Economics and Philosophy 13 (1):87-100 (1997)
AbstractAre there worthwhile values and ideals which flourish in the procedures of the state but wither in the transactions of the market? Are there equitable and fulfilling social relationships which are nurtured in the economic sphere but crumble in the political world? There is clearly some truth in the claim that at least in certain circumstances market systems inculcate in people not only ‘honesty and diligence, but also sensitivity to the needs and preferences of others’ . On the other hand, it is difficult to deny the appeal of a tradition of thought which attaches moral superiority to the non-market ideals and values epitomised in the gift relationship. Titmuss , for example, objected to treating blood as a commodity in part because it undermined the sense of fraternity or community which a system of voluntary blood donors enhanced. A contemporary statement of this position holds that gift values differ from commodity values in being ‘tokens of love, admiration, respect, honor, and so forth, and consequently lose their value when they are provided for merely self-interested reasons’
Added to PP
Historical graph of downloads
References found in this work
The Ethical Limitations of the Market.Elizabeth Anderson - 1990 - Economics and Philosophy 6 (2):179.
Ethical Idealism an Inquiry Into the Nature and Function of Ideals.Nicholas Rescher - 1987 - Univ of California Press.
The Moral Foundations of Market Institutions.John Gray - 1992 - Integra: The Association for Integrative.
Citations of this work
No citations found.
Similar books and articles
Values Congruence and Organisational Commitment: P—O Fit in Higher Education Institutions. [REVIEW]Ann Lawrence & Peter Lawrence - 2009 - Journal of Academic Ethics 7 (4):297-314.
Exit, Voice, and Ethics.Michael Keeley & Jill W. Graham - 1991 - Journal of Business Ethics 10 (5):349 - 355.
Economic Ethics and Institutional Change.Antonio Argandoña - 2004 - Journal of Business Ethics 53 (1-2):191-201.
Economic Values in the Configuration of Science.Wenceslao J. González - 2008 - Poznan Studies in the Philosophy of the Sciences and the Humanities 96 (1):85-112.
A Pragmatic View on Values in Economics.Arjo Klamer - 2003 - Journal of Economic Methodology 10 (2):191-212.
"Homo Economicus", Political Economy and Socialism.Euclid Tsakalotos - 2004 - Science and Society 68 (2):137 - 160.
Consumer Exit, Voice, and Loyalty: Indicative, Legitimation, and Regulatory Role in Agricultural and Food Ethics. [REVIEW]Terry Newholm - 2000 - Journal of Agricultural and Environmental Ethics 12 (2):153-164.
Comment on Dawson's 'Exit, Voice and Values in Economic Institutions'.Elizabeth Anderson - 1997 - Economics and Philosophy 13 (1):101.