1. Can Markets Be Moral? -- 2. Markets as Monsters -- 3. Markets as Unintentionally Moral Wealth Creators -- 4. People Can Improve Their Lives Through Markets -- 5. Markets Are Moral Spaces -- 6. Markets Are Moral Training Grounds -- 7. What If Markets Are Really Moral?

Critics of the market worry that as it expands the communal sphere declines. They also worry that the market encourages vice and has little or no scope for virtue. As I argue, however, the critics fail to realize that the market is a social space where commercial as well as social bonds are...

Market skeptics have persuasively argued that the market is a social arena that is not simply amoral but that has negative moral consequences. Market apologists have offered two basic responses to this kind of charge: that the market is amoral and that it transforms private vice into public...

Since at least Max Weber, social scientists have looked closely at the nexus between markets and cities. Weber believed that cities and markets were inextricably linked. In his seminal work Economy & Society, for instance, Weber ([1921] 1978, p. 1213) describes the city as a market settlement....

Market supporters have consistently emphasized that markets make it so that self-interested or even greedy individuals can only help themselves by serving their fellow men and women. This channeling of self-interest away from predation and toward profit seeking explains why market economies tend...