Document Type

Article

Article Version

Post-print

Publication Date

2011

Abstract

The authors argue that a free market paradigm facilitates wealth creation but does little to distribute that wealth in a just manner. In order to achieve the social goal of distributive justice, the concept of a fair market is introduced and explored. The authors then examine three drivers that can help improve the lives of all people, especially the poor: civil society, its institutions, and business. After exploring the roles these drivers might play in developing fair markets, we describe three enablers that serve as catalysts for change: the effects of globalization, the impact of technology, and the emergence of entrepreneurial activity. We conclude by making recommendations for establishing fair markets and provide exemplars of two firms that embody the arguments made in the article.

Comments

Copyright 2011 Springer-Verlag

The original publication is available at http://www.springerlink.com/content/x14741w71l25w046/

Publication Title

Journal of Business Ethics

Published Citation

Sud,Mukesh. & VanSandt, Craig V, (2012). “Of Fair Markets and Distributive Justice.” Journal of Business Ethics. 99 (Supplement 1), 131-142. DOI 10.1007/s10551-012-1230-9

DOI

10.1007/s10551-012-1230-9

Peer Reviewed

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