ABSTRACT

Bruni and Lewis want to make the acting in concert that is participation in the market involve a commitment among the market participants to a shared project of mutual benefit. Markets are an institutional form that is distinguished from planned arrangements by the way that each party involved in an economic outcome agrees to the actions that yield that outcome. Equality in the sense of equal treatment is entailed by the mutuality of mutual benefit. This connects with later arguments by Becker in 1957, for instance, that market forces drive out discrimination. Grosby comes at some similar issues from a different angle. He is concerned with how to account for the importance of associational life for individuals while retaining a version of methodological individualism. There is a tension between the normative principles of mutuality and substantive equality and the disruptive nature of markets when it leaves some people worse off.