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Inventing the MarketSmith, Hegel, and Political Theory$
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Lisa Herzog

Print publication date: 2013

Print ISBN-13: 9780199674176

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199674176.001.0001

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Freedom, Freedoms, and the Market

Freedom, Freedoms, and the Market

(p.119) 6 Freedom, Freedoms, and the Market
Inventing the Market

Lisa Herzog

Oxford University Press

This chapter discusses the market’s relation to different notions and aspects of freedom. Markets are often described as place of negative liberty, but for Smith and Hegel they are also related to other, more ‘positive’ aspects of freedom. Markets offer both opportunities and risks for freedom understood as personal autonomy. For Smith, markets also help to secure freedom in the republican sense of living as a free citizen under the rule of law. For Hegel, in contrast, the freedom of belonging to a just society the principles of which one can endorse is threatened by markets, and needs to be secured by the political state. These different notions of freedom thus hang together in multiple ways, and need to be discussed within their social contexts, one of which is the market.

Keywords:   Freedom, autonomy, authenticity, consumerism, stability, political participation

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