Carl David Mildenberger
Commutative Justice: A Liberal Theory of Just Exchange
Commutative Justice: A Liberal Theory of Just Exchange
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This book develops a liberal theory of justice in exchange, addressing the conditions that market exchanges need to fulfill to be just and addressing a consequentialist challenge to existing theories. It argues that normatively problematic collective market outcomes like externalities, monopolies, violations of the Lockean proviso, inequality, and commodification do not pose particular problems to the justice of market exchanges.
Format: Paperback / softback
Length: 196 pages
Publication date: 13 June 2022
Publisher: Taylor & Francis Ltd
This book is a groundbreaking exploration of liberal justice in the context of market exchanges. It delves into the conditions that market interactions must meet to be deemed just, challenging existing theories of exchange that fail to account for the broader consequences of millions of transactions. The author argues that, despite the potential impact of considering the combined consequences of market exchanges, the effect is minimal in the grand scheme of things. Normatively problematic collective market outcomes such as externalities, monopolies, violations of the Lockean proviso, inequality, and commodification do not pose significant challenges to the justice of market exchanges.
Through a comprehensive analysis, the author outlines the various criteria that a market exchange must fulfill to be considered just from a liberal perspective and in light of the new harms we are confronting. He demonstrates that it is not the market itself that is to blame for these issues, but rather our misguided intuition that we should blindly restrain and regulate markets. Commutative Justice stands out as a unique approach, focusing on justice in exchange rather than end-state distributive justice. It offers valuable insights for researchers and advanced students in philosophy, politics, and economics who are engaged in exploring questions of economic justice.
In conclusion, this book is a must-read for anyone interested in understanding the complexities of liberal justice in the context of market exchanges. It provides a comprehensive and thought-provoking analysis that challenges our assumptions and offers a fresh perspective on addressing the new harms we face today.
Weight: 360g
Dimension: 229 x 152 (mm)
ISBN-13: 9781032336978
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