Market-mediated exchange is only one particular case of economy

Evidence

Here, Adorno takes up an insight from ‘Reflections on Class Theory’: economy as market-mediated exchange is a particular case of economy more generally, one which became totalising in late capitalism and encroached upon realms which had previously existed outside of the formerly limited sphere of economy. — Dirk Braunstein, Adorno’s Critique of Political Economy, 893

Categorization

• XREF: Grounds Adorno’s concept of economy in ‘Reflections on Class Theory’, tying the late work back to his earlier Marxian texts. — connects to: Monetary and financial markets remain inseparable from the economy of regard — Donald MacKenzie & Yuval Millo, Constructing a Market, Performing Theory, 201
• DEFINE: Defines economy broadly, with market exchange as one special totalizing case in late capitalism