Despite the continuing dominance of market relations and market forces in contemporary society, there remain fundamental questions about the ethical acceptability of markets and their effects. This collection, based on the 1998 conference of the Society for Applied Philosophy, brings philosophical analysis and argument to bear on these questions. Papers in the first half of the volume examine the relation between the market and central ethical concepts - concepts of value, quality of life, quality of environment, community, equality of opportunity and morality itself. In the second part, the focus is on the relation between markets and specific social phenomena such as privatization, poverty and exclusion, the ’ethical consumer’ movement and the operation of market principles in the National Health Service. The views and arguments presented in the papers do not stem from any single moral or philosophical perspective, but together they add up to a comprehensive review of the ethical problems raised by market societies. The book will be of interest to students and researchers in philosophy, economics, business studies, politics and social theory and to anyone interested in the effect of market forces on the quality of our lives.

chapter |6 pages


ByRichard Norman

part 7I|86 pages

The Market and Values

chapter 1|17 pages

The Moral Boundaries of Markets

ByRaymond Plant

chapter 2|10 pages

Markets and Moral Minimalism

ByPatrick Shaw

chapter 3|11 pages

Is the Consumer always Right? Subject-relative Valuations and Inherent Values

ByTheo Van Willigenburg

chapter 4|16 pages

Quality of Life, Environment and Markets

ByJ.E.J. Altham

chapter 5|29 pages

The Communitarian Critique of the Market

ByToby Lowe

part 93II|92 pages

The Market and Social Institutions

chapter 6|22 pages

The Ethical Effects of Privatisation

ByBarbara Goodwin

chapter 7|15 pages

Poverty and Social Exclusion

ByPhillip Cole

chapter 10|23 pages

Relocating the‘Ethical Consumer’

ByTerry Newholm