Market economy, structural misery and sufficiency: social justice and dignity

Authors

  • Giovanni Guillermo Verme Marrese Universidad Señor de Sipán, Escuela de Posgrado. Chiclayo, Perú image/svg+xml

DOI:

https://doi.org/10.53732/rccsociales/e81172

Keywords:

market economy, social justice, social inequality, basic needs, social participation, poverty

Abstract

The article aims to examine whether a market economy can be considered morally legitimate when it allows the persistence of positions of structural misery and to propose structural sufficiency as a minimum criterion of legitimacy. Methodologically, it develops a philosophical-conceptual analysis through normative idealization and argumentative comparison among economic liberalism, sufficientarianism, the capability approach, relational equality, and republicanism, complemented by contemporary literature on poverty, mobility, and labor market power. The analysis shows that competition, growth, and contractual freedom can generate opportunities and mobility, but do not by themselves guarantee that everyone has sufficient basic resources, capabilities, and alternatives for effective agency. It concludes that the market may constitute a valuable institution without being morally self-sufficient: its legitimacy requires an institutional framework that prevents the persistent reproduction of positions incompatible with dignity, without implying complete egalitarianism or rejection of economic freedom.

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Published

2026-09-28

How to Cite

Verme Marrese, G. G. (2026). Market economy, structural misery and sufficiency: social justice and dignity. Revista científica En Ciencias Sociales, 8(1), 01-17. https://doi.org/10.53732/rccsociales/e81172