Culture and Liberty

23 Pages Posted: 27 Oct 2000

See all articles by F. H. Buckley

F. H. Buckley

George Mason University - Antonin Scalia Law School, Faculty

Date Written: 2000

Abstract

This Article considers the claim that free market legal rules subvert the stock of private virtues on whose survival free markets depend. This concern has been raised by Joseph Schumpeter and Daniel Bell, but has not heretofore been examined from a legal perspective. The "cultural contradictions" claim resonates deeply at a time when America's material capital increases exponentially but its social capital seems fragile.

On close scrutiny, the virtues of doux commerce are incontestible. What remains an issue, however, is whether these virtues come at a price. Does living in a market society require one to sacrifice other ways of encountering the world, as Weber and Heidegger suggested. Nevertheless, this does not supply a reason to impeach individual choice, and this attack on free bargaining therefore fails. Moreover, the individual virtues that plausibly support free bargaining would appear to thrive under free markets.

Suggested Citation

Buckley, Francis (Frank) H., Culture and Liberty (2000). George Mason Law and Economics Research Paper No. 00-09. Available at SSRN: https://ssrn.com/abstract=210109 or http://dx.doi.org/10.2139/ssrn.210109

Francis (Frank) H. Buckley (Contact Author)

George Mason University - Antonin Scalia Law School, Faculty ( email )

3301 Fairfax Drive
Arlington, VA 22201
United States
703-993-8028 (Phone)
703-993-8088 (Fax)

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