000			02803nam a22002057a 4500
999			_c2780 _d2780
005			20220630105657.0
008			220630b ||||| |||| 00| 0 eng d
020			_a9781316646571
082			_a174.4 _bNGY
100			_aNg, Yew-Kwang _97119
245			_aMarkets and morals: justifying kidney sales and legalizing prostitution
260			_bCambridge University Press _aNew York _c2019
300			_ax, 209 p.
365			_aGBP _b24.99
504			_aTable of Contents Preface Acknowledgements 1. Introduction 2. The well-known case of lateness fees 3. Extending economic analysis 4. The anti-market sentiment 5. The inequality/exploitation case against commodification is invalid 6. Repugnance? Similar to 'honour' killing 7. Crowding out or crowding in? 8. Market expansion is a mark of progress 9. The case for legalising kidney sales 10. Making presumed consent the default option 11. Blood donation 12. Prostitution Yan Wang and Yew-Kwang Ng 13. Conscription 14. Profiteering 15. Water: a typical case of under-pricing 16. Fines, imprisonment, or whipping? 17. Some specific areas 18. Concluding remarks.
520			_aConsidering efficiency, equality, and morality, this book argues for qualified market expansion, particularly in legalizing kidney sales and prostitution. Legalizing prostitution will benefit both men and women, as argued in a chapter jointly written with Yan Wang. Blood donation without monetary compensation can still result in adequate blood supply if schools educate children that blood donation can actually benefit a donor's health. As a society becomes more advanced, with higher incomes and a better educated populace, more activities can be subject to market exchange, with gradual popular acceptance. Without serious misinformation and irrationality, inequality/fairness as such cannot be a valid reason for limiting the scope of the market. The book supports the use of markets to increase efficiency while also increasing the effort to promote equality, making all income groups better off. Explores how kidney sales and legalized prostitution in particular would significantly increase social welfare while considering efficiency, equality and morality Extends economic analysis to include such effects as the possible crowding out of intrinsic motivation and morality in using the market, thus helping to reduce the anti-market sentiments that might be based on mistaken views Argues that the progression of society through higher degrees of division of labor, higher incomes, better education, more liberalism, and more understanding of economics will typically allow a wider scope for using markets
650			_aCapitalism--Moral and ethical aspects _95816
650			_aEconomics--Moral and ethical aspects _95483
942			_2ddc _cBK