How did the value of freedom become so closely associated with the institution of the market? Why did the idea of market freedom hold so little appeal before the modern period and how can we explain its rise to dominance? In The Invention of Market Freedom, Eric MacGilvray addresses these questions by contrasting the market conception of freedom with the republican view that it displaced. After analyzing the ethical core and exploring the conceptual complexity of republican freedom, MacGilvray shows how this way of thinking was confronted with, altered in response to, and finally overcome by the rise of modern market societies. By learning to see market freedom as something that was invented, we can become more alert to the ways in which the appeal to freedom shapes and distorts our thinking about politics.
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"In The Invention of Market Freedom, Eric MacGilvray skillfully grapples with the republican tradition, deploying an innovative problem centered approach to make sense of its ambiguity and diversity. MacGilvray locates the origins of market freedom - a concept at the center of a rival ideological tradition - in the 18th century synthesis of commercial republicanism and the natural juristic tradition. Carefully tracing the processes by which market freedom became dominant after its invention, MacGilvray underscores the ideological elements at stake in thinking about freedom - republican or market. Rather than view the contemporary revival of republican freedom as an unproblematic alternative to market freedom, MacGilvray explores the spheres and applications of both conceptions, emphasizing their moral and political costs and benefits. Clearly argued and well written, this historically and normatively rich work is of wide appeal."-Daniel Kapust, University of Georgia