Homo moralis

Homo moralis This paper is explores the relationship between ethics and liberal market orders both as a form of justifying those orders and as a way of being within such orders. The argument shows that there are a number of tensions and ambiguities between ethics and liberal market orders perhaps best captured as differences between visible and invisible hands. Two prominent attempts to adjudicate these tensions—that of Buchanan and McCloskey—are examined and a matrix for thinking about the relation between ethics and liberal market orders is developed. My own approach to resolving the tension in light of that matrix is outlined, which paradoxically suggests that on the one hand, liberalism is justified for having a certain suspicion of ethics while on the other hand is the political and social theory most encouraging of it. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

Homo moralis

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Publisher
Springer US
Copyright
Copyright © 2009 by Springer Science+Business Media, LLC
Subject
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1007/s11138-009-0070-z
Publisher site
See Article on Publisher Site

Abstract

This paper is explores the relationship between ethics and liberal market orders both as a form of justifying those orders and as a way of being within such orders. The argument shows that there are a number of tensions and ambiguities between ethics and liberal market orders perhaps best captured as differences between visible and invisible hands. Two prominent attempts to adjudicate these tensions—that of Buchanan and McCloskey—are examined and a matrix for thinking about the relation between ethics and liberal market orders is developed. My own approach to resolving the tension in light of that matrix is outlined, which paradoxically suggests that on the one hand, liberalism is justified for having a certain suspicion of ethics while on the other hand is the political and social theory most encouraging of it.

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Feb 10, 2009

References

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