Is the Free Market Acceptable to Everyone?

Res Publica 21 (4):363-382 (2015)
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Abstract

In this paper we take issue with two central claims that John Tomasi makes in Free Market Fairness. The first claim is that Rawls’s difference principle can better be realized by free market institutions than it can be by state interventionist regimes such as property-owning democracy or liberal socialism. We argue that Tomasi’s narrow interpretation of the difference principle, which focuses largely on wealth and income, leaves other goods worryingly unsatisfied. The second claim is that a wide set of economic liberties ought to be protected because they realize responsible ‘self-authorship.’ We argue that this claim also fails because, crucially, whether economic liberties serve individuals in pursuing their ambitions will depend on the nature of those ambitions and how the use of those liberties by others would affect their pursuit of them. If an expansion of liberty is good for us in some ways, but bad in others, we need to assess whether, all things considered, we would be better off with or without such expanded economic rights. We argue that the expansion Tomasi proposes is likely to fail this test

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Citations of this work

On the value of economic growth.Julie L. Rose - 2020 - Politics, Philosophy and Economics 19 (2):128-153.

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References found in this work

A Theory of Justice: Revised Edition.John Rawls - 1999 - Harvard University Press.
An inquiry into the nature and causes of the wealth of nations.Adam Smith - 1976 - Oxford University Press. Edited by R. H. Campbell, A. S. Skinner & W. B. Todd.
Justice as fairness: a restatement.John Rawls (ed.) - 2001 - Cambridge: Harvard University Press.
Justice for hedgehogs.Ronald Dworkin - 2011 - Cambridge: Belknap Press of Harvard University Press.
Free Market Fairness.John Tomasi (ed.) - 2012 - Princeton University Press.

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