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  1. philosophy of money and finance.Boudewijn De Bruin, Lisa Maria Herzog, Martin O'Neill & Joakim Sandberg - 2012 - In Peter Adamson (ed.), Stanford Encyclopedia of Philosophy. Stanford Encyclopedia of Philosophy.
  • Critical notice of Aaron James, Fairness in Practice: A Social Contract for a Global Economy.Mathias Risse & Gabriel Wollner - 2013 - Canadian Journal of Philosophy 43 (3):382-401.
    Nobody has offered such a comprehensive philosophical approach to trade. Nonetheless, James's approach does not succeed. First, we explore James's constructivist method, which does less work than he suggests. The second topic is James's take on the different ‘grounds’ of justice. We explore the shortcomings of approaches that focus exclusively on trade. Our third topic is why James thinks trade is such a ground. The fourth topic is how James argues for his proposed ‘structural equity.’ This proposal remains under-argued. Our (...)
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  • Three Images of Trade: On the Place of Trade in a Theory of Global Justice.Gabriel Wollner & Mathias Risse - 2014 - Moral Philosophy and Politics 1 (2):201-225.
    Economic theory teaches that it is in every country’s interest to trade. Trade is a voluntary activity among consenting parties. On this view, considerations of justice have little bearing on trade, and political philosophers concerned with global justice should stay largely silent on trade. According to a very different view that has recently gained prominence, international trade can only occur before the background of an international market reliance practice shaped by states. Trade is a shared activity among states, and all (...)
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  • Justice in Finance: The Normative Case for an International Financial Transaction Tax.Gabriel Wollner - 2014 - Journal of Political Philosophy 22 (4):458-485.
    There has recently been much debate about the idea of levying a tax on particular transactions on international financial markets. Economists have argued about how much revenue such an international financial transaction tax would raise and they disagree about what effects it would have on trade volumes, financial stability, and overall growth. Politicians have argued about the feasibility of introducing such a tax internationally and they disagree on its adequacy as a policy response to the current financial and economic crisis. (...)
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  • Cosmopolitanism and Competition: Probing the Limits of Egalitarian Justice.David Wiens - 2017 - Economics and Philosophy 33 (1):91-124.
    This paper develops a novel competition criterion for evaluating institutional schemes. Roughly, this criterion says that one institutional scheme is normatively superior to another to the extent that the former would engender more widespread political competition than the latter. I show that this criterion should be endorsed by both global egalitarians and their statist rivals, as it follows from their common commitment to the moral equality of all persons. I illustrate the normative import of the competition criterion by exploring its (...)
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  • Political Ideals and the Feasibility Frontier.David Wiens - 2015 - Economics and Philosophy 31 (3):447-477.
    Recent methodological debates regarding the place of feasibility considerations in normative political theory are hindered for want of a rigorous model of the feasibility frontier. To address this shortfall, I present an analysis of feasibility that generalizes the economic concept of a production possibility frontier and then develop a rigorous model of the feasibility frontier using the familiar possible worlds technology. I then show that this model has significant methodological implications for political philosophy. On the Target View, a political ideal (...)
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  • Do Moral Duties Arise from Global Trade?Andrew Walton - 2014 - Moral Philosophy and Politics 1 (2):249-268.
    This paper discusses the idea that trade – the practice of regularised exchange of goods or services between nation-states for mutual advantage under an orchestrated system of rules – can generate moral duties, duties that exist between only participants in the activity. It considers this idea across three duties often cited as duties of trade: duties not to harm; duties to provide certain basic goods; and duties to distribute benefits and burdens fairly. The paper argues that these three duties seem (...)
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  • Property Claims on Antibiotic Effectiveness.Cristian Timmermann - 2021 - Public Health Ethics 14 (3):256–267.
    The scope and type of property rights recognized over the effectiveness of antibiotics have a direct effect on how those claiming ownership engage in the exploitation and stewardship of this scarce resource. We examine the different property claims and rights the four major interest groups are asserting on antibiotics: (i) the inventors, (ii) those demanding that the resource be treated like any other transferable commodity, (iii) those advocating usage restrictions based on good stewardship principles and (iv) those considering the resource (...)
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  • On Trade Justice, Power and Institutions – Some Questions for Risse and Wollner.Oisin Suttle - 2022 - Moral Philosophy and Politics 9 (1):147-171.
    While Risse and Wollner make an important contribution to theorising global justice and trade, I identify certain concerns with their approach and suggest an alternative that addresses these. First, I query their emphasis on subjection to the trade regime as a morally salient feature, suggesting their argument trades on an ambiguity, and fails to connect the trade regime, as a trigger, with their preferred account of trade-justice-as-non-exploitation. Second, I examine their treatment of the WTO, how they understand international organisations as (...)
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  • Democratic Governance and the Ethics of Market Compliance.David Silver - 2020 - Journal of Business Ethics 173 (3):525-537.
    The “question of reasonable compliance” concerns how business firms should comply with morally reasonable laws that have been democratically enacted. This article argues that, out of respect for the governing authority of democratic citizens, firms should comply with the law in accordance with legislators’ normative expectations of compliance. It defends this view against arguments from the legal, economic and business ethics literatures that focus on the contentious nature of democracy and the competitive nature of the market. In response this article (...)
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  • Multilateralism and Megaregionalism from the Grounds-of-Justice Standpoint.Mathias Risse - 2017 - Global Justice: Theory Practice Rhetoric 10 (1).
    This paper considers the trend towards megaregionalism that became prominent in the trade domain in the last years of the Obama administration. While megaregionalism has fallen by the wayside since Trump’s inauguration, the underlying rationale for such treaties will most likely reassert itself rather soon. So there are structural issues that need to be discussed from a standpoint of global justice. In all likelihood, megaregionalism is detrimental to global justice. TTIP in particular, or anything like it, might derail any possibility (...)
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  • Money for Nothing: Are Decoupled Agricultural Subsidies Just?Daniel Pilchman - 2015 - Journal of Agricultural and Environmental Ethics 28 (6):1105-1125.
    Every year, the US government pays farmers billions of dollars not to grow anything. Especially within urban constituencies, politically and geographically distant from food production centers, these decoupled agriculture subsidies may seem to be unjust uses for public tax dollars. But can any argument be given in favor of such payments? I argue the affirmative by linking decoupled agricultural subsidies to the solution of pressing moral issues: obesity and food deserts. First, I argue that decoupled subsidies offer growers the economic (...)
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  • Downward mobility and Rawlsian justice.Govind Persad - 2018 - Philosophical Studies 175 (2):277-300.
    Technological and societal changes have made downward social and economic mobility a pressing issue in real-world politics. This article argues that a Rawlsian society would not provide any special protection against downward mobility, and would act rightly in declining to provide such protection. Special treatment for the downwardly mobile can be grounded neither in Rawls’s core principles—the basic liberties, fair equality of opportunity, and the difference principle—nor in other aspects of Rawls’s theory. Instead, a Rawlsian society is willing to sacrifice (...)
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  • Autarky as a moral baseline.Kristi A. Olson - 2014 - Canadian Journal of Philosophy 44 (2):264-285.
    In his account of fairness in international trade, Aaron James distinguishes autarkic gains from the gains of trade. Since the autarkic gains are external to the practice of trade, James's account allows each country to keep these gains. The gains of trade, in contrast, must be distributed equally. This distinction suffers from three problems. First, James's autarkic adjustment not only allows inequalities to persist, but exacerbates and creates new ones. Second, there is no non-morally arbitrary way to determine the autarkic (...)
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  • Being Realistic about International Trade Justice.Christian Neuhäuser - 2018 - Moral Philosophy and Politics 5 (2):181-204.
    The current philosophical debate on just international trade has moved away from purely idealistic theorizing into the direction of non-ideal theory. At the same time most philosophical thought on just trade is still rather idealistic and the main argument of the paper is that some philosophical reasoning about international trade justice should be more realistic. The paper develops in three steps. In a first step I will give a short overview over normative questions that arise with respect to international trade. (...)
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  • Dealing fairly with trade imbalances in monetary unions.Marco Meyer - 2021 - Politics, Philosophy and Economics 20 (1):45-66.
    Politicians around the globe wrangle about how to deal with trade imbalances. In the Eurozone, members running a trade deficit accuse members running a surplus of forcing them into deficit. Yet pol...
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  • On Trade and Exploitation.Pietro Maffettone - 2022 - Moral Philosophy and Politics 9 (1):125-146.
    In this essay I critically engage with Mathias Risse and Gabriel Wollner’s book On Trade Justice: A Philosophical Plea for a New Global Deal. I sketch their general view of the concept of exploitation and of trade exploitation more specifically. I then suggest that, contra Risse and Wollner, exploitation belongs to non-ideal theory. In addition, I argue that Risse and Wollner have not shown that the WTO is exploitative, and argue that their account of fair wages suffers from a number (...)
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  • Egalitarianism and the Great Recession: A Tale of Missed Connections?Pietro Maffettone - 2018 - Res Publica 24 (2):237-256.
    The main aim of this paper is to act as a corrective to the comparatively deafening silence of egalitarian political philosophy’s response to the Great Recession. The paper thus provides an accessible analysis of a new strand of empirical research into the causes of the crisis. This new literature, which has largely gone unnoticed by the broader philosophical community, maintains that the main driver of financial instability is income and wealth inequality coupled with income stagnation at the bottom of the (...)
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  • Why Dependence Grounds Duties of Trade Justice.Tadhg Ó Laoghaire - 2020 - Res Publica 26 (4):461-479.
    This essay asks what it is about the practice of trade that grounds duties of justice between states as trade partners. The answer advanced is that such duties are grounded in the dependence that trade generates. The essay puts forward four conditions that a plausible account of grounding in trade must meet: it must admit of degrees, explain the distinctly international character of trade justice, ground both procedural and distributive duties, and it must be a necessary feature of all trade (...)
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  • Making Offers They Can’t Refuse: Consensus and Domination in the WTO.Tadhg Ó Laoghaire - 2018 - Moral Philosophy and Politics 5 (2):227-256.
    The World Trade Organisation, and the international trade regime within which it operates, is regularly evaluated in terms of distributive outcomes or opportunities. A less-established concern is the extent to which the institutional structure of the trade regime enables agents to exert control over the economic forces to which they’re subject. This oversight is surprising, as trade negotiations amongst states have profound impacts upon what options remain open to those states and their citizens in regulating their economies. This article contributes (...)
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  • Must We Protect Foreign Investors?Johannes Kniess - 2018 - Moral Philosophy and Politics 5 (2):205-225.
    Investment protection clauses, and the investor-state dispute settlement mechanisms they enable, have become a common feature of international agreements on trade and investment. Intended to promote foreign investment, these protections may also discourage governments from regulating in the public interest. This raises challenging normative questions about the rights of investors and distributive justice. In this paper, I argue that a global investment regime that disadvantages developing countries and socially disadvantaged groups is prima facie unfair. This conclusion must be defended against (...)
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  • Practice independence.A. J. Julius - 2014 - Canadian Journal of Philosophy 44 (2):239-254.
    I explore some interpretations of the practice of international market reliance that forms the focus of Aaron James' book, and I wonder how our actual practices help to settle what we should go on to do now.
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  • What the Trade Pioneers Missed: Money.Aaron James - 2022 - Moral Philosophy and Politics 9 (1):89-106.
    Matias Risse and Gabriel Wollner’s On Trade Justice largely neglects the role of money and central banking in ‘trade fairness.’ This article rehearses why J. M. Keynes thought money and global central banking matters for national capacity, and suggests that this helps answer Risse and Wollner’s chief objection to Aaron James’s Fairness in Practice.
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  • When (Not) to Trade with Autocrats: Complicity, Exploitation, and Human Rights.Kevin K. W. Ip - 2022 - Moral Philosophy and Politics 9 (1):69-88.
    Transnational trade is at the heart of the global economy. Trade relations often transcend both ideological divides and regime type. Trading with autocratic regimes, however, raises significant moral issues. In their recent book, On Trade Justice, Mathias Risse and Gabriel Wollner argue that trade with autocratic regimes is morally permissible only under a very limited set of circumstances. This article discusses the morally permissible trade policies that liberal democracies ought to adopt toward autocratic regimes. Liberal democracies trading with autocratic regimes (...)
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  • International Trade, Fairness, and Labour Migration.Alexia Herwig & Sylvie Loriaux - 2014 - Moral Philosophy and Politics 1 (2):289-313.
    This paper aims to show that fairness in trade calls for relaxing existing WTO rules to include a greater liberalisation of labour migration. After having addressed several objections to global egalitarianism, it will argue, first, that the world’s rich and the world’s poor participate in a same multilateral trading system whose point is primarily to reduce trade barriers, and hence to establish global economic competitions, in order to raise their standards of living; second, that these competitions are subject to requirements (...)
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  • Political reconciliation at the level of global governance.Henning Hahn - 2017 - Journal of Global Ethics 13 (3):298-311.
    ABSTRACTThis article applies the idea of political reconciliation to current debates on the role and legitimacy of global governance. My underlying thesis is that the idea of reconciliation fits better with the non-ideal circumstances of global injustice. To this end, I will first of all develop a three-tiered model of political reconciliation and introduce the related concept of restorative justice. I will then look at some of the most obvious forms of international and global injustice – historical injustice, economic exploitation, (...)
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  • The Impact of Trade Policy Decisions on Social Justice.Sarah C. Goff - 2020 - Res Publica 27 (1):59-76.
    Some recent trade decisions, such as the U.S.’s imposition of protectionist measures against China, have attracted fervent popular support as well as outrage. Critics of these trade policies argue that they fail to promote society’s own interests. This paper catalogues the different ways that trade decisions can hinder and facilitate a society’s pursuit of social justice. I adopt a simple description of trade liberalization: a society forgoes the use of certain policy options, in order to pursue greater economic productivity through (...)
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  • Fair trade: global problems and individual responsibilities.Sarah C. Goff - 2018 - Critical Review of International Social and Political Philosophy 21 (4):521-543.
  • Rawls’ methodological blueprint.Jonathan Floyd - 2017 - European Journal of Political Theory 16 (3):367-381.
    Rawls’ primary legacy is not that he standardised a particular view of justice, but rather that he standardised a particular method of arguing about it: justification via reflective equilibrium. Yet this method, despite such standardisation, is often misunderstood in at least four ways. First, we miss its continuity across his various works. Second, we miss the way in which it unifies other justificatory ideas, such as the ‘original position’ and an ‘overlapping consensus’. Third, we miss its fundamentally empirical character, given (...)
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  • Normative behaviourism and global political principles.Jonathan Floyd - 2016 - Journal of International Political Theory 12 (2):152-168.
    This article takes a new idea, ‘normative behaviourism’, and applies it to global political theory, in order to address at least one of the problems we might have in mind when accusing that subject of being too ‘unrealistic’. The core of this idea is that political principles can be justified, not just by patterns in our thinking, and in particular our intuitions and considered judgements, but also by patterns in our behaviour, and in particular acts of insurrection and crime. The (...)
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  • Methodological moralism in political philosophy.David Estlund - 2017 - Critical Review of International Social and Political Philosophy 20 (3):385-402.
  • The Interdependence of Risk and Moral Theory.Eva Erman - 2018 - Ethical Theory and Moral Practice 21 (2):207-216.
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  • Practice-dependence and epistemic uncertainty.Eva Erman - 2017 - Journal of Global Ethics 13 (2):187-205.
    A shared presumption among practice-dependent theorists is that a principle of justice is dependent on the function or aim of the practice to which it is supposed to be applied. In recent contributions to this debate, the condition of epistemic uncertainty plays a significant role for motivating and justifying a practice-dependent view. This paper analyses the role of epistemic uncertainty in justifying a practice-dependent approach. We see two kinds of epistemic uncertainty allegedly playing this justificatory role. What we call ‘normative (...)
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  • Practices and Principles: On the Methodological Turn in Political Theory.Eva Erman & Niklas Möller - 2015 - Philosophy Compass 10 (8):533-546.
    The question of what role social and political practices should play in the justification of normative principles has received renewed attention in post-millennium political philosophy. Several current debates express dissatisfaction with the methodology adopted in mainstream political theory, taking the form of a criticism of so-called ‘ideal theory’ from ‘non-ideal’ theory, of ‘practice-independent’ theory from ‘practice-dependent’ theory, and of ‘political moralism’ from ‘political realism’. While the problem of action-guidance lies at the heart of these concerns, the critics also share a (...)
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  • What distinguishes the practice-dependent approach to justice?Eva Erman & Niklas Möller - 2016 - Philosophy and Social Criticism 42 (1):3-23.
    The practice-dependent approach to justice has received a lot of attention in post-millennium political philosophy. It has been developed in different directions and its normative implications have been criticized, but little attention has been directed to the very distinction between practice-dependence and practice-independence and the question of what theoretically differentiates a practice-dependent account from mainstream practice-independent accounts. The core premises of the practice-dependent approach, proponents argue, are meta-normative and methodological. A key feature is the presumption that a concept of justice (...)
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  • A World of Possibilities: The Place of Feasibility in Political Theory.Eva Erman & Niklas Möller - 2020 - Res Publica 26:1-23.
    Although the discussion about feasibility in political theory is still in its infancy, some important progress has been made in the last years to advance our understanding. In this paper, we intend to make a contribution to this growing literature by investigating the proper place of feasibility considerations in political theory. A motivating force behind this study is a suspicion that many presumptions made about feasibility in several current debates—such as that between practice-independence and practice-dependence, ideal and non-ideal theory, and (...)
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  • Corrective Justice Among States.Pavlos Eleftheriadis - 2020 - Jus Cogens 2 (1):7-27.
    The debate concerning solidarity and justice among states has missed the key contribution made to international affairs by corrective justice. Unlike distributive justice, which applies within states, corrective justice applies among states. It applies in particular to cooperative arrangements creating interdependence among them. Corrective justice does not require fairness in outcomes. It requires redress in cases of loss caused by unfairness. An illustration of corrective justice among states is the Eurozone’s response to the financial crisis. The assistance offered to the (...)
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  • Odious Debts and International Fair Trade.Cristian Dimitriu - 2019 - Daimon: Revista Internacional de Filosofía 76:79-94.
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  • Money creation, debt, and justice.Peter Dietsch - 2021 - Politics, Philosophy and Economics 20 (2):151-179.
    Theories of justice rely on a variety of criteria to determine what social arrangements should be considered just. For most theories, the distribution of financial resources matters. However, they take the existence of money as a given and tend to ignore the way in which the creation of money impacts distributive justice. Those with access to collateral are favoured in the creation of credit or debt, which represents the main form of money today. Appealing to the idea that access to (...)
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  • Introduction: education and migration.Julian Culp & Danielle Zwarthoed - 2018 - Journal of Global Ethics 14 (1):5-10.
    This introduction expounds educational problems that arise from transnational migration. It argues that it is high time to critically analyze normative issues of and in education under conditions of globalization because dominant approaches in normative philosophy of education tend to suffer from both a nationalist bias and a sedentary bias. The contributions to this special issue address normative problems pertaining to migration-related education from a variety of ethical and philosophical perspectives, including analytic applied ethics, continental philosophy, care ethics, Hegelian philosophy, (...)
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  • Disaggregated pluralistic theories of global distributive justice – a critique.Julian Culp - 2017 - Journal of Global Ethics 13 (2):168-186.
    Pluralistic theories of global distributive justice aim at justifying a plurality of principles for various subglobal contexts of distributive justice. Helena de Bres has recently proposed the class of disaggregated pluralistic theories, according to which we should refrain from defending principles that apply to the shared background conditions of such subglobal contexts. This article argues that if one does not justify how these background conditions should be regulated by principles of a just global basic structure, then the realization of the (...)
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  • Trade, Exploitation, and the Problem of Unequal Opportunity Costs.Andreas Cassee - 2022 - Moral Philosophy and Politics 9 (1):31-50.
    This paper assesses the ‘power-induced failure of reciprocity’ account of exploitation in the domain of trade. I argue that its proponents face a dilemma. Either the cost variable of reciprocity is understood to include opportunity costs. Then, the account implausibly implies that those with more valuable outside options should get a larger part of the overall benefits of cooperation. Or the cost variable is understood to exclude opportunity costs. Then, the account has awkward implications in cases where direct costs and (...)
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  • Diversity, tolerance, and the social contract.Justin P. Bruner - 2015 - Politics, Philosophy and Economics 14 (4):429-448.
    Philosophers and social scientists have recently turned to game theory and agent-based models to better understand social contract formation. The stag hunt game is an idealization of social contract formation. Using the stag hunt game, we attempt to determine what, if any, barrier diversity is to the formation of an efficient social contract. We uncover a deep connection between tolerance, diversity, and the social contract. We investigate a simple model in which individuals possess salient traits and behave cooperatively when the (...)
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  • On the Fairness of the Multilateral Trading System.Clara Brandi - 2014 - Moral Philosophy and Politics 1 (2):227-247.
    Three perspectives on international trade are present in current debates. From the first perspective, trade is regarded as a set of individual transactions among consenting parties and considerations of fairness and justice barely feature, if at all. The second perspective underlines the importance of background structures for trade, maintained by states, which gives rise considerations of fairness and justice. One prominent version of this perspective, for example as defended by Aaron James, views all trading states as having in principle equal (...)
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  • Exploitation, Trade Justice, and Corporate Obligations.Brian Berkey - 2022 - Moral Philosophy and Politics 9 (1):11-29.
    In On Trade Justice, Risse and Wollner defend an account of trade justice on which the central requirement, applying to both states and firms, is a requirement of non-exploitation. On their view, trade exploitation consists in ‘power-induced failure of reciprocity’, which generates an unfair distribution of the benefits and burdens associated with trade relationships. In this paper, I argue that while there are many appealing features of Risse and Wollner’s account, their discussion does not articulate and develop the unified picture (...)
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  • Internal and external.Charles R. Beitz - 2014 - Canadian Journal of Philosophy 44 (2):225-238.
    James's Fairness in Trade seeks to offer an account of fair trade that is “internal” to an existing practice he describes as “mutual market reliance.” This paper distinguishes several senses of the distinction between “internal” and “external” that occur in the book and asks how, in its various senses, the distinction shapes and influences judgments about the fairness of the practice.
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  • Introduction to the Special Issue on Normative Aspects of International Trade Institutions.Valentin Beck - 2018 - Moral Philosophy and Politics 5 (2):173-180.
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  • The regulation of harm in international trade: a critique of James's Collective Due Care principle.Christian Barry - 2014 - Canadian Journal of Philosophy 44 (2):255-263.
    In his important recent book, Aaron James has defended a principle ? Collective Due Care ? for determining when a form of economic integration is morally objectionable because it causes unjustified harm (including unemployment, wage suppression and diminished working conditions). This essay argues that Collective Due Care would yield implausible judgements about trade practices and would be too indeterminate to play the practical role for which it is intended.
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  • Taking Interdependence Seriously: Trade, Essential Supplies, and the International Division of Labour in COVID-19.Tadhg Ó Laoghaire - 2020 - Revista de Filosofie Aplicata 3 (Summer 2020):100-117.
    COVID-19 knows no boundaries, but political responses to it certainly do. Much has been made about how the pandemic has revealed the Hobbesian nature of political power, but this picture of politics occludes from vision the interdependent nature of our current international order. In particular, it overlooks the fact that much of the goods, services, capital, and people that societies rely on in order to function are sourced from outside the domestic state. And, conversely, it overlooks the extent to which (...)
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