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Books > Humanities > Philosophy > Topics in philosophy > Ethics & moral philosophy
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Are Markets Moral? (Hardcover)
Loot Price: R1,340
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Are Markets Moral? (Hardcover)
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Despite the remarkable achievements of free markets-their rapid
spread around the world and success at generating economic
growth-they tend to elicit anxiety. Creative destruction and
destabilizing change provoke feelings of powerlessness in the face
of circumstances that portend inevitable catastrophe. Thus, from
the beginning, capitalism has been particularly stimulative for the
growth of critics and doomsayers. While early analysts such as Karl
Marx primarily emphasized an impending economic disaster, in recent
years the economic critique of capitalism has receded in favor of
moral and environmental concerns. At the heart of this collection
of original essays lies the question: does morality demand that we
adopt a primarily supportive or critical stance toward capitalism?
Some contributors suggest that the foundational principles of the
capitalist system may be at odds with the central requirements of
morality, while others wonder whether the practical workings of
markets slowly erode moral character or hinder the just
distribution of goods. Still others consider whether morality
itself does not demand the economic freedom constitutive of the
capitalist system. The essays in Are Markets Moral? represent a
broad array of disciplines, from economics to philosophy to law,
and place particular emphasis on the experiences of non-Western
countries where the latest chapters in capitalism's history are now
being written. Contributors: Andrew S. Bibby, Gurcharan Das,
Richard A. Epstein, Fonna Forman, Robert P. George, Steven J.
Kautz, Peter Augustine Lawler, Steven Lukes, Deirdre Nansen
McCloskey, Peter McNamara, Arthur M. Melzer, John Tomasi.
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