Floating maximally many boats: A preference for the broad distribution of market benefits [Book Review]
Graduate studies at Western
Journal of Business Ethics 40 (1):91 - 99 (2002)
|Abstract||Market economics can overreach and reduce all human activities to market-governed activities. More than a market-inspired explanation for human activities, it offers a normative account of how all goods and services should be distributed by private parties negotiating mutually agreeable terms. This paper argues that market values and practices are constrained by other fundamental values and practices. Liberal values are generally consistent with, though they are not reducible to, market values. Democratic and egalitarian values often contrast with market values. The distribution of market benefits should accommodate those democratic and egalitarian values which constitute a polity's core commitments (and those core commitments need to be reasserted regularly). Indeed, market stability depends upon a general distribution of its benefits. Incentives to productive activity entail inequalities, but the terms of those inequalities are subject to review. Internal refinements to specific markets can reduce inequalities by promoting the fairness of market operations and by increasing the number of effective participants|
|Keywords||democratic and egalitarian values market economics market values and practices|
|Categories||categorize this paper)|
|Through your library||Configure|
Similar books and articles
James Stacey Taylor (2006). Why the 'Black Market' Arguments Against Legalizing Organ Sales Fail. Res Publica 12 (2):163-178.
Karl Reinhard Kolmsee (2000). Philosophy at the Core of Economic Markets. Philosophy in the Contemporary World 7 (4):75-78.
Neera Badhwar (2008). Friendship and Commercial Societies. Politics, Philosophy and Economics 7 (3):301-326.
Frank Cunningham (2005). Market Economies and Market Societies. Journal of Social Philosophy 36 (2):129–142.
John White (2002). Education, the Market and the Nature of Personal Well-Being. British Journal of Educational Studies 50 (4):442 - 456.
Danielle Costa Leite Borges (2011). European Health Systems and the Internal Market: Reshaping Ideology? [REVIEW] Health Care Analysis 19 (4):365-387.
Serena Olsaretti (2004). Liberty, Desert and the Market: A Philosophical Study. Cambridge University Press.
Virginia Held (2002). Care and the Extension of Markets. Hypatia 17 (2):19-33.
T. Phillips (2011). From the Ideal Market to the Ideal Clinic: Constructing a Normative Standard of Fairness for Human Subjects Research. Journal of Medicine and Philosophy 36 (1):79-106.
Ian Maitland (1998). Community Lost? Business Ethics Quarterly 8 (4):655-670.
Added to index2009-01-28
Total downloads2 ( #246,187 of 723,276 )
Recent downloads (6 months)0
How can I increase my downloads?