Why the Market? Markets as Social and Moral Spaces
Journal of Markets & Morality, Volume 12, Number 2 (Fall 2009): 277-296
20 Pages Posted: 30 Jun 2012
Date Written: September 30, 2009
Critics of the market worry that as it expands the communal sphere declines. They also worry that the market encourages vice and has little or no scope for virtue. As I argue, however, the critics fail to realize that the market is a social space where commercial as well as social bonds are formed and nurtured. That it is also a moral space where virtues are learned and developed.
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