In this paper, we challenge the usual argument which says that competition is a fair mechanism because it ranks individuals according to their relative preferences between effort and leisure. This argument, we claim, is very insuficient as a justification of fairness in competiton, and we show...

In less than fifteen years, the world has experienced the worst financial crisis since the 1930’s, the worst global pandemic since the flu in 1918, and the largest war fought since the Second World War. This manuscript argues that these crises are not isolated events. The main thesis is that...

Within the context of the New Economic Sociology, Karl Polanyi is almost universally considered the “father” of the concept of embeddedness. However, this concept has been subject to selective appropriation by this discipline and its relationship to the remaining theoretical edifice...

Within the context of the New Economic Sociology, Karl Polanyi is almost universally considered the “father” of the concept of embeddedness. However, this concept has been subject to selective appropriation by this discipline and its relationship to the remaining theoretical edifice...

We consider abstract social systems of private property, made of n individuals endowed with non-paternalistic interdependent preferences, who interact through exchanges on competitive markets and Pareto-efficient lumpsum transfers. The transfers follow from a distributive liberal social contract...

Most contemporary moral defenses of capitalism rely on ideas drawn from the modern philosophic tradition that emerged in the 17th-18th centuries. Almost always, advocates of a free market society have either invoked the notion of a social contract, a theory of natural rights, the insistence that...

Economics instructors who start their courses with abstract concepts, definitions, charts, and astronomical numbers often miss the invaluable first-impression opportunity. This paper addresses the lack of appropriate gateway-transitional-interdisciplinary concepts in introductory economics...

In this article, we examine the doctrine of providence to see if the market system used by the United States and many other industrial nations can be thought of as part of God's providential care. The doctrine of providence concerns the preservation and direction of the universe. Theologians...

A análise da economia enquanto processo instituído, proposta por Polanyi, concretiza-se no estudo dos padrões institucionais que esta pode assumir empiricamente: reciprocidade, redistribuição e troca mercantil. Esta última – corporizada num sistema de mercados autorregulados – apenas...