The Ethical Foundations of the Market Economy

International Workshop

Horst Siebert

The ethical foundations of Western-style market economies was discussed by a distinguished group of scholars at an international workshop, held at the Kiel Institute of World Economics in August 1993. In this volume, Amartya Sen, Brian Barry, John Harsanyi, Partha Dasgupta, Robert Sugden, Deepak Lal and Israel Kirzner discuss the principles of individualism, equality, and justice. They address the challenge that poverty presents for the market economy and explore competition and freedom as essential elements of such an economy.

A Kiel Institute publication.

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6 x 9, ca 190 pages
ISBN 0-472-10563-9
cloth 52.50E (tentatiave) [NA/CA/LA]*
September

CONTENTS

• A Case for a Utilitarian Ethic John C. Harsanyi
• The Theory of Rights Robert Sugden
• Justice, Freedom, and Basic Income Brian Barry
• Poverty and Development Deepak K. Lal
• Ethics, Future Generations, and the Market Partha S. Dasgupta
• The Ethics of Competition Israel M. Kirzner
• Markets and the Freedom to Choose Amartya Sen