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|Title:||Can Individual Morality and Commercial Life be Reconciled?||Contributor(s):||Walsh, AJ (author) ; Lynch, AJ (author)||Publication Date:||2004||Handle Link:||https://hdl.handle.net/1959.11/654||Abstract:||Socialists and defenders of laissez-faire share the view that in the market agents pursue their self-interest, not the good of others. On this basis, socialists reject the market as an arena of immorality, while laissez-faire theorists attempt to defuse the charge by relying on the providential consequences of the "invisible hand." However, both stances presuppose a view of morality that too sharply separates self-interest and altruism. Some try to separate the economic and morality into discrete spheres. In contrast, a compatibilist account shows the ways a concern for personal profit and a concern for others can come together. Such a motivationalist approach allows one to re-conceive the "invisible hand." It is no longer a serendipitous justification of the merely self-interested, but an invitation to think of the various mixtures of altruism and self-interest required to produce those results that may commend the market.||Publication Type:||Journal Article||Source of Publication:||Journal of Interdisciplinary Studies, 16(1/2), p. 80-96||Publisher:||Institute for Interdisciplinary Research||Place of Publication:||Pasadena, CA USA||ISSN:||0890-0132||Field of Research (FOR):||220305 Ethical Theory||Peer Reviewed:||Yes||HERDC Category Description:||C1 Refereed Article in a Scholarly Journal||Other Links:||http://www.jis3.org/contents2004.htm||Statistics to Oct 2018:||Visitors: 236
|Appears in Collections:||Journal Article|
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