By Mark D. White

This number of essays through famous economists and philosophers showcases the $64000 contributions that markets could make to big issues inside social economics, together with useful matters reminiscent of poverty and catastrophe aid, in addition to extra basic matters concerning ethics and well-being.

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Extra info for Accepting the Invisible Hand: Market-Based Approaches to Social-Economic Problems

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51); this is also the context in which David Gauthier refers to the market as a “morally free zone”: “in understanding the perfect market as a morally free zone we shall be led back to its underlying, antecedent morality” (Morals by Agreement, 84–5). 17. See Metaphysics of Morals, 229–36, for Kant’s defense of limited state coercion. 18. Besides their book, their primary academic treatment is Sunstein and Thaler, “Libertarian Paternalism Is Not an Oxymoron” (which naturally generated a response titled “Libertarian Paternalism Is an Oxymoron,” courtesy of Gregory Mitchell).

11. ” 12. ” 13. There are two important points to note here. First, in this sense the notion that bars and restaurants are enclosed “public” places is a misnomer. However, this terminology has been used throughout this chapter for consistency with almost all other contemporary accounts of the subject that use this (admittedly flawed) terminology. Second, the prohibitions of smoking in bars and restaurants that will be discussed later effectively assign the relevant property rights to nonsmokers.

A. The Concept of Law. 2nd ed. Oxford: Oxford University Press, 1961/1994. , Jr. ” In Autonomy and SelfRespect, 25–42. Cambridge, UK: Cambridge University Press, 1991. ———. ” In Dignity and Practical Reason in Kant’s Moral Theory, 147–75. Ithaca, NY: Cornell University Press, 1992. ———. ” In Dignity and Practical Reason in Kant’s Moral Theory, 76–96. Ithaca, NY: Cornell University Press, 1992. Irwin, Terence. ” In Agency and Action, edited by John Hyman and Helen Steward, 137–64. Cambridge, UK: Cambridge University Press, 2004.

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