Chapter

Collective Harms and the Market

Jethro K. Lieberman

in Liberalism Undressed

Published in print October 2012 | ISBN: 9780199919840
Published online January 2013 | e-ISBN: 9780199980376 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199919840.003.0004
Collective Harms and the Market

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The chapter proposes that the economic market can be a significant source of harm under the harm principle and is not merely a natural force. The capacity to harm is a consequence of the substitution of human for natural systems. The chapter considers the sorts of harms prompted by competition, investment, market operations, employment conditions, and the degree to which the state may regulate them. It also looks at proposals for market socialism and concludes that the attempt to instantiate it would likely involve the state in harmful conduct.

Keywords: competition; employment; human systems; investment; market socialism; markets; natural systems; planning; working conditions

Chapter.  14338 words. 

Subjects: Political Theory

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