Moral Markets?

Towards an Economy of Human Flourishing

Your portal to critical reflections on free markets, capitalism, business & economics

Moral Markets?

Towards an Economy of Human Flourishing

Articles & blogs on freedom / liberty

Category: freedom / liberty

A New Rule Book for a New Transition

A New Rule Book for a New Transition

by Camila Posada | 12 Apr 2021 | , , ,

It appears that humanity’s industrial period, with all the benefits it has brought, is tilting out of stability (if there ever was one), and that a new transition, a new order, must take its place. We must, then, wonder: what will this new rule book entail? If all economics are economics of transition, then what does this transition need? What can it keep from its predecessors and what must it shed? This essay will analyze these questions as relating to three different components of the economy: the existence of a common goal, the role of labor, and the value of freedom.

Winner in the category master students of the Future Markets Consultation essay contest.

COVID-19, Technology, and Surveillance Capitalism

by Project Syndicate ("The World's Opinion Page") | 17 Nov 2020 | , , ,

“During the COVID-19 pandemic, shopping, entertainment, and communication have moved online, and tech firms’ share prices have soared. In the latest installment of CoronaNomics, PS contributor J. Bradford DeLong and NYU professor Scott Galloway join The Independent’s Ben Chu and The Telegraph’s Lizzy Burden to discuss whether we are entering an era of higher productivity, or one of surveillance capitalism, monopoly power, and spiraling inequality.”

Friedman’s Principle, 50 Years Later

Friedman’s Principle, 50 Years Later

by ProMarket | 1 Sep 2020 | , ,

“In the mid-1980s, Milton Friedman’s view that the only social responsibility of business is to increase its profits became dominant in business and academia. Since the Great Financial Crisis, his views have increasingly been challenged. To mark the 50-year anniversary of Friedman’s influential NYT piece, we are launching a series of articles on the shareholder-stakeholder debate.”

Why According to Marx There Can Be No Freedom or Sustainability under Capitalism

Why According to Marx There Can Be No Freedom or Sustainability under Capitalism

by Paul Raekstad @MoralMarkets | 4 Jun 2020 | , ,

Capitalism’s critics are telling us that our economic system has had its day. It has violently uprooted previous ways of life, was spread around the globe by brutal imperialism and colonialism, leaves billions in poverty, and is destroying our environment to an extent that threatens our very survival as a species. Capitalism’s defenders tell us that it has produced high levels of growth, amazing technological innovation, and laid the groundwork we need for a prosperous future. Their positions are, according to Marx, not as far apart as one might think.

The New-Old Threat to Economic Freedom

The New-Old Threat to Economic Freedom

by Project Syndicate ("The World's Opinion Page") | 27 Feb 2020 | , ,

“With politicians proposing policies that would vastly expand the size of the government and its involvement in the economy, it is clear that too many Americans have forgotten the lessons of the twentieth century. As Friedrich Hayek and Milton Friedman pointed out long ago, deviating from market principles is a recipe for disaster.”

Freedom of Choice – Not Competition – Is What Sets Capitalism Apart

Freedom of Choice – Not Competition – Is What Sets Capitalism Apart

by CapX ("for popular capitalism") | 5 Feb 2019 | ,

“Capitalism has often been described as ‘a system of competition’ by its adversaries, or a system ‘based on competition.’ Naturally, this assertion is usually coupled with a spirited oration on how this ‘tooth ‘n’ nail’ competition psychologically corrupts us — pitting man against man in a ‘race to the bottom.’ Many of capitalism’s most vocal advocates have themselves imbibed this premise uncritically. […] In my view, this is a mistake.”

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