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This book has considered what role moral considerations should play within markets. But that leaves to one side the question of whether morality prescribes what sorts of things should be on the market in the first place. In this final chapter we consider recent philosophical debates about what kinds of goods should and should not be available on the market as commodities. If there are to be limits, what principles might govern the determination of those limits? We argue that none of the available arguments establish a strict boundary between the commodifiable and the non-commodifiable. Instead, we suggest that the most important considerations concern the risk of harm both to individuals and to social values.
This article offers a new way to think about objects of memory, focusing on how a single item can take on various roles – from a cherished personal keepsake through a commercial product to a powerful political symbol. By examining the ‘Bring Them Home’ dog tags created in response to the October 7 Hamas attack on Israel in 2023, the article explores how these dog tags emerged as expressions of empathy for the hostages and their families, then evolved into a powerful symbol of the current historic moment, and eventually came to reflect diverse political positions on the conflict and even on broader human rights issues. Drawing from media reports, interviews, and visual evidence, the article highlights how these dog tags were worn during local protests, featured in international discussions, dominated the Israeli public space, and were integrated into everyday life, serving as a compact representation of both political identity and protest.
Steeped in African American traditions, jazz frequently invites conversations about race, Black artistry, and White commercialization of Black culture. To illustrate jazz’s slippage between art and the popular, this chapter considers jazz’s characterization and definition in advertising, movies, and popular music. These categories represent jazz as a cultural form through the embodiment and performance of jazz musicians. Companies like Nike, Honda, and Apple Computers intertwined a cultural aura around jazz with their merchandise. Hollywood movies in the post-World War II era conferred new authority on White swing musicians and erased anxiety about appropriation of Black culture by offering both White and Black jazz musicians’ performances. Late twentieth-century musicians — Steely Dan, Sting, Joni Mitchell — explicitly engaged jazz and jazz musicians for albums that aspired to artistic status rather than that of pop music. Throughout, definitions and separations between jazz as art and as the popular get blurred and remade.
What ethical norms and obligations apply to economic agents such as companies and consumers? This question sits between two distinct strands of thought: ethics and economics. While economic behaviour often centres on self-interest and competition, ethical thinking emphasises empathy and cooperation. Business ethics seeks to bridge this divide—but past approaches have leaned too heavily toward either moral idealism or economic detachment. This book proposes a more balanced framework, where both ethical and economic reasoning have their place. Drawing on historical and contemporary debates, the authors examine key issues including the profit motive, justice in prices and wages, market harms, the limited liability corporation, and corporate social responsibility. The resulting theory is sensitive to the unique moral dynamics of market contexts and their broader societal consequences. Between Ethics and Economics is essential reading for anyone interested in how ethics and economics intersect in today's marketplace.
Drawing on my research on assisted reproductive technologies in India and the US over the past fifteen years, this chapter explores the relationship between race and reproduction, calling attention to the ways in which histories of race, notions of identity, and ideas of human difference influence reproductive practices in the context of science and reproductive medicine. I emphasize how racialization processes in the context of assisted reproduction serve to bolster understandings of race that reinforce biogenetic underpinnings and exacerbate social hierarchies. Reproductive technologies are thus deeply influenced by broader systems of racial formation and capitalism, which construct different futures for racialized minorities and have long been central to xenophobia and racial discrimination in the United States and around the globe.
Social reproduction scholars have made headway in integrating the analysis of capitalism, class, gender, and care. We offer two contributions to this literature. First, we provide a novel framework with insights into companies as sites of decommodification, shaping childcare cost distribution and affecting childbearing rates. Second, we extend social reproduction research geographically to the oft-overlooked region of Eastern Europe. Eastern Europe is home to 15 of the world’s 20 fastest-declining populations, with low fertility as a prime cause. We argue that privatization catalyzes commodification, raising work intensity and financial-temporal uncertainty and eroding collective resources for social reproduction, thereby impacting childbearing. We explore this mechanism quantitatively by employing four distinct definitions of privatization across two datasets: one covering 52 Hungarian towns (1989–2006) and another spanning 29 postsocialist countries (1989–2012). We shed light on the details of the mechanism through a qualitative analysis of 82 life-history interviews in four Hungarian towns, surveying the lived experience of privatization.
On 9 September 1976, Mao passed away, marking the end of the radical socialist experiment and the beginning of marketized reforms. In the face of growing social grievances sparked by marketized reforms, in the early 2000s the Hu Jintao administration (2002–2012) changed gear toward social protection. This chapter outlines the regime of general labour precarity in the post-Mao era: socialist surplus appropriation has been overhauled and given way to exploitation; the social exclusion system has been softened and recalibrated; despite efforts of decommodification, the recommodification of healthcare, education, and housing has created the ‘three new great mountains’ over Chinese people.
In stark contrast to the Mao era, today’s party propaganda has adapted to consumer culture. This chapter argues that ideology and patriotism under Xi have been transformed into commodity and fashion. The chapter examines the mechanism of commodifying ideology from three angles. The first are the more traditional media and popular cultural products such as movies and CCTV New Year’s Gala. The second is through the enterprise of “telling China’s story” exemplified by venture capitalists and technology entrepreneurs such as Eric Xun Li and Rao Jin, whose enterprises support party-endorsed popular intellectuals such as Jin Canrong, Zhang Weiwei, and Hu Xijin. The third is through the we-media, or self-media, flatform, where millions around the globe profit by posting repetitive sensationalized “loving China” videos. The trident principle manifests itself in the Chinese celebration of Huawei executive Meng Wanzhou’s return to China. The party has masterminded a grand-scale ambitious propaganda movement that reaches far beyond the Great Wall of China.
The Conclusion recaps the conceptual themes of the book, emphasising the need for scholars to renew their focus upon the intertwined nature of kinship, class, and capital not only in the empirical study of capitalism on the African continent, but in anthropology where the study of kinship has veered away from questions of inheritance and property since the 1980s, a subject to which it is only now returning. It recaptures the book’s emphasis on the erosion of moral economies under conditions of land’s commodification, and the way this shapes the pauperisation of junior kin.
Tehran Auction, established in 2012, rose to prominence during a period of severe international sanctions, economic instability, and institutional fragility in Iran. The auction represents a turning point in the evolution of Iranian art, in which its value increasingly aligns with luxury goods, a change that reflects a broader semi-neoliberal transformation in Iranian cultural policy. To analyze this shift, this article draws on concepts such as symbolic capital (Bourdieu), institutional theory (Dickie), and aesthetic politics (Rancière) to trace how market pricing mechanisms shape artistic legitimacy in Iran. Particular reference is made to paintings by Sohrab Sepehri, which have achieved the highest sales in the history of Tehran Auction. It is argued that his paintings function as markers of status, enhancing collectors’ cultural capital. This phenomenon mirrors the role of luxury brands in Tehran, where material possessions signal social distinction.
Radical political economy focuses on capitalism's ability for reproduction. Social reproduction refers to how human beings reproduce their existence. Globalization has seen a vast expansion of surplus labor or surplus humanity. The levels of worldwide inequalities are unprecedented, as is the extent of mass deprivation and precarity. Transnational capital has turned to new forms of unpaid labor to expand accumulation, helping to generate a worldwide crisis in gender relations. A new round of global enclosures is underway that includes land grabs around the world. The TCC is turning toward greater automation in both the traditional core and the traditional periphery, suggesting an increase in the production of relative surplus value relative to absolute surplus value. The global mining industry, and the case of the Congo, illustrate these transformations. As artificial intelligence spreads, professional work and knowledge workers also face deskilling, automation, and increased precariousness. Capitalist states could ameliorate the crisis through redistribution and regulatory policies, but they are constrained by the structural power of transnational capital.
This article describes how Egyptian state documents are scattered between governmental institutions, private collections, and the second-hand book and paper market. This scattering raises a practical question about the conditions under which official documents become discardable and commodifiable by bureaucrats, their families, and second-hand dealers. This scattering also raises a theoretical question about the nature of a state which takes uneven care in keeping a record of its own institutional past. After outlining the difficulties of access one faces in official archives in Egypt, the article fleshes out the sociological profile of different custodians of state paperwork—including families of bureaucrats, peddlers, and dealers—and the conditions under which state documents become commodified to this day. The overarching objective is not just to show the well-known limitations of national archives as a source of historical material, but also to show how actually existing “state archives” go well beyond the remit of official institutions, with notable consequences over our conception of the state.
Institutional actors should aim to increase the long-term market value of their firms. This claim implies that firms should adopt a profit-maximizing mission. Business ethicists have been too quick to dismiss moral defenses of profit maximization. Even though there are limits to the moral benefits of profit maximization, a profit-maximizing approach is still morally better than alternative approaches to defining an institutional mission.
I argue that alienation objections to housing markets face a dilemma. Either they purport to explain distributive injustices, or they hold that markets are objectionable on intrinsic grounds. The first disjunct is empirically dubious. The second undermines the motivation for objecting to housing markets, and overgeneralizes: if markets are objectionable due to alienation, so is all large-scale social cooperation.
There is an ongoing debate over the moral limits of the market. Many participants endorse the plausible idea that a market’s moral status depends, at least in part, on its consequences. For example, Satz holds that markets whose operation undermines citizens’ ability to interact as equals are bad. And Brennan and Jaworski maintain that markets trading in any good or service permissibly possessed may be arranged to operate without bad consequences. This plausible normative claim about markets depends on a descriptive one. Namely, that individual markets have descriptive properties which would provide a suitable basis for their consequentialist evaluation. This descriptive claim, I argue, is false. Markets’ consequences are a joint production. There is no principled means by which the consequences of one may be distinguished from those of another. Thus, the plausible idea is false. A market’s moral status cannot depend on its consequences.
Thousands of people will suffer and die this year because we do not donate enough substances of human origin, including blood plasma. To solve this, some recommend that we allow commercial organizations to assist in collecting these and that we permit donor compensation as a tool to encourage donations. Many object to these proposals, including for semiotic or expressive reasons. But insofar as these objections rely on meanings and these meanings are social constructs, we can revise the meaning of these practices to avoid commodification. Revision may work in principle, but in practice some complain that changing meanings may be too difficult or practically infeasible. This essay attempts to show that this is not so in a wide range of cases and uses the case of commercial compensated blood plasma collection as an illustration. Getting people to conceive of this practice not as payment for blood plasma but as compensation for the time, effort, and inconvenience associated with the giving of plasma is practically feasible and preferable to prohibition.
Over the last century seed systems have undergone a process of commercialization, resulting in the transformation of seed from a common good into a commodity. Countries such as the United States are dominated by the private seed industry, which has succeeded in reducing crop diversity and increasing farmer dependency on commodity seed (i.e., seed that is bought and sold) through such mechanisms as seed hybridization, intellectual property protections, and the proliferation of genetically engineered crop varieties. Commodity seed has become necessary to support food production, but concurrently has created a positive feedback loop that solidifies corporate control within the seed industry while concurrently disincentivizing traditional agricultural practices such as seed saving. In contestation, growers nationally and globally have called for change both within and outside of market structures – advocating for the revalorization of the vast array of social, cultural, and environmental benefits that seeds have that are not being properly protected by those with the most power in the seed industry. Using insight from 31 semi-structured interviews with growers involved in Vermont's farmer seed systems, this study elucidates some of the non-commodity values that growers hold for the seeds they source from both non-commercial and commercial sources. Our results highlight how growers appreciate such non-commodity values as provenance and diversity and are working to provide a social and environmental safeguard for seeds through seed saving. At the same time, many growers also acknowledge the convenience and modern necessity of commodity seed, highlighting the importance of supporting alternative seed industry structures that are more socially and environmentally responsible. These findings stress the importance of acknowledging the multidimensionality of US farmer seed systems, whereby market and non-market exchanges can coexist and work toward creating more just and sustainable seed systems without ceding to complete commodification devoid of social import.
This state-of-the-art paper begins to unpack the concept of a housing crisis. Whilst it may be a useful starting point in recognising the presence of problems within UK housing provision and allocation, its generic and umbrella coverage papers over the diversity of experiences. Similarly, as a concept it neither suggests the causes of the crisis nor possible solutions. With this in mind, this paper explores commodification within housing and uses this to recognise that our relationship to housing and our relationship to the crisis, can be shaped by our relationship to capital. However, the paper takes this further by arguing that the presence of vulnerability should also be borne in mind when considering commodification, where vulnerability includes experiences of discrimination, mental health, and legal status.
This paper argues that commodification of housing plays a key role in the reproduction of social and economic relations and contributes to debates by, firstly, recognising modern slavery as a fundamental intersection of economic and social vulnerability intimately connected to experiences of housing. Secondly, rather than understanding modern slavery in terms of exclusion, it should be understood as a form of adverse incorporation in the labour market and housing. Awareness, therefore, of critical realism as an analytical framework usefully takes debates beyond exploring relations between housing supply and housing experience to also include political economy and ideology. From this broader ontology of housing, it is possible to emphasise housing within reproduction of social and economic relations and consider ways in which this relates to modern slavery.
While moral arguments for limiting market expansionism proliferate, a fundamental question has been left unanswered: the moral limits of what, exactly? Moral Limits of Markets (MLM) theorists tend to employ different terms – markets, putting a price tag, buying and selling – interchangeably and inconsistently to describe the phenomenon they are troubled by. I clarify this ambiguity by offering a novel taxonomy of different dimensions of exchange I identify as the sources of the normative concerns of most MLM arguments: Alienation, Commodification, Marketization, Privatization. This taxonomy allows us to better understand why and what about ‘markets’ should be limited.