The Market as Institutionalization of Irresponsibility An Ethical Reflection on Free Market Capitalism

Dante A Urbina
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Dante A Urbina: Faculty of Business and Economics University of Lima Peru

Annals of Social Sciences & Management studies, 2020, vol. 4, issue 5, 136-137

Abstract: This article is an ethical reflection on free market capitalism. It is maintained that the buyer-seller dynamics is based on and also generates selfish individuals who tend to forget the moral dimension of their actions in the market. The price system plays an important role in this respect since it eliminates qualitative differences among goods. The alleged moral justification of capitalism by appealing to liberty is also called into question

Keywords: juniper publishers; social sciences journals; social anthropology; social policy; journal of social science; social and political science journals; journal of social science; open access; juniper publishers reivew (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:adp:oajasm:v:4:y:2020:i:5:p:136-137

DOI: 10.19080/ASM.2020.04.555649

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