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Bruni and Sugden on market virtues

Author

Listed:
  • Luís C. Calderón Gómez

    (Benjamin N. Cardozo School of Law)

  • Robert Talisse

    (Vanderbilt University)

  • John A. Weymark

    (Vanderbilt University)

Abstract

According to classical liberalism, markets are instruments for the mutually advantageous voluntary exchange of goods and services among individuals who have conflicting interests. Some critics have used a virtue ethics understanding of behavior in markets to call for moral limits to markets because this classical view does not respect the internal value of human practices and the intrinsic motivations of individuals. In response, Luigino Bruni and Robert Sugden have offered a virtue ethics defense of markets, thereby “reclaiming virtue ethics for economics.” We argue that their account needs further elaboration and clarification before it is possible to assess the soundness of their virtue-theoretic understanding of markets.

Suggested Citation

  • Luís C. Calderón Gómez & Robert Talisse & John A. Weymark, 2025. "Bruni and Sugden on market virtues," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 72(2), pages 1-24, December.
    • Handle: RePEc:spr:inrvec:v:72:y:2025:i:2:d:10.1007_s12232-025-00491-0
    DOI: 10.1007/s12232-025-00491-0
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    Keywords

    Free markets; MacIntyrean practices; Market virtues; Moral limits to markets; Virtue ethics; Voluntary exchange;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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