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4 - The Market Synthesis

Published online by Cambridge University Press:  05 June 2012

Eric MacGilvray
Affiliation:
Ohio State University
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Summary

Their aim was the aim of kings: that needing nothing, and obeying no one, they might enjoy liberty, the mark of which is to live just as one pleases.

Cicero, On Duties, book 1 §68 (Atkins trans.)

THE LOCKEAN LEGACY

We have seen that the debates about the political implications of the rise of commerce in the early modern period brought to the surface the long-standing tensions in republican thought between procedural and substantive conceptions of arbitrary power, and between instrumental and intrinsic conceptions of the value of virtue. As a result, early modern thinkers had to make a series of difficult choices about the meaning and implications of republican freedom that their forebears had been able to avoid, between options that their forebears may not have clearly recognized as such. The “republican” defense of commercial society that emerged in these debates represented a substantial departure in many ways from the classical republican view. The classical republican expects the free man to be independent; to depend on the market for the satisfaction of one's own wants and needs is to depend in a radical sense on the wants and needs of other people. The classical republican sees the pursuit and enjoyment of luxury as a threat to individual virtue, and thus to freedom itself; the flourishing of a commercial economy depends on the assumption that people will always want more material goods than they actually have.

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Publisher: Cambridge University Press
Print publication year: 2011

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  • The Market Synthesis
  • Eric MacGilvray, Ohio State University
  • Book: The Invention of Market Freedom
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511842351.005
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  • The Market Synthesis
  • Eric MacGilvray, Ohio State University
  • Book: The Invention of Market Freedom
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511842351.005
Available formats
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To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • The Market Synthesis
  • Eric MacGilvray, Ohio State University
  • Book: The Invention of Market Freedom
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511842351.005
Available formats
×