If you don't understand the Market—how can you understand modern life?

 
IDEAS

Market Lexicon

 
A Philosophy of Modern Life
What is the Material World?
What is 'the Market'?

One way to chart the nature of the Market is simply by defining all the terms that pertain to it. I have begun this process below. All of these terms are used in Is the American Dream Killing You? and further developed there. But even if you have not read the book, this list is a very quick way to grasp the full scope of market philosophy, and the magnitude of the Market itself. If you have a term to add, please send me an email.

The Market: 1) the active economic principle 2) the governing power arising naturally from free trade 3) the economic system as an independent whole
market(place): a virtual or physical location in which traders exchange goods
free market: a market in which all individuals are free to participate, and the Market is free to govern. Also called the unbridled, untrammeled, or unfettered market.
market economy: an economy managed by the Market. Also called a market system.
capitalism: 1) the economic philosophy arising from the principle of me vs. you; 2) the natural philosophy of the material world.
market mechanism: the feedback loop between traders and the Market
market paradigm: the summation of all the ways in which the Market manifests itself in society (market principles, market values, market forces, etc.)
market principles: the principles upon which the market economy operates, e.g. competition
market forces: forces created by the Market within the economic system, e.g. supply and demand
market value: economic value assessed by the Market
market price: the price of a commodity
material assembly line: the stages involved in the production of market value: scientific research, technology development, manufacturing, distribution.
the Bubble: the alternate reality created by commercial media.
market pressures: the psychological pressures created by the Market, including:
social pressure: pressure to move up in the market hierarchy
survival pressure: pressure that arises from running out of money
time pressure: pressure to do more in the same amount of time or less
competitive pressure: pressure from others seeking to win at your expense
economic pressure: direct financial pressure, e.g. a mortgage
environmental pressure: pressure generated by the speed, complexity, and congestion of the market environment
market stress: the human response to market pressures
marketism: bias toward the Market
the Market Code: the antithesis of morality, in which
        Good is Profit
        Truth is Effectiveness
        Beauty is Efficiency
        Love is Performance (e.g. performing on a contract)
        Courage is Selfishness
        Justice is Power
        Meaning is Money

market people: people who live by the Market Code
market hierarchy: a social hierarchy based primarily on net worth
market values: individual values that serve productive ends (not to be confused with market value)
        market status: one’s place in the market hierarchy
        money: as the means of increasing one’s status
        material possessions: as the means of demonstrating one’s status
        power: in order to command the means of production
market character: the antithetical nature of market people—amoral, aspiritual, acultural—that serves their market values
        vanity: inflated sense of self; reinforces market hierarchy
        greed: unlimited desire for money; provides motivation
        aggressiveness: pushing to make things happen; drives productivity
        selfishness: self-interest at the expense of moral principle; flattens the person into a trader
        disloyalty: breaking of human bonds; furthers atomization for efficiency
market feminism: feminism that primarily serves a productive end
marketsexual: an individual whose gender identification has been confused by the Bubble
market culture: a culture whose content is defined by whatever sells (i.e. it is acultural)
market conservative: a political conservative who prioritizes the productive over the good
market liberal: a political liberal who prioritizes the productive over the good
market correctness: social pressure not to make a moral judgment
marketocracy: a political democracy controlled by the Market
pro-con: the Market’s one-sided view of a human being: a producer and consumer in one
market vortex: an upward spiral of social pressure to produce and consume
market society: a society in the service of the Market
market environment: the entire external environment created by the Market
market temperature: the perceived intensity of the market environment
marketecture: architecture built exclusively to maximize profit
marketscape: a landscape shaped by the Market
the Market’s veil: the Market’s ability to blind people to any reality beyond the economy
market fundamentalism: the idea that free market theory is scripture
market idolatry: the idea that the Market is God
Market America: the element of American society in the service of the Market
market dynamics: the action of the Market on society, including:
inversion: a change in the orientation of society from interior to exterior, or vice versa.
externalization: a negative inversion: the collapse of the interior, moral side of society, or one of its elements, and the simultaneous inflation of the productive, economic side.
market selection: the Market’s ability to promote or demote, to the point of eradication, all aspects of society, primarily via the market price. The economic version of natural selection.
atomization: the breakdown of society into its smallest constituent parts in order to make it mor efficient
marketization: the conversion of society, or any of its elements, to the market paradigm
commodification: the transformation of the natural world into commodities
quantification: a by-product of commodification, whereby the market price quantifies reality
the Market Curve: the relationship between the power of the Market and its benefit to society
undermarket: the spectrum of the Market Curve where the Market is too weak to maximize its benefit to society
hypermarket: the spectrum of the Market Curve where the Market is too strong to maximize its benefit to society
the anti-Market: the power that moderates the Market
market philosophy: the complete description of the external side of society, including all of the above definitions.

Inversion
Everyday Reality
BOOKS
Riding the Bull
American Dream
Work In Progress
VOCATION
Follow Your Bliss
REFERENCE
"The Economic Beast"
A Market Lexicon
The Art of Literature
"Self-Reliance"
The Perennial Philosophy
ABOUT PAUL
My Path
Speaking Engagements
Contact
 
© 2005 Paul W. Stiles. All Rights Reserved.