What goals has liberalism pursued and why have they proved so controversial - Essay Example

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What goals has liberalism pursued and why have they proved so controversial

The ideally competitive market in economic theory, where economic representatives are fully informed and ideally rational, is a fiction. It is not in existence, nor is it even compared to, in the real economic practice.Yet this fiction influences greatly upon modern political theory. The tempting power of the ideal market grounds on its capacity to create elegant and disarmingly easy solutions to difficult problems. We can come to see, for example, how the uncoordinated activity of economic representatives can cause socially desired states of affairs (Moore 1993, 97). In much the same manner, the ideal market gets into normative political philosophy partially because it can be showed as illuminating essential values. Defenders of the market maintain we can get to know much about individual liberty, the encouragement of mutual advantage, and efficiency in the distribution of goods by studying it (Guathier 1986, 119). However, this cardinal limitation of the market for many theorists shows its supposed insensitivity to the demands of egalitarian justice (Ashley 2003, 112). This is partly because modern market societies demonstrate a great deal of social and economic inequality. However, egalitarians have also been inclined to suppose that there is an integral flaw in the ideal of a free market society (Berkowitz 1999, 140). In traditional left-wing critiques, the market has been showed as the opponent of equality on various grounds: it results exploitation; it causes alienation; it is an enemy of genuine freedom ...Show more

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The ideally competitive market in economic theory, where economic representatives are fully informed and ideally rational, is a fiction. It is not in existence, nor is it even compared to, in the real economic practice.Yet this fiction influences greatly upon modern political theory. …
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