• 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

New Media  | 13 de marzo de 2012  | Vistas: 69

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…