Free market fairness

381 Pages·2017·6.961 MB·English

by  Tomasi, John

Free Market Fairness

Free Market Fairness
John Tomasi
Princeton University Press
Princeton and oxFord
copyright © 2012 by Princeton University Press
Published by Princeton University Press,
41 William street, Princeton, new Jersey 08540
in the United Kingdom: Princeton University Press,
6 oxford street, Woodstock, oxfordshire ox20 1tW
press.princeton.edu
all rights reserved
Fifth printing, and first paperback printing, 2013
Paperback isBn 978-0-691-15814-3
the Library of congress has cataloged the cloth edition
of this book as follows
tomasi, John, 1961–
Free market fairness / John tomasi.
p. cm.
includes bibliographical references and index.
isBn 978-0-691-14446-7 (hbk.)
1. Liberalism. 2. equality. 3. Liberty. 4. capitalism. 5. Free enterprise.
i. title.
Jc574.t657 2012
330.12'2—dc23
2011037125
British Library cataloging- in- Publication data is available
this book has been composed in Palatino Lt std
Printed on acid- free paper. ∞
Printed in the United states of america
5 7 9 10 8 6
Capitalismus sine stercore tauri.

Contents
Acknowledgments ix
Introduction xi
Chapter 1
Classical Liberalism 1
Property and equality 1
Market society 6
america 11
Hayek 16
classical Liberalism 22
Chapter 2
High Liberalism 27
Property or equality 27
the decline of economic Liberty 32
rawls 37
the Libertarian Moment 46
Liberalismus sapiens sapiens 51
Chapter 3
Thinking the Unthinkable 57
the Great Fact: economic Growth 57
Populism, Probability, and Political Philosophy 60
economic Liberty and democratic Legitimacy 68
endings, and Beginnings, too 84
Chapter 4
Market Democracy 87
the conceptual space 87
Breaking ice 99
Market democracy as a research Program 103
institutions 106
the challenges to Market democracy 118
viii  •  Contents
Chapter 5
Social Justicitis 123
the distributional adequacy condition 123
Hit Parade: Property and the Poor 127
Hayek’s critique 142
Benadryl for Free-M arketeers 151
Chapter 6
Two Concepts of Fairness 162
Warming up to Market democracy 162
applying the theory 172
the argument ipse dixit 177
Justice as Fairness: status or agency? 180
Chapter 7
Feasibility, Normativity, and Institutional Guarantees 197
the twilight of Left Liberalism? 197
realistic Utopianism 203
aims and Guarantees 215
Chapter 8
Free Market Fairness 226
the difference Principle 226
Fair equality of opportunity 237
Political Liberty 247
Generational, environmental, and international Justice 254
Free Market Fairness as a Moral ideal 264
Conclusion 267
Notes 273
Bibliography 315
Index 333
Acknowledgments
Many colleagues, students, and friends helped me write this
book, including: sahar akhtar, Larry alexander, richard
arneson, Bas van der Bassan, anthony Bedami, Zack Beauchamp,
Barbara Buckinx, steve calabresi, yvonne chiu, tom christiano,
Mark cladis, ross corbett, dina egge, Michael Frazer, Bill Galston,
Jerry Gaus, scott Gerber, alex Gourevitch, charles Griswold,
Leigh Jenco, Kate Johnson, Laura Joyce, Mark Koyama, chandran
Kukathas, Mark LeBar, Hugh Lazenby, Helene Landemore, Brink
Lindsey, Loren Lomasky, roderick Long, Minh Ly, Matthew Lyddon,
John Mccormick, david Mcilroy, eric Mack, Jim Morone, emily
nacol, Jan narveson, Michael novak, carlos ormachea, carmen
Pavel, Philip Pettit, John Phillips, Jeppe von Platz, dennis
rasmussen, danny shapiro, Paul starr, annie stilz, Jason swadley,
adam tebble, George thomas, scott turcotte, chad van schoelandt,
debra satz, doug den Uyl, Keven vallier, andrew volmert,
steve Wall, Greg Weiner, dan Wewers, Will Wilkinson, and Matt
Zwolinkski.
among the many who sent written comments, several merit
separate thanks: samuel Freeman, david schmidtz, steve Macedo,
richard arneson, Jacob Levy, tom spragens, danny shapiro, and
two anonymous reviewers for the Press. i have special debts to Free-
man and schmidtz. From different political perspectives, sam and
dave encouraged this project from the start. that has long seemed
significant to me.
Brown University is a special place to think and write about politi-
cal philosophy. i thank my colleagues david estlund, sharon Krause,
corey Brettschneider, and charles Larmore for their suggestions
and friendship. the postdoctoral fellows in Brown’s Political the-
ory Project have been a source of energy and ideas. Keith Hankins
and Jason swadley, Phd candidates at the University of arizona and
Brown respectively, were diligent and creative research assistants.
Jason Brennan has been my neighbor in the Political theory Project
throughout the years i wrote this book. i understand the state of our
discipline far better because of my daily conversations with Jay. More
than colleagues, Jay and i have been intellectual coconspirators: clas-
sical liberals who see the need for change. i thank him.