The free market
11 important questions on The free market
What is the difference between market economy and market society?
- Market society is a way of life in which everything is for sale
Why should economy reconnect with big questions in public discourses?
- it is the only way to elevate the terms of our public discourses
What are two implications for the way that we do economy; namely with thinking that some other values are at stake when trading?
- public discourses have been narrowed from its meaning; too many people believe too deeply in their morals
- Higher grades + faster learning
- Never study anything twice
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What are ethical arguments against the US-system of blood donation and that also has implications for economists?
What are arguments in favour of the market?
- profit induces production
- product induces innovation
- product and innovation produce quality
- most efficient path to raising welfare
- it makes you dependent on others and on society
What are arguments agains the market?
- sometimes no room to learn and improve your shopping list
- it takes force to get providers to improve
- producers can abuse your trust, resulting in imperfect exchanges
What is justice in exchange according to Aristotle?
- free exchange
- free trade = fair trade
What is justice in exchange for Wolff and Sandel?
- core: you just do not sell that
- by definition unjust
What are two questions in the classical debate about the free market?
- what can actually be sold on the free market?
Are we for or against the free market, considering everything about this lecture?
What are the lessons learned from this lecture about the free market?
- for one ideal theory is more useful
- challenging our baseline convictions
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
