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

Author

Listed:
  • 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.

Suggested Citation

  • Bruni, Luigino & Sugden, Robert, 2008. "Fraternity: Why The Market Need Not Be A Morally Free Zone," Economics and Philosophy, Cambridge University Press, vol. 24(01), pages 35-64, March.
  • Handle: RePEc:cup:ecnphi:v:24:y:2008:i:01:p:35-64_00
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    Cited by:

    1. Robert Sugden, 2011. "Mutual advantage, conventions and team reasoning," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 58(1), pages 9-20, March.
    2. Gaudeul, Alexia & Mathieu, Laurence & Peroni, Chiara, 2008. "Blogs and the Economics of Reciprocal Attention," MPRA Paper 11298, University Library of Munich, Germany.
    3. 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;Happiness Economics and Interpersonal Relations (HEIRS), vol. 58(1), pages 1-8, March.
    4. Michel Zouboulakis, 2010. "Trustworthiness as a Moral Determinant of Economic Activity: Lessons from the Classics," Forum for Social Economics, Springer;The Association for Social Economics, vol. 39(3), pages 209-221, October.
    5. Ricardo Abramovay, 2013. "Philanthropy beyond the sectoral approach," Chapters,in: Handbook on the Economics of Reciprocity and Social Enterprise, chapter 25, pages 251-260 Edward Elgar Publishing.
    6. Gaël Giraud & Cécile Renouard, 2011. "In search of an alternative to shareholder value maximization," Post-Print hal-00609153, HAL.
    7. Christian Schubert, 2012. "Is novelty always a good thing? Towards an evolutionary welfare economics," Journal of Evolutionary Economics, Springer, vol. 22(3), pages 585-619, July.
    8. Julie A. Nelson, "undated". "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.
    9. repec:hal:journl:halshs-00611712 is not listed on IDEAS
    10. Julie Nelson, 2010. "Getting past “rational man/emotional woman”: comments on research programs in happiness economics and interpersonal relations," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 57(2), pages 233-253, June.
    11. Russell G. Pearce & Brendan M. Wilson, 2013. "Business ethics," Chapters,in: Handbook on the Economics of Reciprocity and Social Enterprise, chapter 4, pages 49-58 Edward Elgar Publishing.
    12. Giraud, Gaël & Renouard, Cécile, 2011. "In search of an alternative to shareholder value maximization," ESSEC Working Papers WP1108, ESSEC Research Center, ESSEC Business School.
    13. Carla Altobelli & Gaetano Fausto Esposito, 2014. "Capitale fiduciario e sviluppo a livello regionale: un’analisi esplorativa del ruolo del capitale civico e morale," RIVISTA DI ECONOMIA E STATISTICA DEL TERRITORIO, FrancoAngeli Editore, vol. 2014(3), pages 5-39.
    14. Dan Munter & Lars Lindblom, 2017. "Beyond Coercion: Moral Assessment in the Labour Market," Journal of Business Ethics, Springer, vol. 142(1), pages 59-70, April.
    15. Adrian Pabst, 2013. "Fraternity," Chapters,in: Handbook on the Economics of Reciprocity and Social Enterprise, chapter 15, pages 153-162 Edward Elgar Publishing.
    16. Gaël Giraud & Cécile Renouard, 2011. "In search of an alternative to shareholder value maximization," Documents de travail du Centre d'Economie de la Sorbonne 11038, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    17. Luigino Bruni & Giovanni Ferri, 2015. "oes Cooperativeness Promote Happiness? Cross-country Evidence," Mo.Fi.R. Working Papers 107, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    18. 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.
    19. Reggiani, Tommaso, 2008. "Book Review to Luigino Bruni - "Economics and Human Relations" (2007)," MPRA Paper 7283, University Library of Munich, Germany.
    20. Luca Stanca & Luigino Bruni & Marco Mantovani, 2011. "The effect of motivations on social indirect reciprocity: an experimental analysis," Applied Economics Letters, Taylor & Francis Journals, vol. 18(17), pages 1709-1711.
    21. Abramovay, Ricardo & de Almeida Voivodic, Maurizio & Cardoso, Fatima Cristina & Conroy, Michael E., 2010. "Social movements and NGOs in the construction of new market mechanisms," economic sociology_the european electronic newsletter, Max Planck Institute for the Study of Societies, vol. 11(2), pages 24-30.

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