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Fraternity: Why The Market Need Not Be A Morally Free Zone

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  • Bruni, Luigino
  • Sugden, Robert

Abstract

This paper reappraises the idea, traceable to Adam Smith, of a fundamental distinction between market transactions and genuinely social relationships. On Smith's account, each party to a market transaction pursues his own interests, subject only to the law of contract. Using the work of Smith's contemporary Antonio Genovesi as our starting point, we reconstruct an alternative understanding of market interactions as instances of a wider class of reciprocal relationships in civil society, characterized by joint intentions for mutual assistance. We consider the implications of our arguments for current debates about whether marketed personal care services can be genuinely caring.

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Bibliographic Info

Article provided by Cambridge University Press in its journal Economics and Philosophy.

Volume (Year): 24 (2008)
Issue (Month): 01 (March)
Pages: 35-64

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Handle: RePEc:cup:ecnphi:v:24:y:2008:i:01:p:35-64_00

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Cited by:
  1. Gaël Giraud & Cécile Renouard, 2011. "In search of an alternative to shareholder value maximization," Post-Print hal-00609153, HAL.
  2. Giraud, Gaël & Renouard, Cécile, 2011. "In search of an alternative to shareholder value maximization," ESSEC Working Papers WP1108, ESSEC Research Center, ESSEC Business School.
  3. Christian Schubert, 2009. "Is Novelty always a good thing? Towards an Evolutionary Welfare Economics," Papers on Economics and Evolution 2009-03, Philipps University Marburg, Department of Geography.
  4. repec:hal:journl:halshs-00611712 is not listed on IDEAS
  5. Michel Zouboulakis, 2010. "Trustworthiness as a Moral Determinant of Economic Activity: Lessons from the Classics," Forum for Social Economics, Springer, vol. 39(3), pages 209-221, October.
  6. Luca Stanca & Luigino Bruni & Marco Mantovani, 2009. "The Effect of Motivations on Social Indirect Reciprocity: an Experimental Analysis," Working Papers, University of Milano-Bicocca, Department of Economics 169, University of Milano-Bicocca, Department of Economics, revised Aug 2009.
  7. Reggiani, Tommaso, 2008. "Book Review to Luigino Bruni - "Economics and Human Relations" (2007)," MPRA Paper 7283, University Library of Munich, Germany.
  8. Gaël Giraud & Cécile Renouard, 2011. "In search of an alternative to shareholder value maximization," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00611712, HAL.
  9. Gaudeul, Alexia & Mathieu, Laurence & Peroni, Chiara, 2008. "Blogs and the Economics of Reciprocal Attention," MPRA Paper 11298, University Library of Munich, Germany.
  10. Julie A. Nelson, . "09-07 "Getting Past "Rational Man/Emotional Woman": How Far Have Research Programs in Happiness and Interpersonal Relations Progressed?"," GDAE Working Papers 09-07, GDAE, Tufts University.
  11. Gaël Giraud & Cécile Renouard, 2011. "In search of an alternative to shareholder value maximization," Documents de travail du Centre d'Economie de la Sorbonne, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne 11038, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
  12. Robert Sugden, 2011. "Mutual advantage, conventions and team reasoning," International Review of Economics, Springer, Springer, vol. 58(1), pages 9-20, March.
  13. Julie Nelson, 2010. "Getting past “rational man/emotional woman”: comments on research programs in happiness economics and interpersonal relations," International Review of Economics, Springer, Springer, vol. 57(2), pages 233-253, June.
  14. Sergio Beraldo & Luigino Bruni, 2011. "The semantics of market and civil society: a bird’s eye view of Robert Sugden’s contribution to social sciences," International Review of Economics, Springer, Springer, vol. 58(1), pages 1-8, March.

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