By Peter Koslowski
The e-book has topics, first the moral conception of the commercial order, and secondly the critique of sociobiology and its conception of evolution. the 1st half, the ethics of capitalism, analyzes the increase of capitalism and the company ethics and ethical concept of a capitalist monetary order in a point of view from philosophy and economics. the second one half, a critique of sociobiology, supplies a philosophical evaluate of sociobiology's contribution to the idea of the financial system and society and of its impression for metaphysics and a common global view. James M. Buchanan, Nobel prize winner in economics, discusses the 1st a part of the publication in his remark "The Morality of Capitalism".
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Additional info for Ethics of Capitalism and Critique of Sociobiology: Two Essays with a Comment by James M. Buchanan
45 THE ETHICS OF CAPITALISM tion and the oligopolistic power of the big firms. The fixation of prices according to demand and supply only removes all feudal privileges and causes a sociological equalization. On the other hand, it sets preferences and demand free of all social restraints or aesthetic criteria and allows parvenu luxury just as well as personal austerity. The market removes social barriers, on the one hand, and creates economic inequality, on the other hand, by the enormous accumulation of wealth as rewards for successful innovations or as quasi rents.
This understanding of freedom can be seen in Spencerism and social Darwinism. In western societies, freedom, understood as the ability to act according to self-chosen goals, is seen as an intrinsic value which has pushed other values, such as stability, calculability, and personal continuity into the background. The concept of freedom is bound up with the dialectic of frecdom and self-responsibility, without which a free capitalistic order is unthinkablc. This burden of freedom brings about the fact that a free economy cannot be, as it were, derived from efficiency criteria, but rather presupposes a moral will to freedom.
103 NOZICK (1974). 43 THE ETHICS OF CAPITALISM A continual, periodic equalization of the initial positions is for reasons of efficiency not possible and criteria for such a distribution are lacking. Natural differences cannot be redistributed. But one cannot, as Nozick has suggested lO4 , disqualify every conception of end state in a theory of justice with reference to the rules of the game. That would be the capitalistic reversal of the dictum, let justice be done, though the world perish (flat justitia ut pereat mundus), into the principle that the rules of the game must be obeyed, even when the chances in the game are very uneven, and even when the end results can be predicted and are trivial.