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Free Market Fairness$
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John Tomasi

Print publication date: 2012

Print ISBN-13: 9780691144467

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691144467.001.0001

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Free Market Fairness

Free Market Fairness

(p.226) Chapter 8 Free Market Fairness
Free Market Fairness

John Tomasi

Princeton University Press

This chapter defends a “market democratic” interpretation of justice as fairness that it calls free market fairness, with a particular focus on institutions. The discussion encompasses the difference principle, fair equality of opportunity, fair value of political liberties, and the rest of the first principle guarantee of basic liberties. Market democracy is explored in light of some secondary considerations of justice: the just savings principle, environmental justice, and duties of international aid. The chapter also examines how free market fairness interprets the component of justice as fairness in question and how that interpretation compares to John Rawls' social democratic interpretation. Finally, it asks whether market democratic regimes can satisfy the distributional requirements of free market fairness.

Keywords:   equality, free market fairness, institutions, difference principle, opportunity, market democracy, just savings principle, environmental justice, international aid, John Rawls

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