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https://hdl.handle.net/1959.11/654
Title: | Can Individual Morality and Commercial Life be Reconciled? | Contributor(s): | Walsh, AJ (author) ; Lynch, AJ (author) | Publication Date: | 2004 | Handle Link: | https://hdl.handle.net/1959.11/654 | Abstract: | Socialists and defenders of laissez-faire share the view that in the market agents pursue their self-interest, not the good of others. On this basis, socialists reject the market as an arena of immorality, while laissez-faire theorists attempt to defuse the charge by relying on the providential consequences of the "invisible hand." However, both stances presuppose a view of morality that too sharply separates self-interest and altruism. Some try to separate the economic and morality into discrete spheres. In contrast, a compatibilist account shows the ways a concern for personal profit and a concern for others can come together. Such a motivationalist approach allows one to re-conceive the "invisible hand." It is no longer a serendipitous justification of the merely self-interested, but an invitation to think of the various mixtures of altruism and self-interest required to produce those results that may commend the market. | Publication Type: | Journal Article | Source of Publication: | Journal of Interdisciplinary Studies, 16(1/2), p. 80-96 | Publisher: | Institute for Interdisciplinary Research | Place of Publication: | Pasadena, United States of America | ISSN: | 0890-0132 | Fields of Research (FoR) 2008: | 220305 Ethical Theory | Peer Reviewed: | Yes | HERDC Category Description: | C1 Refereed Article in a Scholarly Journal | Publisher/associated links: | http://www.jis3.org/contents2004.htm |
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Appears in Collections: | Journal Article |
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