The philosophical test of market theory is the transition from socialism to capitalism

Evidence

This is what Barry, at the conclusion of his useful book, blurts out either in desperation or exasperation; namely, that the philosophical test of the various neoliberal theories can only be applied in a single fundamental situation, which we may call (not without irony) “the transition from socialism to capitalism.” Market theories, in other words, remain Utopian insofar as they are not applicable to this fundamental process of systemic “deregulation.” — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 609

Categorization

• XREF: Connects to the reader’s interest in testing whether postmodernism’s ‘cultural dominant’ thesis is falsifiable — the same problem of a totalizing theory that can only be validated in one privileged situation. — connects to: Mises argued socialism cannot price production goods without a market — Angus Burgin, The Great Persuasion: Reinventing Free…, 61