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Value in ethics and economics

Cambridge, Mass.: Harvard University Press (1993)

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  1. Standing to Praise.Daniel Telech - forthcoming - European Journal of Philosophy.
    This paper argues that praise is governed by a norm of standing, namely the evaluative commitment condition. Even when the target of praise is praiseworthy and known to be so by the praiser, praise can be inappropriate owing to the praiser’s lacking the relevant evaluative commitment. I propose that uncommitted praisers lack the standing to praise in that, owing to their lack of commitment to the relevant value, they have not earned the right to host the co-valuing that is the (...)
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  • Exchange Relationships and the Environment: The Acceptability of Compensation in the Siting of Waste Disposal Facilities.Edmundo Claro - 2007 - Environmental Values 16 (2):187-208.
    Within siting literature there is strong agreement that compensation for environmental risks is a necessary condition for local acceptance of waste treatment facilities. In-kind compensation is commonly pushed forward as being more effective than financial benefits in reducing local opposition. By forcusing on the siting of a sanitary landfill in Santiago, Chile, this paper explores the performance of both types of compensation and relates the analysis to the notion of social norms of exchange. These are understood as being based on (...)
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  • Realms of Value: Conflicting Natural Resource Values and Incommensurability.Sarah Fleisher Trainor - 2006 - Environmental Values 15 (1):3-29.
    Divergent values are often at the heart of natural resource conflict. Using discord over the Grand Staircase-Escalante National Monument in southern Utah, U.S.A. as a case study, I propose that values are perceived as incommensurate because they reflect different realms, with which there exist distinct concepts of what it means to value and distinct, irreducible forms of value expression. I further argue that collaborative, discursive processes are one way to account for plural values in policy and decision making without requiring (...)
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  • Anthropocentrism vs. Nonanthropocentrism: Why Should We Care?Mcshane Katie - 2007 - Environmental Values 16 (2):169-186.
    Many recent critical discussions of anthropocentrism have focused on Bryan Norton's 'convergence hypothesis': the claim that both anthropocentric and nonanthropocentric ethics will recommend the same environmentally responsible behaviours and policies. I argue that even if we grant the truth of Norton's convergence hypothesis, there are still good reasons to worry about anthropocentric ethics. Ethics legitimately raises questions about how to feel, not just about which actions to take or which policies to adopt. From the point of view of norms for (...)
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  • The Evolutionary Debunker Meets Sentimental Realism.Mauro Rossi & Christine Tappolet - 2018 - In Giancarlo Marchetti & Sarin Marchetti (eds.), Facts and Values: The Ethics and Metaphysics of Normativity. London and New York: Routledge. pp. 176-195.
    In this paper, we propose a defence of Value Realism that relies on the unusual combination of Values Realism with Sentimentalism. What this account, which we call “Sentimental Realism”, holds, in a nutshell, is that what makes evaluative facts special is their relationship to emotions. More precisely, Sentimental Realism claims that evaluative facts are fully objective facts, but that such facts are picked out by concepts that are response-dependent, in the sense that they are essentially tied to emotions. Our plan (...)
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  • Psa 2018.Philsci-Archive -Preprint Volume- - unknown
    These preprints were automatically compiled into a PDF from the collection of papers deposited in PhilSci-Archive in conjunction with the PSA 2018.
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  • Embedding Values in Artificial Intelligence (AI) Systems.Ibo van de Poel - 2020 - Minds and Machines 30 (3):385-409.
    Organizations such as the EU High-Level Expert Group on AI and the IEEE have recently formulated ethical principles and (moral) values that should be adhered to in the design and deployment of artificial intelligence (AI). These include respect for autonomy, non-maleficence, fairness, transparency, explainability, and accountability. But how can we ensure and verify that an AI system actually respects these values? To help answer this question, I propose an account for determining when an AI system can be said to embody (...)
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  • Instrumental reasons.Niko Kolodny - 2018 - In Daniel Star (ed.), The Oxford Handbook of Reasons and Normativity. New York, NY, United States of America: Oxford University Press.
    Often our reason for doing something is an "instrumental reason": that doing that is a means to doing something else that we have reason to do. What principles govern this "instrumental transmission" of reasons from ends to means? Negatively, I argue against principles often invoked in the literature, which focus on necessary or sufficient means. Positively, I propose a principle, "General Transmission," which answers to two intuitive desiderata: that reason transmits to means that are "probabilizing" and "nonsuperfluous" with respect to (...)
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  • The Wrong Kind of Reasons.Nye Howard - 2017 - In Tristram Colin McPherson & David Plunkett (eds.), The Routledge Handbook of Metaethics. New York: Routledge. pp. 340-354.
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  • Environmental Heritage and the Ruins of the Future.Erich Hatala Matthes - 2019 - In Jeanette Bicknell, Carolyn Korsmeyer & Jennifer Judkins (eds.), Philosophical Perspectives on Ruins, Monuments, and Memorials. New York: Routledge.
    We now have good reason to worry that many coastal cities will be flooded by the end of the century. How should we confront this possibility (or inevitability)? What attitudes should we adopt to impending inundation of such magnitude? In the case of place-loss due to anthropogenic climate change, I argue that there may ultimately be something fitting about letting go, both thinking prospectively, when the likelihood of preservation is bleak, and retrospectively, when we reflect on our inability to prevent (...)
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  • Wanted: Positive Arguments for Markets.Jeffrey Moriarty - 2017 - Journal of Value Inquiry 51 (4):641-645.
    Many people believe that some things, like kidneys or sex, should not be for sale. Let us call these things “contested commodities.” Against this, Brennan and Jaworksi defend “markets without limits” (hereafter: MwL). According to this thesis: “If you may do it for free, you may do it for money” (2016, p. 10). Since we can give away our kidneys for free and have sex for free, we should be able to do these things for money. Brennan and Jaworksi deftly (...)
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  • Affective Forecasting and Substantial Self-Knowledge.Uku Tooming & Kengo Miyazono - 2023 - In Alba Montes Sánchez & Alessandro Salice (eds.), Emotional Self-Knowledge. New York, NY: Routledge. pp. 17-38.
    This chapter argues that our self-knowledge is often mediated by our affective self-knowledge. In other words, we often know about ourselves by knowing our own emotions. More precisely, what Cassam has called “substantial self-knowledge” (SSK), such as self-knowledge of one's character, one's values, or one's aptitudes, is mediated by affective forecasting, which is the process of predicting one's emotional responses to possible situations. For instance, a person comes to know that she is courageous by predicting her own emotional reactions to (...)
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  • Intrinsic Ethics Regarding Integrated Assessment Models for Climate Management.Erich W. Schienke, Seth D. Baum, Nancy Tuana, Kenneth J. Davis & Klaus Keller - 2011 - Science and Engineering Ethics 17 (3):503-523.
    In this essay we develop and argue for the adoption of a more comprehensive model of research ethics than is included within current conceptions of responsible conduct of research (RCR). We argue that our model, which we label the ethical dimensions of scientific research (EDSR), is a more comprehensive approach to encouraging ethically responsible scientific research compared to the currently typically adopted approach in RCR training. This essay focuses on developing a pedagogical approach that enables scientists to better understand and (...)
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  • Responding Appropriately to the Impersonal Good.Jörg Https://Orcidorg Löschke - 2019 - Ethical Theory and Moral Practice 22 (3):701-714.
    A promising strategy to make progress in the debate between consequentialist and non-consequentialist moral theories is to unravel the background assumptions of the respective views and discuss their plausibility. This paper discusses a background assumption of consequentialism that has not been noticed so far. Consequentialists claim that morality is about maximizing the impersonal good, and the background assumption is that an appropriate response to the impersonal good is necessarily a response to the impersonal good as a whole. In this paper, (...)
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  • What Roles Do Emotions Play in Morality?Antti Kauppinen - 2024 - In Andrea Scarantino (ed.), The Routledge Handbook of Emotion Theory. Routledge.
    This chapter offers an overview of four key debates about the roles of emotion in morality. First, many believe that emotions are an important psychological mechanism for explaining altruistic behavior and moral conscience in humans. Second, there is considerable debate about the causal role of affective reactions in moral judgment. Third, some philosophers have argued that emotions have a constitutive role in moral thought and even moral facts. Finally, philosophers disagree about whether affective influence undermines the justification of moral beliefs (...)
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  • Value, Fitting‐Attitude Account of.Wlodek Rabinowicz - 2013 - In Hugh LaFollette (ed.), The International Encyclopedia of Ethics. Hoboken, NJ: Blackwell.
    According to an influential tradition in value analysis, to be valuable is to be a fitting object of a pro-attitude – a fitting object of favoring. If it is fitting to favor an object for its own sake, then, in this view, the object has final value. If it is fitting to favor an object for the sake of its effects, then its value is instrumental. Disvalue is connected in the analogous way to disfavoring, i.e., to con-attitudes. For a history (...)
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  • Incommensurability (and incomparability).Ruth Chang - 2013 - In Hugh LaFollette (ed.), The International Encyclopedia of Ethics. Hoboken, NJ: Blackwell. pp. 2591-2604.
    This encyclopedia entry urges what it takes to be correctives to common (mis)understandings concerning the phenomenon of incommensurability and incomparability and briefly outlines some of their philosophical upshots.
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  • Bioethics Education and Nonideal Theory.Nabina Liebow & Kelso Cratsley - 2021 - In Elizabeth Victor & Laura K. Guidry-Grimes (eds.), Applying Nonideal Theory to Bioethics: Living and Dying in a Nonideal World. New York: Springer. pp. 119-142.
    Bioethics has increasingly become a standard part of medical school education and the training of healthcare professionals more generally. This is a promising development, as it has the potential to help future practitioners become more attentive to moral concerns and, perhaps, better moral reasoners. At the same time, there is growing recognition within bioethics that nonideal theory can play an important role in formulating normative recommendations. In this chapter we discuss what this shift toward nonideal theory means for ethical curricula (...)
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  • Correct Responses and the Priority of the Normative.Jennie Louise - 2009 - Ethical Theory and Moral Practice 12 (4):345-364.
    The ‘Wrong Kind of Reason’ problem for buck-passing theories (theories which hold that the normative is explanatorily or conceptually prior to the evaluative) is to explain why the existence of pragmatic or strategic reasons for some response to an object does not suffice to ground evaluative claims about that object. The only workable reply seems to be to deny that there are reasons of the ‘wrong kind’ for responses, and to argue that these are really reasons for wanting, trying, or (...)
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  • Animals and the Economy.Steven McMullen - 2016 - New York, NY]: Palgrave Macmillan.
    This book explores the economic institutions that determine the nature of animal lives as systematically exploited objects traded in a market economy. It examines human roles and choice in the system, including the economic logic of agriculture, experimentation, and animal ownership, and analyses the marginalization of ethical action in the economic system. -/- Animals and the Economy demonstrates that individual consumers and farmers are often left with few truly animal-friendly choices. Ethical participants in the economy must either face down an (...)
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  • A Moral Defense of Prostitution.Rob Lovering - 2021 - New York: Palgrave Macmillan.
    Is prostitution immoral? In this book, Rob Lovering argues that it is not. Offering a careful and thorough critique of the many―twenty, to be exact―arguments for prostitution's immorality, Lovering leaves no claim unchallenged. Drawing on the relevant literature along with his own creative thinking, Lovering offers a clear and reasoned moral defense of the world's oldest profession. Lovering demonstrates convincingly, on both consequentialist and nonconsequentialist grounds, that there is nothing immoral about prostitution between consenting adults. The legal implications of this (...)
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  • Rethinking expressive theories of punishment: why denunciation is a better bet than communication or pure expression.Bill Wringe - 2017 - Philosophical Studies 174 (3):681-708.
    Many philosophers hold that punishment has an expressive dimension. Advocates of expressive theories have different views about what makes punishment expressive, what kinds of mental states and what kinds of claims are, or legitimately can be expressed in punishment, and to what kind of audience or recipients, if any, punishment might express whatever it expresses. I shall argue that in order to assess the plausibility of an expressivist approach to justifying punishment we need to pay careful attention to whether the (...)
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  • Perspectives on the right to publish: Globalinequalities, digital publications, and thelegacy of revolutionary France. [REVIEW]William Wresch - 2003 - Ethics and Information Technology 5 (2):117-127.
    By 1789 the French Enlightenment had alreadyestablished that the rights of citizensincluded the right to speak, write, and printfreely. This right has since been enshrined invarious national and international documents,but remains elusive in much of the world. Oneway to consider these freedoms is to look notjust across the world comparing nations thathave or don''t have freedom, but back throughtime at the first effort to promulgate thesenew rights – the French Revolution. When theFrench Revolution created freedom of the pressin 1789, the (...)
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  • Spheres of Influence: A Walzerian Approach to Business Ethics.Andrew C. Wicks, Patricia H. Werhane, Heather Elms & John Nolan - 2020 - Journal of Business Ethics 174 (1):1-14.
    Michael Walzer is one of the most distinguished political philosophers and social critics of this century. His ideas have had great import and influence in political philosophy and political discussion, yet very few of his ideas have been incorporated explicitly into the business ethics literature. We argue that Walzer’s work provides an important conceptual canvas for business ethics scholars that has not been adequately explored. Scholars in business ethics often borrow from political theory and philosophy to generate new insights and (...)
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  • Aesthetic Reasons and the Demands They (Do Not) Make.Daniel Whiting - 2021 - Philosophical Quarterly 71 (2):407-427.
    What does the aesthetic ask of us? What claims do the aesthetic features of the objects and events in our environment make on us? My answer in this paper is: that depends. Aesthetic reasons can only justify feelings – they cannot demand them. A corollary of this is that there are no aesthetic obligations to feel, only permissions. However, I argue, aesthetic reasons can demand actions – they do not merely justify them. A corollary of this is that there are (...)
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  • Review of Michael Sandel’s What money can’t buy: the moral limits of markets. [REVIEW]Thomas R. Wells - 2014 - Erasmus Journal for Philosophy and Economics 7 (1):138-149.
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  • Markets with Some Limits.Mark Wells - 2017 - Journal of Value Inquiry 51 (4):611-618.
    In several works, Jason Brennan and Peter Martin Jaworski defend the following thesis: If it is permissible to have, use, or exchange something for free, then it is permissible to have, use, or exchange that thing for money. In this paper, I argue that No Limits is false. Moreover, the reasons why it is false reflect many of the complaints made against markets. The paper will proceed as follows: In §1, I summarize Brennan and Jaworski’s position to clarify exactly what (...)
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  • This Sporting Mammon: A Normative Critique of the Commodification of Sport.Adrian J. Walsh & Richard Giulianotti - 2001 - Journal of the Philosophy of Sport 28 (1):53-77.
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  • Scientific Imperialism and the Proper Relations between the Sciences.Steve Clarke & Adrian Walsh - 2009 - International Studies in the Philosophy of Science 23 (2):195-207.
    John Dupr argues that 'scientific imperialism' can result in 'misguided' science being considered acceptable. 'Misguided' is an explicitly normative term and the use of the pejorative 'imperialistic' is implicitly normative. However, Dupr has not justified the normative dimension of his critique. We identify two ways in which it might be justified. It might be justified if colonisation prevents a discipline from progressing in ways that it might otherwise progress. It might also be justified if colonisation prevents the expression of important (...)
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  • Smuggled into Existence: Nonconsequentialism, Procreation, and Wrongful Disability. [REVIEW]Nicholas Vrousalis - 2013 - Ethical Theory and Moral Practice 16 (3):589-604.
    The wrongful disability problem arises whenever a disability-causing, and therefore (presumptively) wrongful, procreative act is a necessary condition for the existence of a person whose life is otherwise worth living. It is a problem because it seems to involve no harm, and therefore no wrongful treatment, vis-à-vis that person. This essay defends the nonconsequentialist, rights-based, account of the wrong-making features of wrongful disability. It distinguishes between the person-affecting restriction, roughly the idea that wrongdoing is always the wronging of some person, (...)
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  • Consequentialism and rational choice: Lessons from the Allais paradox.Bruno Verbeek - 2008 - Pacific Philosophical Quarterly 89 (1):86–116.
    This paper investigates the relation between consequentialism, as conceived of in moral theory, and standard expected utility theory. I argue that there is a close connection between the two. I show furthermore that consequentialism is not neutral with regard to the values of the agent. Consequentialism, as well as standard expected utility theory, is incompatible with the recognition of considerations that depend on what could have been the case, such as regret and disappointment. I conclude that consequentialism should be rejected (...)
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  • Love as a moral emotion.J. David Velleman - 1999 - Ethics 109 (2):338-374.
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  • What is social hierarchy?Han van Wietmarschen - 2021 - Noûs 56 (4):920-939.
    Under which conditions are social relationships hierarchical, and under which conditions are they not? This article has three main aims. First, I will explain what this question amounts to by providing a more detailed description of the general phenomenon of social hierarchy. Second, I will provide an account of what social hierarchy is. Third, I will provide some considerations in favour of this account by discussing how it improves upon three alternative ways of thinking about social hierarchy that are sometimes (...)
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  • Defining respectful leadership: What it is, how it can be measured, and another glimpse at what it is related to.Niels van Quaquebeke & Tilman Eckloff - 2010 - Journal of Business Ethics 91 (3):343-358.
    Research on work values shows that respectful leadership is highly desired by employees. On the applied side, however, the extant research does not offer many insights as to which concrete leadership behaviors are perceived by employees as indications of respectful leadership. Thus, to offer such insights, we collected and content analyzed employees’ narrations of encounters with respectful leadership ( N 1 = 426). The coding process resulted in 19 categories of respectful leadership spanning 149 leadership behaviors. Furthermore, to also harness (...)
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  • From an axiological standpoint.Miles Tucker - 2018 - Ratio 32 (2):131-138.
    I maintain that intrinsic value is the fundamental concept of axiology. Many contemporary philosophers disagree; they say the proper object of value theory is final value. I examine three accounts of the nature of final value: the first claims that final value is non‐instrumental value; the second claims that final value is the value a thing has as an end; the third claims that final value is ultimate or non‐derivative value. In each case, I argue that the concept of final (...)
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  • Competitive Equilibrium and the Social Ethos: Understanding the Inegalitarian Dynamics of Liberal Market Economies.Euclid Tsakalotos - 2007 - Politics and Society 35 (3):427-446.
    Economic explanations of inequality in liberal economies often appeal to social norms. This article argues that recent economic policies and institutional interventions, in favor of deregulation and away from participatory practices in both the political and economic spheres, have elicited norms that increasingly resemble those of the economic theory that has informed these interventions. This has altered the social ethos in an inegalitarian direction—individuals are more likely to conceive of themselves as acquisitive maximizers in their daily life, and there has (...)
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  • Practical rationality for pluralists about the good.Chappell Timothy - 2003 - Ethical Theory and Moral Practice 6 (2):161-177.
    I argue that if a normative theory of practical rationality is to represent an adequate and coherent response to a plurality of incommensurable goods, it cannot be a maximising theory. It will have to be a theory that recognises two responses to goods as morally licit – promotion and respect – and one as morally illicit – violation. This result has a number of interesting corollaries, some of which I indicate. Perhaps the most interesting is that it makes the existence (...)
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  • Buying and Selling Friendship.James Stacey Taylor - 2019 - American Philosophical Quarterly 56 (2):187-202.
    It is widely believed that the nature of love and friendship precludes them from being bought or sold. It will be argued in this paper that this view is false: There is no conceptual bar to the commodification of love and friendship. The arguments offered for this view will lead to another surprising conclusion: That these goods are asymmetrically alienable goods, goods whose nature is such that separate arguments must be provided for the views that they can be bought and (...)
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  • Through thick and thin: good and its determinates.Christine Tappolet - 2004 - Dialectica 58 (2):207-221.
    What is the relation between the concept good and more specific or ‘thick’ concepts such as admirable or courageous? I argue that good or more precisely good pro tanto is a general concept, but that the relation between good pro tanto and the more specific concepts is not that of a genus to its species. The relation of an important class of specific evaluative concepts, which I call ‘affective concepts’, to good pro tanto is better understood as one between a (...)
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  • À la rescousse du platonisme moral.Christine Tappolet - 2000 - Dialogue 39 (3):531-556.
    Moral platonism, the claim that moral entities are both objective and prescriptive, is generally thought to be a dead end. In an attempt to defend a moderate form of moral platonism or more precisely platonism about values, I first argue that several of the many versions of this doctrine are not committed to ontological extravagances. I then discuss an important objection due to John McDowell and developed by Michael Smith, according to which moral platonism is incoherent. I argue that objectivism (...)
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  • Transactional sex and the ‘aristo’ phenomenon in Nigerian universities.Oludayo Tade & Adeshewa Adekoya - 2012 - Human Affairs 22 (2):239-255.
    ‘Aristocratic’ transactional relationships are widespread in Nigerian universities. Nigerian cultures positively sanction repressive sexual activities among single unmarried adolescents until the wedding night. Modernity has confronted this cultural prescription, as youths, particularly girls, engage in transactional exchange in different contexts. However, the literature on transactional sex in the ivory towers is not rich enough on client recruitment and management among female undergraduates in Nigeria. This study utilised in-depth interviews to collect data from 30 purposively selected female undergraduates. Findings show that (...)
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  • Veritism Unswamped.Kurt Sylvan - 2018 - Mind 127 (506):381-435.
    According to Veritism, true belief is the sole fundamental epistemic value. Epistemologists often take Veritism to entail that all other epistemic items can only have value by standing in certain instrumental relations—namely, by tending to produce a high ratio of true to false beliefs or by being products of sources with this tendency. Yet many value theorists outside epistemology deny that all derivative value is grounded in instrumental relations to fundamental value. Veritists, I believe, can and should follow suit. After (...)
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  • Truth monism without teleology.Kurt Sylvan - 2012 - Thought: A Journal of Philosophy 1 (3):161-163.
    Some say the swamping problem confronts all who believe that true belief is the sole fundamental epistemic value. This, I say, is mistaken. The problem only confronts T-Monists if they grant two teleological claims: that all derived epistemic value is instrumental, and that it is the state of believing truly rather than the standard of truth in belief that is fundamentally epistemically valuable. T-Monists should reject and, and appeal to a non-teleological form of value derivation I call Fitting Response Derivation (...)
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  • Respect and the reality of apparent reasons.Kurt L. Sylvan - 2021 - Philosophical Studies 178 (10):3129-3156.
    Rationality requires us to respond to apparent normative reasons. Given the independence of appearance and reality, why think that apparent normative reasons necessarily provide real normative reasons? And if they do not, why think that mistakes of rationality are necessarily real mistakes? This paper gives a novel answer to these questions. I argue first that in the moral domain, there are objective duties of respect that we violate whenever we do what appears to violate our first-order duties. The existence of (...)
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  • An Epistemic Non-Consequentialism.Kurt L. Sylvan - 2020 - The Philosophical Review 129 (1):1-51.
    Despite the recent backlash against epistemic consequentialism, an explicit systematic alternative has yet to emerge. This paper articulates and defends a novel alternative, Epistemic Kantianism, which rests on a requirement of respect for the truth. §1 tackles some preliminaries concerning the proper formulation of the epistemic consequentialism / non-consequentialism divide, explains where Epistemic Kantianism falls in the dialectical landscape, and shows how it can capture what seems attractive about epistemic consequentialism while yielding predictions that are harder for the latter to (...)
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  • Strategies for Making Feminist Philosophy Mainstream Philosophy.Anita Superson - 2011 - Hypatia 26 (2):410-418.
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  • Deformed desires and informed desire tests.Anita Superson - 2000 - Hypatia 20 (4):109-126.
    : The formal theory of rational choice as grounded in desire-satisfaction cannot account for the problem of such deformed desires as women's slavish desires. Traditional "informed desire" tests impose conditions of rationality, such as full information and absence of psychoses, but do not exclude deformed desires. I offer a Kantian-inspired addendum to these tests, according to which the very features of deformed desires render them irrational to adopt for an agent who appreciates her equal worth.
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  • Deformed Desires and Informed Desire Tests.Anita Superson - 2000 - Hypatia 20 (4):109-126.
    The formal theory of rational choice as grounded in desire-satisfaction cannot account for the problem of such deformed desires as women's slavish desires. Traditional “informed desire” tests impose conditions of rationality, such as full information and absence of psychoses, but do not exclude deformed desires. I offer a Kantian-inspired addendum to these tests, according to which the very features of deformed desires render them irrational to adopt for an agent who appreciates her equal worth.
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  • Reasons and value – in defence of the buck-passing account.Jussi Suikkanen - 2005 - Ethical Theory and Moral Practice 7 (5):513 - 535.
    In this article, I will defend the so-called buck-passing theory of value. According to this theory, claims about the value of an object refer to the reason-providing properties of the object. The concept of value can thus be analyzed in terms of reasons and the properties of objects that provide them for us. Reasons in this context are considerations that count in favour of certain attitudes. There are four other possibilities of how the connection between reasons and value might be (...)
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  • Team Reasoning and Intentional Cooperation for Mutual Benefit.Robert Sugden - 2014 - Journal of Social Ontology 1 (1):143–166.
    This paper proposes a concept of intentional cooperation for mutual benefit. This concept uses a form of team reasoning in which team members aim to achieve common interests, rather than maximising a common utility function, and in which team reasoners can coordinate their behaviour by following pre-existing practices. I argue that a market transaction can express intentions for mutually beneficial cooperation even if, extensionally, participation in the transaction promotes each party’s self-interest.
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