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Free Market Fairness
Tomasi, John, 1961-
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Princeton : Princeton University Press, c2012. (Baltimore, Md. : Project MUSE, 2015)
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1 online resource (xxvii, 348 p. )
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eBook ER191183 JC574 .T657 2012 Electronic Resources

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A provocative new vision of free market capitalism that achieves liberal ends by libertarian means

Can libertarians care about social justice? In Free Market Fairness , John Tomasi argues that they can and should. Drawing simultaneously on moral insights from defenders of economic liberty such as F. A. Hayek and advocates of social justice such as John Rawls, Tomasi presents a new theory of liberal justice. This theory, free market fairness, is committed to both limited government and the material betterment of the poor. Unlike traditional libertarians, Tomasi argues that property rights are best defended not in terms of self-ownership or economic efficiency but as requirements of democratic legitimacy. At the same time, he encourages egalitarians concerned about social justice to listen more sympathetically to the claims ordinary citizens make about the importance of private economic liberty in their daily lives. In place of the familiar social democratic interpretations of social justice, Tomasi offers a "market democratic" conception of social justice: free market fairness. Tomasi argues that free market fairness, with its twin commitment to economic liberty and a fair distribution of goods and opportunities, is a morally superior account of liberal justice. Free market fairness is also a distinctively American ideal. It extends the notion, prominent in America's founding period, that protection of property and promotion of real opportunity are indivisible goals. Indeed, according to Tomasi, free market fairness is social justice, American style.

Provocative and vigorously argued, Free Market Fairness offers a bold new way of thinking about politics, economics, and justice--one that will challenge readers on both the left and right.

Table of Contents

Acknowledgmentsp. ix
Introductionp. xi
Chapter 1 Classical Liberalismp. 1
Property and Equalityp. 1
Market Societyp. 6
Americap. 11
Hayekp. 16
Classical Liberalismp. 22
Chapter 2 High Liberalismp. 27
Property or Equalityp. 27
The Decline of Economic Libertyp. 32
Rawlsp. 37
The Libertarian Momentp. 46
Liberalismus Sapiens Sapiensp. 51
Chapter 3 Thinking the Unthinkablep. 57
The Great Fact: Economic Growthp. 57
Populism, Probability, and Political Philosophyp. 60
Economic Liberty and Democratic Legitimacyp. 68
Endings, and Beginnings, Toop. 84
Chapter 4 Market Democracyp. 87
The Conceptual Spacep. 87
Breaking Icep. 99
Market Democracy as a Research Programp. 103
Institutionsp. 106
The Challenges to Market Democracyp. 118
Chapter 5 Social Justicitisp. 123
The Distributional Adequacy Conditionp. 123
Hit Parade: Property and the Poorp. 127
Hayek's Critiquep. 142
Benadryl for Free-Marketeersp. 151
Chapter 6 Two Concepts of Fairnessp. 162
Warming up to Market Democracyp. 162
Applying the Theoryp. 172
The Argument Ipse Dixitp. 177
Justice as Fairness: Status or Agency?p. 180
Chapter 7 Feasibility, Normativity, and Institutional Guaranteesp. 197
The Twilight of Left Liberalism?p. 197
Realistic Utopianismp. 203
Aims and Guaranteesp. 215
Chapter 8 Free Market Fairnessp. 226
The Difference Principlep. 226
Fair Equality of Opportunityp. 237
Political Libertyp. 247
Generational, Environmental, and International Justicep. 254
Free Market Fairness as a Moral Idealp. 264
Conclusionp. 267
Notesp. 273
Bibliographyp. 315
Indexp. 333