While it may be accepted that a market economy generates a level of prosperity that no other economic system can match, as noted in the previous chapter ethical objections may be raised as to how that wealth is distributed. It is undoubtedly the case that the unprecedented material wealth that a market economy produces is distributed unequally. The market will produce multi-millionaires such as Microsoft founder Bill Gates and Rolling Stones frontman Mick Jagger who are able to enjoy a lifestyle that the great majority of their contemporaries will never attain.
KeywordsMarket Economy Procedural Justice Private Property Economic Freedom Market Process
Unable to display preview. Download preview PDF.