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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.

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This list contains references from the content that can be linked to their source. For a full set of references and notes please see the PDF or HTML where available.

George Akerlof . 1982. “Labor Contracts as Partial Gift Exchanges.” Quarterly journal of Economics 97:543–69.

Fred Hirsch . 1976. Social Limits to Growth. Cambridge, MA: Harvard University Press.

Thomas Scanlon , 1975. “Preference and Urgency.” Journal of Philosophy 72:655–69.

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Economics & Philosophy
  • ISSN: 0266-2671
  • EISSN: 1474-0028
  • URL: /core/journals/economics-and-philosophy
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