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Liberty, Desert and the Market

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  • Olsaretti,Serena

Abstract

Are inequalities of income created by the free market just? In this book Serena Olsaretti examines two main arguments that justify those inequalities: the first claims that they are just because they are deserved, and the second claims that they are just because they are what free individuals are entitled to. Both these arguments purport to show, in different ways, that giving responsible individuals their due requires that free market inequalities in incomes be allowed. Olsaretti argues, however, that neither argument is successful, and shows that when we examine closely the principle of desert and the notions of liberty and choice invoked by defenders of the free market, it appears that a conception of justice that would accommodate these notions, far from supporting free market inequalities, calls for their elimination. Her book will be of interest to a wide range of readers in political philosophy, political theory and normative economics.

Suggested Citation

  • Olsaretti,Serena, 2004. "Liberty, Desert and the Market," Cambridge Books, Cambridge University Press, number 9780521836357, January.
    • Handle: RePEc:cup:cbooks:9780521836357
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    Citations

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    Cited by:

    1. Claus Dierksmeier, 2018. "Qualitative Freedom and Cosmopolitan Responsibility," Humanistic Management Journal, Springer, vol. 2(2), pages 109-123, February.
    2. Michel Magnan & Dominic Martin, 2019. "Executive Compensation and Employee Remuneration: The Flexible Principles of Justice in Pay," Journal of Business Ethics, Springer, vol. 160(1), pages 89-105, November.
    3. Andrew Lister, 2017. "Markets, desert, and reciprocity," Politics, Philosophy & Economics, , vol. 16(1), pages 47-69, February.
    4. Emily Prehoda & Joshua M. Pearce & Chelsea Schelly, 2019. "Policies to Overcome Barriers for Renewable Energy Distributed Generation: A Case Study of Utility Structure and Regulatory Regimes in Michigan," Energies, MDPI, vol. 12(4), pages 1-23, February.
    5. Ricardo Guzmán & Michael Munger, 2014. "Euvoluntariness and just market exchange: moral dilemmas from Locke’s Venditio," Public Choice, Springer, vol. 158(1), pages 39-49, January.
    6. Andreas Siemoneit, 2021. "Justice as a Social Bargain and Optimization Problem," Papers 2106.00830, arXiv.org.
    7. Silvia Borzutsky & Mark Hyde, 2015. "A Just Retirement Future for Chilean Workers: Social Insurance or Private Savings?," Global Development Institute Working Paper Series 21415, GDI, The University of Manchester.
    8. Joakim Sandberg & Alexander Andersson, 2022. "CEO Pay and the Argument from Peer Comparison," Journal of Business Ethics, Springer, vol. 175(4), pages 759-771, February.
    9. Dominic Martin, 2013. "The Contained-Rivalry Requirement and a ‘Triple Feature’ Program for Business Ethics," Journal of Business Ethics, Springer, vol. 115(1), pages 167-182, June.
    10. Francesco Denozza, 2019. "Spettri del mitico ordo: diritto e mercato nel neoliberalismo (Ghosts of mytical ordo: Law and markets in neoliberalism)," Moneta e Credito, Economia civile, vol. 72(288), pages 327-348.

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