Book contents
- Frontmatter
- Contents
- Acknowledgments
- The Moral Ecology of Markets
- 1 Thinking Ethically About Economic Life
- PART I SELF-INTEREST, MORALITY, AND THE PROBLEMS OF ECONOMIC LIFE
- 2 De-Moralized Economic Discourse About Markets
- 3 The Moral Defense of Self-Interest and Markets
- 4 The Moral Critique of Self-Interest and Markets
- 5 The Four Problems of Economic Life
- PART II THE MORAL ECOLOGY OF MARKETS
- Bibliography
- Index
4 - The Moral Critique of Self-Interest and Markets
Published online by Cambridge University Press: 05 June 2012
- Frontmatter
- Contents
- Acknowledgments
- The Moral Ecology of Markets
- 1 Thinking Ethically About Economic Life
- PART I SELF-INTEREST, MORALITY, AND THE PROBLEMS OF ECONOMIC LIFE
- 2 De-Moralized Economic Discourse About Markets
- 3 The Moral Defense of Self-Interest and Markets
- 4 The Moral Critique of Self-Interest and Markets
- 5 The Four Problems of Economic Life
- PART II THE MORAL ECOLOGY OF MARKETS
- Bibliography
- Index
Summary
The gentlest creatures are fierce when they have young to provide for, and in that wolfish society the struggle for bread borrowed a peculiar desperation from the tenderest sentiments.
For the sake of those dependent on him, a man might not want to but must plunge into the foul fight – cheat, overreach, supplant, defraud, buy below worth and sell above, break down the business by which his neighbor fed his young ones, tempt men to buy what they ought not and to sell what they should not, grind his laborers, sweat his debtors, cozen his creditors.
Edward Bellamy's 1888 socialist utopian novel, Looking Backward, condemns the structures of capitalism. As the clergyman, Mr. Barton, argues above in the fictional year 2000, the citizens of the capitalist nineteenth century were not by nature more evil than their socialist descendants 112 years later. Rather it was the insecurity of the market economy, continually threatening financial ruin, that produced the selfish, anti-social behaviors that proponents of capitalism mistakenly believe are inevitable outcomes of human nature. Unlike Ayn Rand's novels, Bellamy's work has no great heroes, only reasonable people who argue that it is not human nature that makes capitalism so harsh but capitalism that presses men and women to be so harsh with each other.
Bellamy's novel describes a postcapitalist world that is not only egalitarian but also wealthier than the capitalism it supplanted. Economic well-being in any society depends on the production of goods and services that are ultimately useful to people.
- Type
- Chapter
- Information
- The Moral Ecology of MarketsAssessing Claims about Markets and Justice, pp. 54 - 75Publisher: Cambridge University PressPrint publication year: 2006