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ABSTRACT: The marketplace as an institution enjoys widespread popularity today. Many economists hold that most of society’s problems could be best solved by applying the market mechanism to them. Government, by contrast, is widely considered to be a problem rather than a solution. Some would like to see the government restructured along market lines so that policies would follow voter choice, as products follow that of consumers. Some, myself included, believe that a world in which all relationships are rendered matters of private choice would lack the 'public happiness' that comes from participation in public discourse and concerted action. In this paper I address what it would mean for the market to be truly public. A market that is truly public will discourage speculative investment so that managers of various firms can concentrate on the long term good of creating a social institution through which the concerted efforts of various stakeholders are coordinated. In this way, stakeholders can enrich the world through their work.

The market as an institution enjoys widespread popularity today. It is held by many economists, those of the Chicago School especially, that all social problems — crime, education, health care, and discrimination — are solvable by use of the market mechanism. (1) Politics and government, by contrast, are considered by many to be problems rather than solutions. Some today even seek public office precisely to prevent government from carrying on its functions, because they and their constituencies have lost faith in government and public life. These 'conservatives' believe that 'privatizing' government functions, by replacing public initiatives and agencies with private firms, will establish new freedom for people to act on market choices rather than to acquiesce in laws and administrative decisions reached through the political process. Others would reconstitute government in a more market-like way, so that political deliberation and decision should follow from 'public choices' as merchandisers follow the tastes and preferences of customers. For 'public choice' theorists, as well, the public character of politics should be replaced by the private decisions of voters/consumers on the options presented them by their erstwhile leaders. (2) The public character of life is being lost. Our society is being structured by the choices of citizens concerned with themselves and their families and acquaintances, rather than with the larger public, which is increasingly but an aggregate of private persons anyway.

Certainly, there are many who oppose privatizing public life. Some warn of the emergence of a society so deeply splintered along class lines that any sense of common good or national interest will be lost. (3) Some fear that an important aspect of human life — participation in creating a common world that transcends and outlives the individual — is being replaced by a straitened view of the world and of one's small place in it. I share this fear, and in this paper I want to address it by 本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。