Critical economic theory and Maria Márkus’s politicisation of needs

Abstract

Like a message in a bottle, How Is Critical Economic Theory Possible? originally written in the late 1960s in Hungarian, has recently arrived on the shores of critical theory in the form of an English translation. As a critique of Marx’s economic determinism, the authors aim to set Marxist thinking on a more realistic path. This article looks first, at what the authors think are flawed premises in Marx’s work. Second, I sketch the contemporary economic context of a global digital economy to point at issues a critical economic theory inevitably has to contend with today to prove its relevance. Finally, I argue that Maria Márkus’s ideas of a politicisation of needs and civil/decent society make a significant contribution to a potential answer to How Is Critical Economic Theory Possible? and also advance the idea of a mixed economy with the goal to sustain an economic order that allows a maximum of economic and political freedom while simultaneously reducing economic and political inequalities to a minimum.