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Philosophy Bites

John Tomasi on Free Market Fairness

Philosophy Bites

Nigel Warburton

Education, Philosophy, Society & Culture

4.62K Ratings

🗓️ 16 June 2012

⏱️ 18 minutes

🧾️ Download transcript

Summary

Is free market fairness an oxymoron? John Tomasi, author of Free Market Fairness, argues that economic freedom and social justice are compatible. In this episode of the Philosophy Bites podcast he explains his position in conversation with Nigel Warburton. Philosophy Bites is made in association with the Institute of Philosophy.

Transcript

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0:00.0

This is made in philosophy bites with me David Edmonds and me Nigel Warburton.

0:06.0

Philosophy bites is available at www

0:09.0

philosophy bites.com.

0:11.0

Philosophy bites is made in association with the Institute of Philosophy.

0:15.0

We've already had Philosophy Bites interviews about two leading political theorists of the 20th century,

0:20.0

who've always been seen as being in opposing camps.

0:23.0

In the right corner, Friedrich Hayek, an inspiration to Margaret Thatcher.

0:28.0

In the left, John Rules, who argued that economic breaks for the best off were only justified if they had beneficial effects

0:34.9

on the most disadvantaged members of society.

0:38.3

But John Tom Massey believes we can and should combine elements from both thinkers. The left is rightly stressed that a just

0:44.3

society should look after its poorest and that all citizens should have some basic liberties,

0:49.4

the liberty of conscience for example and the right to vote. But according to Tomassie there's a set of

0:54.6

liberties, economic liberties, which are fundamental to how our lives go and which the

0:59.6

left has failed to appreciate. John Tomassasi, welcome to Philosophy Bites.

1:03.9

Thank you, Nigel.

1:04.6

Happy to be here.

1:06.0

The topic we're going to focus on is free market fairness.

1:09.3

We're talking about economic freedoms.

1:11.7

A lot of people think there's a fundamental conflict between having a free market of any kind and fairness at all.

1:19.0

Yes, I think many people think that free market fairness is an oxymoron, but I don't think that. I think that free markets are a kind of fairness.

1:28.0

That we decide what fairness is not by asking what markets produce, but by having philosophical arguments.

1:33.8

And those philosophical arguments result

...

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