrowing their ownership integument. Source: ‘What is Good? What is Bad? The Value of All… Read More