Fraternity: Why the Market Need Not Be a Morally Free Zone

Economics and Philosophy 24 (1):35-64 (2008)
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Abstract

This paper reappraises the idea, traceable to Adam Smith, of a fundamental distinction between market transactions and genuinely social relationships. On Smith's account, each party to a market transaction pursues his own interests, subject only to the law of contract. Using the work of Smith's contemporary Antonio Genovesi as our starting point, we reconstruct an alternative understanding of market interactions as instances of a wider class of reciprocal relationships in civil society, characterized by joint intentions for mutual assistance. We consider the implications of our arguments for current debates about whether marketed personal care services can be genuinely caring.

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Robert Sugden
University of East Anglia

References found in this work

The Theory of Moral Sentiments.Adam Smith - 1759 - Mineola, N.Y.: Dover Publications. Edited by Elizabeth Schmidt Radcliffe, Richard McCarty, Fritz Allhoff & Anand Vaidya.
Morals by agreement.David P. Gauthier - 1986 - New York: Oxford University Press.
The Subjection of Women.John Stuart Mill - 1869 - Peterborough, CA: Broadview Press.

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