Capitalism, but Better?
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Debates about justice in political philosophy often ask which distributive end state is normatively desirable. The economic mechanisms that generate the ‘pie’ that is to be distributed are usually left unexplored. Mark R. Reiff’s new book, in contrast, asks what justice means within economic processes, and how changes in the framework of the economy could lead to more justice, including justice in the distributive sense. As such, Reiff’s account is in a line with other recent accounts such as Dietsch’s (2010) discussion of competition and its effects on distribution, or the debates about property-owning democracy (see notably O’Neill and Williamson 2012); these are all attempts to open up the ‘black box’ of markets, as Dietsch (2010, 214) puts it, and to think about justice before or while the pie is being baked.
Reiff returns to an age-old idea: the idea of a just price, which he revives by developing a highly original account of exploitation as the use of intolerably unfair prices....
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