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?
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© 2010 Amitava Krishna Dutt and Charles K. Wilber
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Dutt, A.K., Wilber, C.K. (2010). The Morality of Markets and Government Intervention. In: Economics and Ethics. Palgrave Macmillan, London. https://doi.org/10.1057/9780230277236_7
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DOI: https://doi.org/10.1057/9780230277236_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-36592-0
Online ISBN: 978-0-230-27723-6
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)