IDEAS home Printed from https://ideas.repec.org/a/kap/revaec/v36y2023i1d10.1007_s11138-022-00575-y.html
   My bibliography  Save this article

Do disruptions to the market process corrupt our morals?

Author

Listed:
  • Rosemarie Fike

    (Texas Christian University)

Abstract

Storr and Choi (2019) present ample evidence that the market process results in outcomes that can be considered “moral”, however they do not address the potential moral implications of policy interventions that place restrictions on the market process. This essay poses, and begins to answer, a related question: is it immoral to stand in the way of the market process? Insights from market process theory are used to explore this question and to identify four ways in which impediments to markets, and not markets themselves, have the potential to corrupt our moral character: 1. They prevent people from accessing the benefits markets have been shown to provide. 2. They create incentives that encourage people to practice behaviors that are considered immoral. 3. They prevent people from actively participating in the development of their own moral character. 4. They prevent us from discovering new social rules that are morally superior to the ones that currently exist.

Suggested Citation

  • Rosemarie Fike, 2023. "Do disruptions to the market process corrupt our morals?," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 36(1), pages 99-106, March.
    • Handle: RePEc:kap:revaec:v:36:y:2023:i:1:d:10.1007_s11138-022-00575-y
    DOI: 10.1007/s11138-022-00575-y
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11138-022-00575-y
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11138-022-00575-y?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Cebula, Richard J. & Clark, J.R. & Mixon, Franklin G., Jr., 2013. "The Impact of Economic Freedom on Per Capita Real GDP: A Study of OECD Nations," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 43(1).
    2. Becker, Gary S., 1971. "The Economics of Discrimination," University of Chicago Press Economics Books, University of Chicago Press, edition 2, number 9780226041162, December.
    3. Niclas Berggren & Therese Nilsson, 2013. "Does Economic Freedom Foster Tolerance?," Kyklos, Wiley Blackwell, vol. 66(2), pages 177-207, May.
    4. Megan V. Teague & Virgil Henry Storr & Rosemarie Fike, 2020. "Economic freedom and materialism: an empirical analysis," Constitutional Political Economy, Springer, vol. 31(1), pages 1-44, March.
    5. Randall Holcombe & Christopher Boudreaux, 2015. "Regulation and corruption," Public Choice, Springer, vol. 164(1), pages 75-85, July.
    6. Joshua C. Hall & Robert A. Lawson, 2014. "Economic Freedom Of The World: An Accounting Of The Literature," Contemporary Economic Policy, Western Economic Association International, vol. 32(1), pages 1-19, January.
    7. Boris Nikolaev, 2014. "Economic Freedom and Quality of Life: Evidence from the OECD’s Your Better Life Index," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 29(Fall 2014), pages 61-96.
    8. Bjørnskov, Christian, 2018. "The Hayek–Friedman hypothesis on the press: is there an association between economic freedom and press freedom?," Journal of Institutional Economics, Cambridge University Press, vol. 14(4), pages 617-638, August.
    9. Folbre, Nancy, 2009. "Greed, Lust and Gender: A History of Economic Ideas," OUP Catalogue, Oxford University Press, number 9780199238422.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Berggren, Niclas & Bjørnskov, Christian, 2024. "Economic freedom and academic freedom across nations," Journal of Institutional Economics, Cambridge University Press, vol. 20, pages 1-1, January.
    2. Berggren, Niclas & Nilsson, Therese, 2016. "Tolerance in the United States: Does economic freedom transform racial, religious, political and sexual attitudes?," European Journal of Political Economy, Elsevier, vol. 45(S), pages 53-70.
    3. Jackson, Jeremy & Beaulier, Scott, 2023. "Economic freedom and philanthropy," Journal of Economic Behavior & Organization, Elsevier, vol. 214(C), pages 148-183.
    4. Choi, Ginny Seung & Storr, Virgil Henry, 2023. "The morality of markets in theory and empirics," Journal of Economic Behavior & Organization, Elsevier, vol. 216(C), pages 590-607.
    5. Horst Feldmann, 2021. "Economic Freedom and People’s Regard for Education," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 154(1), pages 235-256, February.
    6. Nikolaev, Boris & Bennett, Daniel L., 2016. "Give me liberty and give me control: Economic freedom, control perceptions and the paradox of choice," European Journal of Political Economy, Elsevier, vol. 45(S), pages 39-52.
    7. Berggren, Niclas & Bjørnskov, Christian, 2023. "Does Capitalism Disfavor Women? Evidence from Life Satisfaction," Working Paper Series 1471, Research Institute of Industrial Economics.
    8. Niclas Berggren & Christian Bjørnskov & Therese Nilsson, 2018. "Do Equal Rights for a Minority Affect General Life Satisfaction?," Journal of Happiness Studies, Springer, vol. 19(5), pages 1465-1483, June.
    9. Colin Jennings & Elizabeth Ralph-Morrow, 2020. "Selective tolerance and the radical right," Rationality and Society, , vol. 32(2), pages 144-167, May.
    10. Arye L. Hillman & Niklas Potrafke, 2018. "Economic Freedom and Religion," Public Finance Review, , vol. 46(2), pages 249-275, March.
    11. Andreas Bergh & Christian Bjørnskov, 2021. "Does economic freedom boost growth for everyone?," Kyklos, Wiley Blackwell, vol. 74(2), pages 170-186, May.
    12. Jeremy Horpedahl & Jeremy Jackson & David Mitchell, 2019. "Is Economic Freedom the Hidden Path to Social Justice?," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 34(Winter 20), pages 55-74.
    13. Jerg Gutmann & Matthias Neuenkirch & Florian Neumeier, 2020. "Precision-guided or blunt? The effects of US economic sanctions on human rights," Public Choice, Springer, vol. 185(1), pages 161-182, October.
    14. Johan Graafland, 2020. "When Does Economic Freedom Promote Well Being? On the Moderating Role of Long-Term Orientation," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 149(1), pages 127-153, May.
    15. Berggren, Niclas & Nilsson, Therese, 2021. "Economic freedom and antisemitism," Journal of Institutional Economics, Cambridge University Press, vol. 17(2), pages 289-304, April.
    16. Cai, Meina & Caskey, Gregory W. & Cowen, Nick & Murtazashvili, Ilia & Murtazashvili, Jennifer Brick & Salahodjaev, Raufhon, 2022. "Individualism, economic freedom, and charitable giving," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 868-884.
    17. Schilpzand, Annemiek & de Jong, Eelke, 2023. "Do market societies undermine civic morality? An empirical investigation into market societies and civic morality across the globe," Journal of Economic Behavior & Organization, Elsevier, vol. 208(C), pages 39-60.
    18. Bjørnskov, Christian & Mchangama, Jacob, 2023. "Freedom of Expression and Social Conflict," Working Paper Series 1473, Research Institute of Industrial Economics.
    19. Daniel L. Bennett & Boris Nikolaev, 2017. "Economic Freedom & Happiness Inequality: Friends Or Foes?," Contemporary Economic Policy, Western Economic Association International, vol. 35(2), pages 373-391, April.
    20. Berggren, Niclas & Nilsson, Therese, 2015. "Globalization and the transmission of social values: The case of tolerance," Journal of Comparative Economics, Elsevier, vol. 43(2), pages 371-389.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:revaec:v:36:y:2023:i:1:d:10.1007_s11138-022-00575-y. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.