Markets and Morals: Justifying Kidney Sales and Legalizing Prostitution
Cambridge University Press, 2/28/2019
EAN 9781316646571, ISBN10: 1316646572
Paperback, 220 pages, 22.8 x 15.1 x 1.2 cm
Language: English
Considering efficiency, equality, and morality, this book argues for qualified market expansion, particularly in legalizing kidney sales and prostitution. Legalizing prostitution will benefit both men and women, as argued in a chapter jointly written with Yan Wang. Blood donation without monetary compensation can still result in adequate blood supply if schools educate children that blood donation can actually benefit a donor's health. As a society becomes more advanced, with higher incomes and a better educated populace, more activities can be subject to market exchange, with gradual popular acceptance. Without serious misinformation and irrationality, inequality/fairness as such cannot be a valid reason for limiting the scope of the market. The book supports the use of markets to increase efficiency while also increasing the effort to promote equality, making all income groups better off.
Preface
Acknowledgements
1. Introduction
2. The well-known case of lateness fees
3. Extending economic analysis
4. The anti-market sentiment
5. The inequality/exploitation case against commodification is invalid
6. Repugnance? Similar to 'honour' killing
7. Crowding out or crowding in?
8. Market expansion is a mark of progress
9. The case for legalising kidney sales
10. Making presumed consent the default option
11. Blood donation
12. Prostitution Yan Wang and Yew-Kwang Ng
13. Conscription
14. Profiteering
15. Water
a typical case of under-pricing
16. Fines, imprisonment, or whipping?
17. Some specific areas
18. Concluding remarks.