Abstract

It is widely known that Hegel is a proponent and defender of the market economy. But why exactly does Hegel think that the market economy is superior to other economic systems? In this paper, I argue that Hegel's answer to this question has not been sufficiently understood. Commentators, or so I want to claim, have only identified one part of Hegel's argument—but have left out the most original and surprising dimension of his view: namely, Hegel's conviction that we should embrace the market economy for its educational impact. Indeed, Hegel thinks that the market, by creating a sphere of life apart from traditional norms and expectations, teaches us something about ourselves, about others, and about the world we inhabit together—something that we could not learn anywhere else, but that we inevitably need to live well as individuals.