Is The Free Market Fair?

Critical Review: A Journal of Politics and Society 26 (3):423-438 (2014)
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Abstract

While John Tomasi's Free Market Fairness is ambitious, provocative, and does much to reinvigorate debate about economic justice, his argument for market democracy is not compelling. I discuss two objections. First, I offer doubts about whether “thick” economic freedom is a condition of democratic legitimacy. While Tomasi raises the intriguing possibility that liberal commitments may justify a somewhat more expansive list of economic rights than traditionally recognized, he fails to give a well-worked-out account of these rights. Instead, he argues for unfettered economic liberty without adequately connecting it to citizens' self-authorship, or showing how it could feasibly be protected alongside other basic liberties. Second, I argue that a concern for citizens' agency and economic self-authorship should lead us to endorse a social-democratic regime, not a market-democratic one. Market democracy leaves out or heavily revises key aspects of justice as fairness as developed by Rawls, including fair equality of opportunity and the fair value of the political liberties. Moreover, while Tomasi claims that social democracy rests on a perfectionist prioritizing of citizens' status over their agency, I argue that social democracy is best defended on agency-based grounds.

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Citations of this work

The Basic Liberties: An Essay on Analytical Specification.Stephen K. McLeod & Attila Tanyi - 2023 - European Journal of Political Theory 22 (3):465-486.
Democratic Capitalism: A Reply to Critics.John Tomasi - 2014 - Critical Review: A Journal of Politics and Society 26 (3-4):439-471.
High liberalism and weak economic freedoms.Katy Wells - 2018 - Critical Review of International Social and Political Philosophy 21 (6):679-702.

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References found in this work

A Theory of Justice: Revised Edition.John Rawls - 1999 - Harvard University Press.
Political Liberalism.John Rawls - 1993 - Columbia University Press.
Justice as fairness: a restatement.John Rawls (ed.) - 2001 - Cambridge, Mass.: Harvard University Press.
Taking rights seriously.Ronald Dworkin (ed.) - 1977 - London: Duckworth.
Free Market Fairness.John Tomasi (ed.) - 2012 - Princeton University Press.

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