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  1. Solidarity Among Strangers During Natural Disasters: How Economic Insights May Improve Our Understanding of Virtues.Alexander Reese & Ingo Pies - 2024 - The Journal of Ethics 28 (2):361-381.
    The renaissance of Aristotelian virtue ethics has produced an extensive philosophical literature that criticizes markets for a lack of virtues. Drawing on Michael Sandel’s virtue-ethical critique of price gouging during natural disasters, we (1) identify and clarify serious misunderstandings in recurring price-gouging debates between virtue-ethical critics and economists. Subsequently, (2) we respond to Sandel’s call for interdisciplinary dialogue. However, instead of solely calling on economics to embrace insights from virtue ethics, we prefer a two-sided version of interdisciplinary dialogue and argue (...)
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  • The Moral Limits of Market-Based Mechanisms: An Application to the International Maritime Sector.Jason Monios - 2023 - Journal of Business Ethics 187 (2):283-299.
    This paper questions the dominance of market-based mechanisms (MBMs) as the primary means of climate change mitigation. It argues that, not only they are unsuccessful on their own terms, but also they actually make the task more difficult by the unintended consequence of normalising the act of polluting and crowding out alternatives. The theoretical contribution of the paper is to draw a link between two bodies of literature. The first is the business ethics literature on the dominance of market-based rather (...)
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  • What Does Pricelessness Mean?Emilia Kaczmarek - 2022 - Journal of Value Inquiry 56 (3):469-484.
    The goal of this text is to elaborate the notion of pricelessness. The issue of pricelessness is distinguished from other important points in the Moral Limits of Markets debate. The proposition of the meaning of pricelessness is presented and discussed. I argue that the notion of pricelessness should not be identified with the notion of dignity or the highest value. The value which is a basis for the pricelessness claim does not have to be a moral value, the notion of (...)
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  • Where MLM Intersects MFA: Morally Suspect Goods and the Grounds for Regulatory Action.Jeff Frooman - 2021 - Business Ethics Quarterly 31 (1):138-161.
    The market failures approach to business ethics argues that economic theory regarding the efficient workings of a market can generate normative prescriptions for managerial behaviour. It argues that actions that inhibit Pareto optimal solutions are immoral. However, the approach fails to identify goods that should be regulated or prohibited from the market, something common to the moral limits to markets approach to business ethics. There are, however, numerous assumptions underlying Paretian efficiency, including some about the preferences of market participants. Trade (...)
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