Markets and Morals. Justifying Kidney Sales and Legalizing Prostitution

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ISBN
9781316646571
Nombre del producto:
Markets and Morals. Justifying Kidney Sales and Legalizing Prostitution
Fecha de edición:
4 mar. 2019
Número de Edición:
1
Autor:
Yew-kwang Ng
Idioma:
Inglés
Formato:
Libro
Páginas:
220
Lugar de edición:
REINO UNIDO
Colección:
SIN COLECCIÓN
Encuadernación:
Rústica

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.

Yew-Kwang Ng is Professor of Economics at the Nanyang Technological University, Singapore; emeritus professor, Monash University; fellow of the Academy of Social Sciences in Australia; and member of the Advisory Board, Global Priorities Institute, University of Oxford. In 2007, he received the highest award (Distinguished Fellow) of the Economic Society of Australia. He has also been invited to deliver the inaugural Professor Sir Tony Atkinson Memorial Lecture at Oxford University in 2018.

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