In this hard-hitting but measured and carefully reasoned book, Burke contends that the economic marketplace should be completely free from government regulation, except for third-party effects, such as the environment.
No Harm illuminates the economic issues with insightful emphasis on the moral dimension. Using the Principle of Mutual Benefit and the Principle of No Harm, both developed in much detail, together with an analysis of the concept of causality, Burke shows it is a requirement of justice that governments allow buyers and sellers the freedom to make whatever agreements they wish, so long as they do not harm others.
The most plausible explanation for the economic problems besetting America, is that they stem from essentially the same cause as that which brought about the demise of the Soviet Union: excessive governmental intervention in economic life. The remedy prescribed from that diagnosis would be a completely free market, a laissez-faire economy, freedom of contract. But American opinion makers reject this view because of its ethical implications. No Harm makes the case that market freedom is a requirement of sound ethics.
As Fred Miller responded, "Burke offers compelling arguments that the free market is not only more efficient, but is morally superior to central planning and regulation." No Harm fulfills the need to ground the free market economy in ethics and philosophy.
What people are saying - Write a review
We haven't found any reviews in the usual places.
The Liberal Society
The Principle of Mutual Benefit
Is the Market Imperfect?
7 other sections not shown
action Adam Smith agreement argued argument behavior believe benefit Brown cause harm Chapter classical liberal coercion coercive competition concept contract crime death drug economic value effect employer enforced equality example exchange exchange value F. H. Bradley fact factors Feinberg force and fraud free market freedom of religion genuine H. L. A. Hart human rights idea impose individual inequality Joel Feinberg John Rawls Jones justice justified kind labor legislation liberal society market failure means merely modern liberal monopoly moral nation necessary condition needs nomic object obligation offense particular party penalties perhaps person physical force political position possess possible prevent principle protection question reason refuse regulation responsible restrictions result Robert Nozick sell sense simply Smith social someone suffer sufficient condition theory things threatening tion trade true typically use-value voluntary wage workers