Evaluating how a free market economy views human agency and free will, it is then seen that human beings in this kind of set-up are interpreted as rational human beings with the same capacities, abilities, and resources for competition in an invisible hand economy. Rather than the government, the majority of decisions on economic activities and transactions are then assumed by individual key players in the market (http://en.wikipedia.org/wiki/Free_market).
Comparison of Marxism and Free Market Capitalism and their views on Free Will or Human Agency
The Marxist conception of free will and human agency initially looks at human beings as alienated people because of capitalism. Their existence, identities, and consequent opportunities are then dependent on the social classes they are in. From this point, it can be said that Marx does not ascribe too much on the role of human beings to act out of their own accord. Yet in the end, it must be remembered that in order to topple down the capitalist system, a social revolution must first take place. It is in this revolution where we can how Marx gave importance to human agency- human agency that lies on the unity of a group, the proletariat class.
On the other hand, free market capitalism begins with the assumption that human beings are all given the capacity to be rational. With the ability to assess costs and benefits, human beings are then apt to compete in a free market set-up where the government is left at the sidelines. This can be very tempting to believe at first. Yet in application, the free market capitalism fails to look the fact that their players are not really equal, primarily because of varying economic capacities. It should be noted that the economic set-up was not created to be fair in the first place. This is the reason why small-scale businesses do not really prosper that much compared to giant businesses and monopolies. The concept of human agency in free market capitalism is very ideal yet in practice the abilities of human beings for development...
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now