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Ethics, efficiency, and the market

Author: Allen E Buchanan
Publisher: Totowa, N.J. : Rowman & Allanheld, 1985.
Series: Rowman & Allanheld texts in philosophy.
Edition/Format:   Print book : EnglishView all editions and formats
Database:WorldCat
Summary:
This clear and incisive book provides the ideal critical synthesis of the best thinking on one of the most important moral, social, and political issues of our time: the role of the market as a basic institution of social organization. It articulates the two main types of arguments for and against the market--efficiency arguments and ethical arguments--and examines their conceptual, empirical, and moral  Read more...
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Additional Physical Format: Online version:
Buchanan, Allen E., 1948-
Ethics, efficiency, and the market.
Totowa, N.J. : Rowman & Allanheld, 1985
(OCoLC)651794193
Document Type: Book
All Authors / Contributors: Allen E Buchanan
ISBN: 0847673952 9780847673957 0847673960 9780847673964
OCLC Number: 11293947
Description: vii, 135 pages ; 24 cm.
Contents: Introduction --
Efficiency arguments for and against the market --
Moral arguments for and against the market --
Market socialism-separating the market from private property in the means of production.
Series Title: Rowman & Allanheld texts in philosophy.
Responsibility: Allen Buchanan.

Abstract:

This clear and incisive book provides the ideal critical synthesis of the best thinking on one of the most important moral, social, and political issues of our time: the role of the market as a basic institution of social organization. It articulates the two main types of arguments for and against the market--efficiency arguments and ethical arguments--and examines their conceptual, empirical, and moral presuppositions, as well as their implications for capitalist, socialist, and market-socialist economic arragements. Among the many striking features of the argument is Buchanan's contention that the allegedly purely technical notions of efficiency current in the social science literature rest on unexamined ethical assumptions and that the ethical arguments offered by philosophers and political theorists depend upon unexamined assumptions about efficiency. Buchanan also contends that the problem of relativism for judgments comparing social systems is no less serious for efficiency claims than for ethical claims. This short, accessible book will raise the quality of the debate in both philosophy and the social sciences. It is an ideal introduction to its subject for students in political and social theory, economics, comparative politics, and philosophy.

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A clear and incisive review and critique of the widely scattered arguments, both economic and moral, which bear on the merits of markets ... will be very useful for students in political philosophy Read more...

 
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