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- Neera K. Badhwar, (Not for Citations. Published Copy Available on Request.).1.1 Are commercial societies unfriendly to friendship? Many critics of commercial societies, from both the left and the right, have thought so. They claim that the free-market system of property rights, freedom of contract, and other liberty rights – the “negative” right of individuals to peacefully pursue their own ends – is impersonal and dehumanizing, or even inherently divisive and adversarial. Yet (their complaint goes) the psychology and morality of markets and liberty rights pervade far too many relationships in a commercial society, eroding the bonds of personal and civic friendship. My main aim in this paper is to analyze and evaluate this claim. In this section I will give an overview of the critics’ complaints against various features of the free-market system, discuss the empirical data that might be thought to support their complaints, and show why they largely fail to do so. In Section II I will get to the heart of the matter: the nature of the market and of friendship. I will address the thesis that the modes of valuation proper to production are radically opposed to the modes of valuation proper to friendship, love, sexuality, and so on, arguing that the thesis rests on a misunderstanding of both markets and friendship. A proper understanding of the two reveals that, as voluntary, reciprocal relationships, market relationships and friendship share important moral and psychological properties, and are not the natural enemies, or even the odd bed-fellows, many critics take them to be. In Section III I will address the related thesis that market societies – societies based on the free-market system of property rights, freedom of contract, and other liberty rights - tend to commodify relationships and, thereby, weaken the bonds of personal and civic friendship. I will argue that free markets are the most powerful force for decommidifying or, more generally (since commodification is not the only way of objectifying people), deobjectifying people and relationships..Reading list | Discuss | Edit | Categorize |My bibliography
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Friedrich A. von Hayek influenced many areas of inquiry including economics, psychology and political theory. This article will offer one possible interpretation of the ethical foundation of Hayek’s political and social contributions to libertarianism and free market capitalism by analyzing several of his important non-economic publications, primarily The Road to Serfdom, The Fatal Conceit, The Constitution of Liberty and Law, Legislation and Liberty. While Hayek did not offer a particular ethical foundation for free market capitalism, he argued consistently that free markets are liberating and, for the markets to be truly free and for individuals to participate freely in markets, they should be subject to little control. Beyond some very basic principles, such as the protection of private property, that enable the free market to function properly, individuals are both free to and required to determine their own ethical compass. The central question, then, is what are the ethical principles that underlie Hayek’s view of the successful organization and operation of a free market? If formal rules and regulations must be kept to a minimum, then ethical behavior is an individual choice as well as an important foundation for the self-regulating free market. This article will argue that one possible ethical foundation underlying Hayek’s libertarian justification for free market capitalism are Friedrich Nietzsche’s “will to power” and noble/slave ethics. This article will rely primarily on Nietzsche’s On The Genealogy of Morals, Beyond Good and Evil, Zarathustra, and the Will to Power.
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| | Other links: jstor.org | Scholar | At my library | More options ... Markets are central institutions in societies such as ours, and it seems appropriate to ask whether markets treat individuals justly or unjustly and whether choices individuals make concerning their market behavior are just or unjust. After all, markets influence most important features of our lives from the environment in which we live to the ways in which we find pleasure and fulfillment. Within market life we collectively determine the shape of human existence.<1>.
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| | Other links: jstor.org | Scholar | At my library | More options ... We focus here on some familiar kinds of cases of conflict between friendship and morality, and, on the basis of our account of the nature of friendship, argue for the following two claims: first, that in some cases where we are led morally astray by virtue of a relationship that makes its own demands on us, the relationship in question is properly called a friendship; second, that relationships of this kind are valuable in their own right.
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| | Other links: jstor.org | Scholar | At my library | More options ... Taking for granted that there is a strong connection between respect far human dignity and endorsement of institutional arrangements that protect individual liberty, I ask whether this can be cited in support of a free market approach to the organization of the economy. The answer, it might seem, must be Yes. Prominent defenders of a free market system commonly assume that an important part of the rationale for the free market is that it protects individual liberty. Appearances are misleading, however. The free market ideal is not a mere corollary in the economic domain of the ideal of individual liberty. It stands, rather, at some distance from it, in both content and rationale. Indeed, conflict between these ideals in certain contexts can not be ruled out. The possibility has to be reckoned with, consequently, that an unqualified commitment to the free market system is not consistent with respect for human dignity.
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| | Scholar | At my library | More options ... Aristotle distinguishes three types of friendship: virtue or character friendship, advantage friendship, and pleasure friendship. He also holds that the civic relation is a friendship, but it is unclear to which of the three types it belongs. There appear to be two candidates. It is either a character friendship, or an advantage friendship. I argue that it cannot be a character friendship, since that would entail that citizens have active goodwill toward one another, and Aristotle claims that such goodwill can exist only among a few relatively rare character friends. However, if the relation is not a character friendship, Aristotle’s claim that the city is more than alliance for security and exchange becomes puzzling. I argue that Aristotle’s view is that the civic friendship is a special type of advantage friendship in that one of its advantages is that it makes character friendships possible. This explains why rulers and citizens should want their fellows not only to act virtuously, but also to be virtuous.
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| | Scholar | At my library | More options ... Philosophical interest in friendship has revived after a long eclipse. This is largely due to a renewed interest in ancient moral philosophy, in the role of emotion in morality, and in the ethical dimensions of personal relations in general. Some of the main questions raised by philosophers are the following: Is friendship only an instrumental value, i.e., only a means to other values, or also an intrinsic value - a value in its own right? Is friendship a mark of psychological and moral self-sufficiency, or of deficiency? How does friendship-love differ from the unconditional love of agape, and how - if at all - is it related to justice? Can the particularist, partialist perspective of friendship be reconciled with the universalist, impartialist perspective of morality? Is friendship morally neutral, or does friendship at its best require a good character? These questions are discussed here with reference to the following philosophical traditions.
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| | Scholar | More options ... Free market environmentalists believe that the extension of private property rights and market transactions is sufficient to address environmental difficulties. But there is no invisible hand operating in markets that ensures that environmentally sound practices will be employed just because property rights are in private hands. Also, liability laws and the court systems cannot be relied upon to force polluters to internalize the social costs of pollution. Third, market prices do not provide an objective measure of environmental matters. Finally, there is a right to a livable environment that justifies regulations protecting the public from unreasonable environmental risks.
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| | Other links: springerlink.com | Scholar | At my library | More options ... Critics of commercial societies complain that the free-market system of property rights and freedom of contract tends to commodify relationships, thus eroding the bonds of personal and civic friendship. I argue that this thesis rests on a misunderstanding of both markets and friendship. As voluntary, reciprocal relationships, market relationships and friendship share important properties. Like all relations and activities that exercise important human capacities and play an important role in a meaningful life, market relations and activities are essentially structured and supported by ethical norms and, in turn, support these norms. The so-called norms of the market, such as instrumentality and fungibility, come in varying degrees and characterize not only market, but also nonmarket, relationships, including friendship. Furthermore, although market relationships are primarily instrumental, the individuals involved are not. The virtues of markets have their counterparts in friendship, as do their vices. For these and other reasons, market societies are not only not inimical to friendship, they create a more secure matrix for civic and personal friendship, as well as for other important values such as art, science, or philosophy, than any other developed form of society. Key Words: commercial societies • friendship • moral norms • virtues • vices.
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| | Other links: ppe.sagepub.com dx.doi.org | Scholar | At my library | More options ... 1.1 Are commercial societies unfriendly to friendship? Many critics of commercial societies, from both the left and the right, have thought so. They claim that the freemarket system of property rights, freedom of contract, and other liberty rights – the “negative” right of individuals to peacefully pursue their own ends – is impersonal and dehumanizing, or even inherently divisive and adversarial. Yet (their complaint goes) the psychology and morality of markets and liberty rights pervade far too many relationships in a commercial society, eroding the bonds of personal and civic friendship. My main aim in this paper is to analyze and evaluate this claim. In this section I will give an overview of the critics’ complaints against various features of the freemarket system, discuss the empirical data that might be thought to support their complaints, and show why they largely fail to do so. In Section II I will get to the heart of the matter: the nature of the market and of friendship. I will address the thesis that the modes of valuation proper to production are radically opposed to the modes of valuation proper to friendship, love, sexuality, and so on, arguing that the thesis rests on a misunderstanding of both markets and friendship. A proper understanding of the two reveals that, as voluntary, reciprocal relationships, market relationships and friendship share important moral and psychological properties, and are not the natural enemies, or even the odd bed-fellows, many critics take them to be. In Section III I will address the related thesis that market societies – societies based on the free-market system of..
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| | Scholar | More options ... Does the “free market” foster more freedom for individuals generally and less coercion? Libertarians and other market advocates argue that the unfettered market maximizes freedom and hence has less coercion than any feasible alternative. Welfare liberals, Socialist, and Marxists, in different ways, argue against the claim that the unrestricted market maximizes freedom generally. Both supporters and critics agree that coercion undermines freedom and that that is what is ultimately prima facie wrong with it. Further, they agree that the extent to which an economic system includes coercion provides a serious strike against it. The problem is that there is little consensus on the necessary conditions for coercion. In this paper I will be concerned with the nature of coercive relationships in the market. Market interactions have a particular character and occur within a specific institutional framework. Other accounts of coercion have failed to capture the unique character of coercion in the market because they have failed to take into account certain nontrivial facts about the market which are essential to the analysis of coercive market relations.
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| | Scholar | At my library | More options ... Discussion of Neera K. Badhwar, (Not for citations. Published copy available on request.)
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