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Market, Freedom and Justice

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  • Vyara Stoilova

Abstract

This article constitutes an attempt to present the market themes through the prism of the freedom of the market actor to pursue their self-interest and the associated expectations for achievement of certain justice. The freedom of the human as a market actor has a number of specific characteristics as compared to other freedoms they receive in their role as a citizen of a democratic state, such as the freedom of speech, of religion, of association, etc. The value concept of the market is embedded in the dual nature of the market actor. As a consequence, these results in duality of their interest and two qualitatively differing social environments where they strive to realise it. The freedom this market actor has in these two social environments is different, which gives rise to expectations for achievement of two dimensions of market justice. One is related to the specifics of the relationships of exchange between the market actors and the other is related to the distribution of competitive market opportunities between them.

Suggested Citation

  • Vyara Stoilova, 2019. "Market, Freedom and Justice," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 3-17.
    • Handle: RePEc:bas:econst:y:2019:i:4:p:3-17
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    References listed on IDEAS

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    2. Beckert, Jens, 2007. "The social order of markets," MPIfG Discussion Paper 07/15, Max Planck Institute for the Study of Societies.
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    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • Z1 - Other Special Topics - - Cultural Economics

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