Paganelli, Maria Pia
Erasmus journal for philosophy and economics,
04/2020, Letnik:
13, Številka:
1
Journal Article
Paganelli determines whether markets corrupt our morals. She argues that the problem lies in the interpretation of who constitutes "our". Markets do corrupt a set of morals present in non-commercial societies. But markets replace those morals with a different set of morals. So, it is not that markets crowd out virtues, leaving a vacuum, but that markets substitute a set of virtues with another set of virtues. In this sense, markets both corrupt morals and help us become moral. Both statements are correct, because "our morals" may not be a fixed set of morals, but different sets of morals.
