The body politic has private parts: market creation as a policymaking tool

Kirun Sankaran

Economics and Philosophy, 2025, vol. 41, issue 2, 340-356

Abstract: Philosophical arguments about government contracting either categorically oppose it on legitimacy grounds or see it as largely anodyne. I argue for a normatively distinct kind of contracting – the advance market commitment, or AMC – and show that it is justified by the same liberal values that justify the welfare state.

Date: 2025
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