{"title":"Democracy & “Noxious” Markets","authors":"Debra M. Satz","doi":"10.1162/daed_a_01976","DOIUrl":null,"url":null,"abstract":"Abstract How should a new political economy conceive of the role of markets in a just society? Markets clearly play an important role in efficiently allocating labor and goods, disseminating information, enabling cooperation among people who disagree with one another about how to live, and allowing individuals ‘ choices about where to direct their talents and resources. But acknowledging that markets play an important role does not mean that this role is simple or conforms to the status quo in capitalist countries like the United States. In this essay, I draw on classical and modern ideas to defend a limited role for markets that is tempered by democratic concerns.","PeriodicalId":47980,"journal":{"name":"Daedalus","volume":"152 1","pages":"179-188"},"PeriodicalIF":2.1000,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Daedalus","FirstCategoryId":"90","ListUrlMain":"https://doi.org/10.1162/daed_a_01976","RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"0","JCRName":"HUMANITIES, MULTIDISCIPLINARY","Score":null,"Total":0}
引用次数: 3
Abstract
Abstract How should a new political economy conceive of the role of markets in a just society? Markets clearly play an important role in efficiently allocating labor and goods, disseminating information, enabling cooperation among people who disagree with one another about how to live, and allowing individuals ‘ choices about where to direct their talents and resources. But acknowledging that markets play an important role does not mean that this role is simple or conforms to the status quo in capitalist countries like the United States. In this essay, I draw on classical and modern ideas to defend a limited role for markets that is tempered by democratic concerns.
期刊介绍:
Daedalus was founded in 1955 as the Journal of the American Academy of Arts and Sciences. It draws on the enormous intellectual capacity of the American Academy, whose members are among the nation"s most prominent thinkers in the arts, sciences, and humanities. Each issue addresses a theme with authoritative essays on topics such as judicial independence, reflecting on the humanities, the global nuclear future, the challenge of mass incarceration, the future of news, the economy, the military, and race.