Is There a Proper Scope for Markets?

Research output: Contribution to journalArticlepeer-review


Debra Satz’s brilliant essay highlights that it is insufficient to study markets in terms of efficiency and potential market failures, as they have deep effects on people and societies. This line of thought could inspire the project of building a general theory of social interactions, in which the specific properties of market transactions would be identified, and their influence on society at large, depending on the surrounding institutions and social structure, could be understood. In this brief essay, personal care provides an example of the complex ramifications of different arrangements for social interactions.

Original languageEnglish (US)
Pages (from-to)189-193
Number of pages5
Issue number1
StatePublished - Dec 1 2023
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Arts and Humanities (miscellaneous)
  • Social Sciences (miscellaneous)
  • Political Science and International Relations
  • History and Philosophy of Science


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