PHILOSOPHY The element of justice in economic practice, Part 2 of two parts*

A politico-economic phenomenon has risen to prominence in modern times that makes it all but impossible to believe not only in justice in the market but even in freedom in the “free market”.


Justice in exchange is not something abstruse and intellectual; it is familiar to us all when we feel we have paid too much (or too little) for something.

That phenomenon is the relatively rapid rise of great modern oligopolies (a market in which there are only a …

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