00:00    |    
Initial credits
00:06    |    
Introduction by Fritz Thomas
00:17    |    
What is the meaning of the market as a moral space?
01:52    |    
Is the argument that part of the price of freedom is tolerating unethical behavior, contrary to the idea of market as a moral space?
03:25    |    
How does the market encourage people to be courageous or loving?
05:33    |    
Is it wise to say that societies that are inclined towards markets are more honest and courageous?
Economic freedom
08:01    |    
Is this argument opposite to the common belief that capitalist societies are greedy?
09:48    |    
What is the effect of markets on cultures?
Cultural loss in the Bahamas
Market ethics in traditional societies
17:54    |    
What is the meaning of the market as a social space?
20:37    |    
Would the social bond you refer to, still exist if there was another type of social arrangement?
Arrangements in market societies
22:46    |    
What is your definition of a market? Where do you draw a line on what constitutes a market?
25:39    |    
Is it correct to view entrepreneurs as predators within the market?
27:47    |    
Does your argument on the market have a utilitarian perspective?
Cost-benefit analysis
32:33    |    
Is there empirical evidence proving that markets enable social problems?
36:04    |    
What is the relationship between democracy and free markets?
39:36    |    
Final words
39:51    |    
Final credits




Markets as Social and Moral Spaces

13 de marzo de 2012   | Vistas: 15 |  

Fritz Thomas and Virgil Storr talk about the market from a social and moral perspective rather than the usual utilitarian approach. They comment on the characteristics of societies where freedom prevails and explain the ethical environment that’s created when individuals are allowed to positively interact with each other. Storr describes how the markets are able to create more virtuous and courageous human beings. He states how the relationship between economic freedom and morality are closely tied and how entrepreneurs encourage the creation of more material goods through meaningful relationships. Amidst globalization, culture appears to be in danger due to the expansion of capitalistic values, but Storr talks about the real costs of denying this process, especially for poor societies. Finally, they analyze the impact of democracy as a political system to modern economies and the limits that must be recognized for it.

Virgil Storr is research associate professor of economics at George Mason University. He holds a BA in economics and management…


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín