Markets and Morality
29 Pages Posted: 8 Feb 2015
Date Written: 2011
A persuasive case for the market process cannot ignore the issue of morality. Unfortunately, while markets and market behavior depend on a moral foundation, it is one that seems inconsistent with the prevailing view of morality. This apparent inconsistency obscures in the minds of many the beneficial, even moral, outcomes of markets. We believe that making the moral case for markets is best done by recognizing this moral conflict and arguing that markets enhance the good realized from the prevailing view of morality by allowing the best use to be made of our limited moral capacities.
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