By Mark D. White
This number of essays via famous economists and philosophers showcases the real contributions that markets could make to special themes inside of social economics, together with functional concerns reminiscent of poverty and catastrophe aid, in addition to extra common matters relating to ethics and well-being.
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Extra info for Accepting the Invisible Hand: Market-Based Approaches to Social-Economic Problems
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. Jolls, Christine, Cass R. Sunstein, and Richard Thaler. ” Stanford Law Review 50 (1998): 1471–550. 20 MA RK D. W HIT E Kahneman, Daniel, Paul Slovic, and Amos Tversky, eds. Judgment under Uncertainty: Heuristics and Biases. Cambridge, UK: Cambridge University Press, 1982.
M A R K E T S , D I S C O V E R Y, A N D S O C I A L P R O B L E M S 39 2. A market economy may be defined as an economic system in which the means of production are privately owned and individuals buy and sell goods and services at prices spontaneously generated by the actions of producers and consumers. This economic activity takes place within an institutional framework of the rule of law and the protection of property rights that may be provided by the government. 3. Seabright, Company of Strangers, 13–15.
Indianapolis: Liberty Fund, 1759/1982. Sullivan, Roger J. Immanuel Kant’s Moral Theory. Cambridge, UK: Cambridge University Press, 1989. ———. An Introduction to Kant’s Ethics. Cambridge, UK: Cambridge University Press, 1994. , and R ichard H. Thaler. ” University of Chicago Law Review 70 (2001): 1159–202. , and Cass R. Sunstein. Nudge: Improving Decisions about Health, Wealth, and Happiness. New Haven: Yale University Press, 2008. MARKETS AND DIGNIT Y 21 White, Mark D. ” Forum for Social Economics 39 (2010): 53–60.
Accepting the Invisible Hand: Market-Based Approaches to Social-Economic Problems by Mark D. White