Lecture: Ethics and Economics of Market Legitimacy - Details

Lecture: Ethics and Economics of Market Legitimacy - Details

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General information

Course name Lecture: Ethics and Economics of Market Legitimacy
Semester WiSe 2024/25
Current number of participants 8
maximum number of participants 20
Home institute VWL, insb. Wirtschaftsethik
Courses type Lecture in category Offizielle Lehrveranstaltungen
Preliminary discussion Tuesday, 08.10.2024 10:00 - 12:00, Room: Raum 122 (ehemals 29) [WiWi]
First date Tuesday, 08.10.2024 10:00 - 12:00, Room: Raum 122 (ehemals 29) [WiWi]
Participants Aufgrund des interaktiven Charakters der Veranstaltung ist die Teilnehmeranzahl auf 20 Studierende begrenzt. Das Auswahlverfahren wird in Stud.Ip geführt.

Die Platzvergabe erfolgt über ein Losverfahren im StudIP. Über das Ergebnis des Losverfahrens werden Sie spätestens am 03.10.2024 informiert.

Due to the interactive character of the course, the number of participants is limited to 20 students. The selection procedure is conducted in Stud.Ip.

The allocation of places takes place in StudIP by drawing lots. We will inform you about the result by 10/03/2024 at the latest.
Learning organisation During the semester, we will provide
a) An introductory presentation with details of the colloquium schedule, topics, and literature.
b) Relevant literature.
SWS 2

Module assignments

Comment/Description

In recent years, prominent academics like Elizabeth Anderson, Debra Satz or Michael Sandel have criticized the tendency of markets to commodify human relations. They argue that some things should not be for sale. They emphasize what money can’t buy. They call for limiting the extent of the market in modern society. In doing so, they argue from the vantage point of (an-cient, Aristotelian) virtue ethics. This has prompted critical reactions, both from economists and philosophers. Recently, Jason Brennan and Peter Jaworski devoted a whole book to repudiating and countering the numerous arguments by virtue ethicists. Interestingly, some economists like Jeff Clark und Dwight Lee as well as Luigino Bruni and Robert Sugden call for regarding the market as a virtuous zone, thus re-directing (and even correcting) traditional approaches to virtue ethics. – This course introduces the debate and examines the political relevance of the topic: Should kidneys be for sale? Should we legalize drugs? Should prostitution be prohibited? Should we restrict suicide assistance to not-for-profit organizations? Should we outlaw surrogate moth-erhood?


Literature:

Brennan, Jason und Peter M. Jaworski (2016): Markets Without Limits. Moral Virtues and Commercial Interests, New York und Abingdon: Taylor & Francis

Bruni, Luigino und Robert Sugden (2013): Reclaiming Virtue Ethics for Economics, in: Journal of Economic Perspectives 27(4), pp. 141–164.

Clark, Jeff R. und Dwight R. Lee (2011): Markets and Morality, in: Cato Journal 31(1), pp. 1–25.

Sandel, Michael (2009): Justice: What's the Right Thing to Do?, Farrar, Strauß and Giroux, New York, Chapter 1: Doing the Right Thing, pp. 3-30.

Sandel, Michael (2013): Market Reasoning as Moral Reasoning: Why Economists Should Re-engage with Political Philosophy, in: Journal of Economic Perspectives 27(4), pp. 121-140.

Admission settings

The course is part of admission "Beschränkte Teilnehmendenanzahl: Ethics and Economics of Market Legitimacy".
The following rules apply for the admission:
  • The enrolment is possible from 26.08.2024, 08:00 to 02.10.2024, 10:00.
  • A defined number of seats will be assigned to these courses.
    The seats in the affected courses have been assigned at 02.10.2024 on 23:59. Additional seats may be available via a wait list.