By Mark D. White
This number of essays by means of renowned economists and philosophers showcases the real contributions that markets could make to big issues inside of social economics, together with functional matters akin to poverty and catastrophe reduction, in addition to extra basic issues relating to ethics and well-being.
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Extra resources for Accepting the Invisible Hand: Market-Based Approaches to Social-Economic Problems
Hill, “Kantian Conception of Autonomy,” 85. 12. 2. 13. Deirdre McCloskey would go one step further and say that the market promotes all of the virtues, including love and hope; see her book Bourgeois Virtues as well as her contribution (and that of Steve Horwitz) to the present volume. 14. ” 15. A. Hart wrote in The Concept of Law, for a society to prosper, most of its members must take an internal point of view to the law, in which they take some sort of “ownership” of the law, as opposed to an external point of view that views laws merely as commands backed by threats; see also Cooter, “Intrinsic Value” for an economic application of this concept.
In Dignity and Practical Reason in Kant’s Moral Theory, 76–96. Ithaca, NY: Cornell University Press, 1992. Irwin, Terence. ” In Agency and Action, edited by John Hyman and Helen Steward, 137–64. Cambridge, UK: Cambridge University Press, 2004. Jolls, Christine, Cass R. Sunstein, and Richard Thaler. ” Stanford Law Review 50 (1998): 1471–550. 20 MA RK D. W HIT E Kahneman, Daniel, Paul Slovic, and Amos Tversky, eds. Judgment under Uncertainty: Heuristics and Biases. Cambridge, UK: Cambridge University Press, 1982.
Boettke, Peter J. Calculation and Coordination: Essays on Socialism and Transitional Political Economy. London: Routledge, 2001. , and Michael L. Marlow. ” Public Choice 88 (1996): 57–67. Brennan, Geoffrey, and James M. Buchanan. The Reason of Rules. Indianapolis: Liberty Fund, 2000 . Buchanan, James M. ” Journal of Political Economy 62 (1954): 334–43. ———. Public Finance in Democratic Process. Indianapolis: Liberty Fund, 1999 . , and Gordon Tullock. The Calculus of Consent. Indianapolis: Liberty Fund, 1998 .