Free Markets and Social Justice

The newest work from one of the most preeminent voices writing in the legal/political arena today, this important book presents a new conception of the relationship between free markets and social justice.

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Author: Cass R. Sunstein

Publisher: Oxford University Press

ISBN: 0195356179

Category: Political Science

Page: 415

View: 616

The newest work from one of the most preeminent voices writing in the legal/political arena today, this important book presents a new conception of the relationship between free markets and social justice. The work begins with foundations--the appropriate role of existing "preferences," the importance of social norms, the question whether human goods are commensurable, and issues of distributional equity. Continuing with rights, the work shows that markets have only a partial but instrumental role in the protection of rights. The book concludes with a discussion on regulation, developing approaches that would promote both economic and democratic goals, especially in the context of risks to life and health. Free Markets and Social Justice develops seven basic themes during its discussion: the myth of laissez-faire; preference formation and social norms; the contextual character of choice; the importance of fair distribution; the diversity of human goods; how law can shape preferences; and the puzzles of human rationality. As the latest word from an internationally-renowned writer, this work will raise a number of important questions about economic analysis of law in its conventional form.

Free Market Fairness

"--Stephen Macedo, Princeton University "This is one of the very best philosophical treatments of libertarian thought, ever. John Tomasi cements his position as one of Americas leading social and political philosophers.

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Author: John Tomasi

Publisher: Princeton University Press

ISBN: 9780691158143

Category: Business & Economics

Page: 384

View: 733

A provocative new vision of free market capitalism that achieves liberal ends by libertarian means Can libertarians care about social justice? In Free Market Fairness, John Tomasi argues that they can and should. Drawing simultaneously on moral insights from defenders of economic liberty such as F. A. Hayek and advocates of social justice such as John Rawls, Tomasi presents a new theory of liberal justice. This theory, free market fairness, is committed to both limited government and the material betterment of the poor. Unlike traditional libertarians, Tomasi argues that property rights are best defended not in terms of self-ownership or economic efficiency but as requirements of democratic legitimacy. At the same time, he encourages egalitarians concerned about social justice to listen more sympathetically to the claims ordinary citizens make about the importance of private economic liberty in their daily lives. In place of the familiar social democratic interpretations of social justice, Tomasi offers a "market democratic" conception of social justice: free market fairness. Tomasi argues that free market fairness, with its twin commitment to economic liberty and a fair distribution of goods and opportunities, is a morally superior account of liberal justice. Free market fairness is also a distinctively American ideal. It extends the notion, prominent in America's founding period, that protection of property and promotion of real opportunity are indivisible goals. Indeed, according to Tomasi, free market fairness is social justice, American style. Provocative and vigorously argued, Free Market Fairness offers a bold new way of thinking about politics, economics, and justice—one that will challenge readers on both the left and right.

Economic Justice

BEYOND : MARKET THEORY Why Markets Don't Stop Discrimination FREE
MARKETS AND SOCIAL JUSTICE 3–9 , 151-63 ( 1997 ) . Cass R. SUNSTEIN
We are in the midst of a period of mounting enthusiasm for free markets . This is
of ...

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Author: Emma Coleman Jordan

Publisher:

ISBN: STANFORD:36105064156644

Category: Business & Economics

Page: 1236

View: 740

Economic Justice: Race, Gender, Identity and Economics is a new casebook, offered as a means to further the conversation between critical legal scholarship and law and economics. The phrase ?economic justice? signals the authors? aim to engage these two cultures, and to find the answer to questions, such as: ? What can economics tell us about democracy and the law? ? What can theories of justice tell us about economic theory and the law? ? Why is there no legal language of ?class? in the United States, and what might one look like? Economic Justice: Race, Gender, Identity and Economics also uses the problem of racial and gender injustice as a site to interrogate both critical theory and economic theory. Just as race, gender, and class seem inextricably intertwined, economic and critical analysis both seem crucial to unraveling the knot of racial and gender inequality.

Encyclopedia of Business Ethics and Society

According to Vilfredo Pareto, who elaborated on this concept of market efficiency,
a free market is efficient if no one can be made better off ... Most important, Pareto
- optimal resource allocation in a free market may violate principles of distributive
justice and fairness, which again may ... Free markets and social justice.

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Author: Robert W. Kolb

Publisher: SAGE Publications, Incorporated

ISBN: 1412916526

Category: Business & Economics

Page: 2592

View: 574

The five volumes of this ultimate resource recognize the inherent unity between business ethics and business and society, that stems from their shared primary concern with value in commerce. This Encyclopedia spans the relationships among business, ethics, and society by including more than 800 entries that feature broad coverage of corporate social responsibility, the obligation of companies to various stakeholder groups, the contribution of business to society and culture, and the relationship between organizations and the quality of the environment.

Freiheit Gleichheit und Autonomie

their market choices will supply only a partial and biased picture of what they
value . Why think that ... See “ Social Norms and Social Roles , " in his Free
Markets and Social Justice ( Oxford : Oxford University Press , 1997 ) , pp . 32 –
69 .

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Author: Herlinde Pauer-Studer

Publisher:

ISBN: 370290462X

Category: Equality

Page: 395

View: 340

Blacks and Social Justice

Discrimination and Black Subordination As I noted earlier , perhaps the most
provocative of the claims Sowell and Williams make in support of their theory that
the free market system is the only sure path to black advancement , is that racial ...

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Author: Bernard R. Boxill

Publisher: Rowman & Littlefield Pub Incorporated

ISBN: STANFORD:36105044598956

Category: Social Science

Page: 296

View: 298

"In this acclaimed study, Bernard Boxill examines the works of modern theorists James Coleman, Robert Nozick, Ernest Van den Haag, Milton Friedman, William Julius Wilson, and Ronald Dworkin, among others, and classical thinkers such as Karl Marx, John Stuart Mill, and W.E.B. Dubois, to delineate the principle arguments for and against the major racial issues of our time. The revised edition includes a major new chapter, The Surrender to Injustice, which critically examines the recent challenges to traditional analyses of the effects of racism by William Julius Wilson, Glenn Loury, and Shelby Steele."--Back cover.

Social Justice in a Market Economy

The best condition for an efficient economy is to establish the institutions of free
markets in which every individual or firm is free to make his own decisions on
what , where and how to produce . In order to avoid any association with the ...

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Author: Hermann Sautter

Publisher: Peter Lang Pub Incorporated

ISBN: UTEXAS:059173008045073

Category: Political Science

Page: 194

View: 152

Social justice / Hermann Sautter -- Indicators of social justice in Latin America / Rolf Schinke -- Institutional framework of a social market economy / Hans Jurgen Rosner -- Harmonizing equity with growth / Knut Gerlach -- Harmonizing equity with growth / J.-Matthias Graf von der Schulenburg -- Ongoing reforms of latin american health systems / Klaus Liebig -- German labor market institutions / Peter Ruhmann -- Old age security / Winfried Schmahl -- Social justice in a market economy / Hermann Sautter.

Morality Markets

I begin with the difficulty of generalizing a principle of social justice across the
range of commercial practices . ... the more profound obstacle springs from the
inherent conflict between free markets and most any account of social justice .
Private ...

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Author: Edward Soule

Publisher: Rowman & Littlefield Pub Incorporated

ISBN: UOM:49015003471324

Category: Philosophy

Page: 193

View: 515

This is the first book to apply liberal political philosophy to commercial life as a whole.

Chicago Journal of International Law

Cass R . Sunstein , Free Markets and Social Justice 36 - 38 ( Oxford 1997 ) ;
Randal C . Picker , Simple Games in a Complex World : A Generative Approach
to the Adoption of Norms , 64 U Chi L Rev 1225 ( 1997 ) ; see also Martha
Finnemore ...

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Author:

Publisher:

ISBN: UCAL:B5113932

Category: International law

Page:

View: 354

The Chicago Journal of International Law is an interdisciplinary forum for discussion and analysis of international law and policy issues.

Internet Security Summit

THE MARKET SOLUTION In this second half of the article , my goal and scope
change . ... see also CASS R. SUNSTEIN , FREE MARKETS AND SOCIAL
JUSTICE 5 ( 1997 ) ( “ The notion of ' laissez - faire ' is a grotesque misdescription
of ...

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Author:

Publisher:

ISBN: STANFORD:36105061978511

Category: Computer security

Page: 272

View: 945

Sri Lanka a Background Survey

3 ) The " free market " operates on the principle of the price mechanism that
depends on the money available . It is a useful indicator for producers and
consumers , but is blind to social justice . The " free market " does not necessarily
satisfy ...

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Author: Tissa Balasuriya

Publisher:

ISBN: UOM:39015041035018

Category: Sri Lanka

Page: 92

View: 288

Seattle Journal for Social Justice

Nadal asks us to reconsider the very bedrock upon which rest so many of the
justifications for free market policies and their legal and regulatory manifestations
. Second, the papers of Elvia Arriola and Claudia Lozano powerfully demonstrate
 ...

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Author:

Publisher:

ISBN: UCAL:B5130685

Category: Law

Page:

View: 431

ISLA

But they have yet to address what the World Bank identified as the tremendous "
shortfall of social services , " which has fueled the cycle of army and guerrilla
violence . ... while Guatemala , Honduras and Panama each confronted
insurrectionist movements demanding " social justice . ... The givers also
applauded reactivation of a Central American Common Market with a free - trade
accord just inked ...

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Author:

Publisher:

ISBN: UCSC:32106011106173

Category: Latin America

Page:

View: 229

Clippings of Latin American political, social and economic news from various English language newspapers.

Yale Journal of Law the Humanities

This , in turn , undermines law as a form of practical moral reasoning , or so I shall
claim . I begin with my distinguished , prolific colleague at the University of
Chicago Law School , Cass Sunstein . In Free Markets and Social Justice ,
Sunstein ...

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Author:

Publisher:

ISBN: UCAL:B4953901

Category: Culture and law

Page:

View: 909

Families in Society

Free markets and social justice . New York : Oxford University Press . Sunstein ,
C. R. ( 1989 ) . Introduction : Notes on feminist political theory . Ethics , 99 , 219–
228 . Tomasi , J. ( 2001 ) . Liberalism beyond justice : Citizens , society , and the ...

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Author:

Publisher:

ISBN: NWU:35556033660481

Category: Family services

Page:

View: 981

Social Justice

Latin American countries that followed the free - market prescription and inserted
themselves fully into the global economy in the expectation that freedom and
democracy would ensue found such promises to be chimera fabricated by the ...

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Author:

Publisher:

ISBN: UOM:39015066267561

Category: Communism

Page:

View: 740

Free Market Morality

Hayek ' s reply to those who agree with him that although we cannot know what '
social justice ' is , we can identify ' social injustice ' and strive to reduce that , is
that there is no test by which we can discover what is ' socially unjust ' . This is ...

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Author: Alexander H. Shand

Publisher:

ISBN: STANFORD:36105038615170

Category: Austrian school of economics

Page: 228

View: 897

The Austrian School has exerted a major influence on the 'New Right'. Shand locates 'Austrian' thought in its historical and intellectual context, focusing on the moral case for free markets.

The Myth of the Free Market

Because these legal and social dragons had been slain ( or at least partially slain
) , the third American middle class looked beyond frontier law and social justice to
pursue a standard of living that was advanced by deliberate state policy .

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Author: Mark Anthony Martinez

Publisher:

ISBN: UOM:39015078792317

Category: Business & Economics

Page: 319

View: 276

* Explains how the 2008 financial meltdown came about and how to revitalize global and domestic economies * Shows how capitalist economies developed and why the state matters in their functioning Free market purists claim that the state is an inefficient institution that does little for society beyond providing stability and protection. The activities related to distributing resources and economic growth, they say, are better left to the invisible hand of the marketplace. These notions now seem tragically misguided in the wake of the 2008 market collapse and bailout. Mark Martinez describes how the flawed myth of the "invisible hand" distorted our understanding of how modern capitalist markets developed and actually work. Martinez draws from history to illustrate that political processes and the state are not only instrumental in making capitalist markets work but that there would be no capitalist markets or wealth creation without state intervention. He brings his story up to the present day to show how the seeds of an unprecedented government intervention in the financial markets were sown in past actions. The Myth of the Free Market is a fascinating and accessible introduction to comparative economic systems as well as an incisive refutation of the standard mantras of neoclassical free market economic theory.

Provide free markets just outcomes

Seminar paper from the year 2007 in the subject Business economics - Economic Policy, grade: 1,3, Stellenbosch Universitiy (University of Stellenbosch (South Africa)), course: Modern Economic Systems and Global Capitalism, 15 entries in the ...

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Author: Simon Kehrer

Publisher: GRIN Verlag

ISBN: 9783640153237

Category: Political Science

Page: 15

View: 934

Seminar paper from the year 2007 in the subject Business economics - Economic Policy, grade: 1,3, Stellenbosch Universitiy (University of Stellenbosch (South Africa)), course: Modern Economic Systems and Global Capitalism, 15 entries in the bibliography, language: English, abstract: Not only in economics people often talks about markets in fairly different circumstances. What does that mean? The Britannica Online Encyclopedia serves us with the following definition: “A market is a mean by which the exchange of goods and services takes place as a result of buyers and sellers being in contact with one another, either directly or through mediating agents or institutions.”1 What they call ‘means’ could also be named as a social arrangement. Analogously to the physical location of a street market every other form of markets is a man-made institution in order to organize trade. Thereby it is in addition to the right of own property probably the most salient feature of every capitalist system. But as long as markets are not natural but social constructs, they and the way they are shaped have to be subjects of human monitoring. Although this seems self- evident from an impartial point of view, free markets and their results are often taken for granted by some economists. This article focuses on the results of markets, the so called market outcomes. More precisely it is about the justice of market outcomes with special attention to the ideology and thought of Neo-liberalism with respect to this subject. During this article I will continue along the following structure: First I will expose the possibility of market failures and distinguish these failures into traditional market failures and another form of undesirable market outcomes, the failures-of-market outcomes. After that, we will devote attention to the upswing of the New Right and its ideological background. After focusing on two extremely influential thinkers – Friedrich von Hayek and Robert Nozick – we will examine the justice of free markets. I will finally end up with a conclusion in which I resume the most important results and give an overview about the implications. [...]

The Journal of Markets Morality

... s reliance on free markets . In addition , he urged the establishment of a " just
wage " — one that would not be left to the free consent of the parties . 31 A major
contribution made by Novak in this work is to redefine social justice as a personal
 ...

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Author:

Publisher:

ISBN: UOM:39015071470903

Category: Economics

Page:

View: 498