Morality, Market, and Allocation of Resources

Main researcher:
Martin Brabec, PhD.
Institute of Philosophy

In contemporary society, the key mechanism for allocation of scarce goods is the market. Defenders of market emphasize its role in assuring informations for economic agents as well as just distribution of rewards according to merit. These positive consequences of market lead to effective economic coordination of society. But they overlook the tendency of market economies to devolve into market societies – places where everything is up for sale, and where market values and market relations invade every aspect of life. Consequently, in our research we will focus on issues of moral limits of market. On the one hand where is the market allocation of goods appropriate, and on the other hand where should be the market influence prohibited and for what reasons? We will also focus on the issues of corrosive effects of the market. Market relations sometimes crowd out non-market norms and have the corrosive effect on family life, personal relations, health, education, criminal justice, and civic life.