Economics Dictionary of ArgumentsHome | |||
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Markets: A market in economics is a physical or virtual place where buyers and sellers come together to exchange goods and services. Markets allow people to specialize in different areas of production, they provide competition, and promote innovation. See also Competition, Progress, Economy, Goods, Exchange, Trade, Innovation._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
Author | Concept | Summary/Quotes | Sources |
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John Rawls on Markets - Dictionary of Arguments
I 270 Markets/Rawls: To what extent are economic regulations subject to markets with free pricing based on supply and demand? Problem: Goods that promise a higher profit are produced in higher quantities. I 271 A fundamental characteristic of a social order is the degree to which the total wealth of a state (national wealth) is spent on the preservation of society, protection against disruptions and the prosperity of future generations ((s) e.g. education). >Education. Problem: a savings rate can be fixed politically, while decisions on the channeling of funds are taken at private level. This can be the case in both privately organized and socialist systems. I 361 Markets/legislation/Rawls: a difference between markets and the legislative process is that the relative strength of different needs is taken into account in the ideal market process. This is not the case in the legislative process. >Legislation/Rawls. Stronger beliefs are not given greater weight here._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Rawl I J. Rawls A Theory of Justice: Original Edition Oxford 2005 |