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The Morality of Markets and Government Intervention

In: Economics and Ethics

Author

Listed:
  • Amitava Krishna Dutt
  • Charles K. Wilber

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?

Suggested Citation

  • Amitava Krishna Dutt & Charles K. Wilber, 2010. "The Morality of Markets and Government Intervention," Palgrave Macmillan Books, in: Economics and Ethics, chapter 7, pages 117-140, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-27723-6_7
    DOI: 10.1057/9780230277236_7
    as

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