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"This book acquaints the reader with arguments for the moral foundations of market society, and the applications of these arguments. Broadly, the book encourages a distinction between capitalism construed as an ideal rather than as a label for the economic status quo and its associated injustices. These foundational arguments are compared with arguments in favour of socialism. Special attention is paid to historically significance figures such as Adam Smith, John Stuart Mill, Karl Marx, and F.A.Hayek. Later chapters deal with more specific and contemporary themes. These include problems not fully foreseen by historic proponents of market order, such as the challenges of climate change, competitive consumption, and the need for an institutionalized order for global trade. Other chapters focus on institutions familiar to most market societies, such as a welfare state, as well as alternatives such as basic income.Overall, the book seeks to both revisit historically influential arguments for capitalism while also seeking to examine how these historical views stand up to contemporary challenges of economic justice. The book is written primarily for an audience of undergraduates (including majors in the humanities and the social sciences). But it would also be useful for anyone seeking a summary of major themes in political economy, particularly those with moral significance"--
Capitalism --- Moral and ethical aspects. --- Capitalism - Moral and ethical aspects.
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