ABSTRACT

Novel market transactions experience was the genesis of this chapter. It considers, what the moral limits of the marketplace might be. The chapter has not succeeded in fully articulating the line that separates where the market ends and other social governance mechanisms begins. It summarizes and critiques the writing of Michael J. In drawing these distinctions, the chapter has two important guiding principles from the literature. The first is Al Roth's identification of repugnant transactions. The other caveat is that if the reason for the repugnance is misguided then one hopes that lawyers and economists and others will do their best to educate the public that the repugnance is misguided. Ariel Porat, a distinguished law and economics scholar, finds much to admire in Zamir and Medina's accommodation of consequentialism and deontology. But he also recognizes that there may be problems in implementing threshold deontology.