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Is the free market acceptable to everyone?
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Clayton, Matthew and Stevens, David M. (2015) Is the free market acceptable to everyone? Res Publica . doi:10.1007/s11158-015-9298-6 ISSN 1356-4765.
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Official URL: http://dx.doi.org/10.1007/s11158-015-9298-6
Abstract
In this paper we take issue with two central claims that John Tomasi makes in Free Market Fairness (2012). The first claim is that Rawls’s difference principle can better be realized by free market institutions than it can be by state interventionist regimes such as property-owning democracy or liberal socialism. We argue that Tomasi’s narrow interpretation of the difference principle, which focuses largely on wealth and income, leaves other goods (such as control of the workplace and access to economic assets) worryingly unsatisfied. The second claim is that a wide set of economic liberties ought to be protected because they realize responsible ‘self-authorship.’ We argue that this claim also fails because, crucially, whether economic liberties serve individuals in pursuing their ambitions will depend on the nature of those ambitions and how the use of those liberties by others would affect their pursuit of them. If an expansion of liberty is good for us in some ways, but bad in others, we need to assess whether, all things considered, we would be better off with or without such expanded economic rights. We argue that the expansion Tomasi proposes is likely to fail this test.
| Item Type: | Journal Article | ||||||
|---|---|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HB Economic Theory | ||||||
| Divisions: | Faculty of Social Sciences > Politics and International Studies | ||||||
| Library of Congress Subject Headings (LCSH): | Free enterprise | ||||||
| Journal or Publication Title: | Res Publica | ||||||
| Publisher: | Springer Netherlands | ||||||
| ISSN: | 1356-4765 | ||||||
| Official Date: | 19 November 2015 | ||||||
| Dates: |
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| DOI: | 10.1007/s11158-015-9298-6 | ||||||
| Status: | Peer Reviewed | ||||||
| Publication Status: | Published | ||||||
| Access rights to Published version: | Open Access (Creative Commons) | ||||||
| Date of first compliant deposit: | 9 December 2015 | ||||||
| Date of first compliant Open Access: | 9 December 2015 |
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