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The moral limits of what, exactly?

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  • Agmon, Shai

Abstract

While moral arguments for limiting market expansionism proliferate, a fundamental question has been left unanswered: the moral limits of what, exactly? Moral Limits of Markets (MLM) theorists tend to employ different terms – markets, putting a price tag, buying and selling – interchangeably and inconsistently to describe the phenomenon they are troubled by. I clarify this ambiguity by offering a novel taxonomy of different dimensions of exchange I identify as the sources of the normative concerns of most MLM arguments: Alienation, Commodification, Marketization, Privatization. This taxonomy allows us to better understand why and what about ‘markets’ should be limited.

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  • Agmon, Shai, 2025. "The moral limits of what, exactly?," Economics and Philosophy, Cambridge University Press, vol. 41(2), pages 229-251, July.
    • Handle: RePEc:cup:ecnphi:v:41:y:2025:i:2:p:229-251_1
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