ABSTRACT

This chapter does three things. First, it briefly touches on traditional executional considerations of commutative justice (like coercion, deception, or exploitation). It does so very briefly, however, only to establish a common basic understanding. Second, the chapter develops the consequentialist challenge to classic liberal and libertarian theories of just exchanges. It does so in terms of the idea of intrinsic procedural justice. If market exchanges were intrinsically procedurally just, traditional considerations of justice in exchange would be sufficient when developing a theory of justice in exchange. But they are not, because the consequentialist challenge succeeds. Third, this chapter also highlights which consequential considerations matter when judging whether market exchanges are just, for not all considerations frequently mentioned in the context of discussing the effects of markets matter from the standpoint of commutative justice.