The Morality of Markets and Government Intervention

Amitava Dutt and Charles K. Wilber

Chapter 7 in Economics and Ethics, 2010, pp 117-140 from Palgrave Macmillan

Abstract: Abstract The previous chapter examined how markets are affected by the fact that individuals have ethical values, and how participation in markets affects the ethical values people hold. This chapter turns to a related question: what is the moral standing of the market from the perspective of society as a whole. Is the market system good? Is it good to have markets wherever possible? Or are there some limits and objections to goods and services being allocated through markets?

Keywords: Ethical Issue; Organ Donor; Free Market; Marginal Product; Human Organ (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-27723-6_7

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DOI: 10.1057/9780230277236_7

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