Justifying the Market and its Limitation

  • Russell Keat


If one wishes to argue that there are certain activities which should be excluded, or at least protected, from the market, whilst by no means wishing to dispense with this altogether, one must clearly avoid using arguments which would actually imply its total rejection. For example, if one argues that cultural institutions should be protected from the market because of the damaging effects upon them of ‘consumer sovereignty’, one must show why it is that such damage is not done in (all) other cases, or at least that in these it matters much less.1 Arguments for market boundaries must be such that something remains to be bounded.


Consumer Good Common Good Cultural Institution Cultural Good Human Good 
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Copyright information

© Russell Keat 2000

Authors and Affiliations

  • Russell Keat
    • 1
  1. 1.University of EdinburghUK

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