Michael Bennett presenting at “Justice and Markets” conference
Michael will present his paper “Justifying the corporation (or not)” at a conference on “Justice and Markets” in Aarhus next month.
“The image of the market in theories of justice has derived primarily from welfare economics models of perfect competition or from libertarian natural rights to free contract. However, actually existing markets are overwhelmingly the creatures of corporations, and corporations enjoy special legal privileges which are nowhere to be found in these ideal models. With some exceptions, this has led political theorists to avoid looking at the most important institution in contemporary economies. This paper looks at the special privileges of corporations and asks which, if any, can be justified.”