Skip to main content
×
Home
    • Aa
    • Aa

The Ethical Limitations of the Market

  • Elizabeth Anderson (a1)
Abstract

A distinctive feature of modern capitalist societies is the tendency of the market to take over the production, maintenance, and distribution of goods that were previously produced, maintained, and distributed by nonmarket means. Yet, there is a wide range of disagreement regarding the proper extent of the market in providing many goods. Labor has been treated as a commodity since the advent of capitalism, but not without significant and continuing challenges to this arrangement. Other goods whose production for and distribution on the market are currently the subject of dispute include sexual intercourse, human blood, and human body parts such as kidneys. How can we determine which goods are properly subjects of market transactions and which are not? The purpose of this article is to propose a theory of what makes economic goods differ from other kinds of goods, which can help to answer this question.

Copyright
References
Hide All
Akerlof George. 1982. “Labor Contracts as Partial Gift Exchanges.” Quarterly journal of Economics 97:543–69.
Atiyah P. S. 1979. The Rise and Fall of Freedom of Contract. Oxford: Clarendon Press.
Fisher Anthony C. 1981. Resource and Environmental Economics. Cambridge: Cambridge University Press.
Friedman Milton. 1962. Capitalism and Freedom. Chicago: University of Chicago Press.
Hirsch Fred. 1976. Social Limits to Growth. Cambridge, MA: Harvard University Press.
Hirschman Albert O. 1970. Exit, Voice and Loyalty: Responses to Decline in Firms, Organizations, and States. Cambridge, MA: Harvard University Press.
Hirschman Albert O. 1977. The Passions and the Interests: Political Arguments for Capitalism before its Triumph. Princeton: Princeton University Press.
Hochschild Arlie. 1983. The Managed Heart: Commercialization of Human Feeling. Berkeley and Los Angeles: University of California Press.
Horwitz Morton J. 1977. The Transformation of American Law: 1780–1860. Cambridge, MA: Harvard University Press.
Hyde Lewis. 1983. The Gift: Imagination and the Erotic Life of Property. New York: Random House.
Jacobs Jane. 1961. The Death and Life of Great American Cities. New York: Random House.
Kelman Steven. 1986. “A Case for In-Kind Transfers.” Economics and Philosophy 2:5573.
Mauss Marcel. 1967. The Gift. Translated by Cunnison Ian. New York: W. W. Norton
Nelson Benjamin. 1969. The Idea of Usury: From Tribal Brotherhood to Universal Otherhood. 2nd ed., enlarged. Chicago: University of Chicago Press.
Nozick Robert, 1974. Anarchy, State, and Utopia. New York: Basic Books.
Polanyi Karl. 1944. The Great Transformation. Boston: Beacon Press.
Rawls John. 1971. A Theory of Justice. Cambridge, MA: Harvard University Press.
Rawls John. 1982. “Social Unity and Primary Goods.” In Utilitarianism and Beyond, edited by Sen Amartya and Williams Bernard, pp. 159–85. Cambridge: Cambridge University Press.
Rothbard Murray. 1978. For a New Liberty. New York: Collier (Macmillan). Revised edition of first Collier edition.
Sahlins Marshall. 1972. Stone Age Economics. New York: Aldine.
Scanlon Thomas, 1975. “Preference and Urgency.” Journal of Philosophy 72:655–69.
Schwarzenbach Sibyl, 1990. “Contractarians and Feminists Debate Prostitution.” NYU Review of Law and Social Change. Forthcoming.
Sheffrin Steven. 1978. “Habermas, Depoliticization, and Consumer Theory.” Journal of Economic Issues 7:785–97.
Simmel Georg. 1978. The Philosophy of Money. Translated by Bottomore Tom and Frisby David. Boston: Routledge and Kegan Paul.
Singer Peter. 1973. “Altruism and Commerce: A Defense of Titmuss Against Arrow.” Philosophy and Public Affairs 2:312–20.
Taylor Charles. 1985. Philosophical Papers. 2 vols. Cambridge: Cambridge University Press.
Taylor Charles. 1987. “The Political Consequences of Communitarianism.” Lecture delivered at Harvard University, February 12, 1987.
Thurow Lester. 1977. “Government Expenditures: Cash or In-Kind Aid?” In Markets and Morals, edited by Dworkin Gerald, Bermant Gordon, and Brown Peter, pp. 85106. New York: Wiley.
Titmuss Richard M. 1971. The Gift Relationship: From Human Blood to Social Policy. New York: Pantheon Books.
Walzer Michael. 1983. Spheres of Justice. New York: Basic Books.
Weber Max. 1968. Economy and Society. 2 vols. Edited by Roth Guenther and Wittich Claus. Berkeley and Los Angeles: University of California Press.
Recommend this journal

Email your librarian or administrator to recommend adding this journal to your organisation's collection.

Economics & Philosophy
  • ISSN: 0266-2671
  • EISSN: 1474-0028
  • URL: /core/journals/economics-and-philosophy
Please enter your name
Please enter a valid email address
Who would you like to send this to? *
×

Metrics

Full text views

Total number of HTML views: 0
Total number of PDF views: 174 *
Loading metrics...

Abstract views

Total abstract views: 1628 *
Loading metrics...

* Views captured on Cambridge Core between September 2016 - 19th October 2017. This data will be updated every 24 hours.