Globalization, Culture, and the Limits of the Market

Part of the prestigious Themes in Economics series, this collection of papers discusses critical issues that have often been at the centre of social debates in recent years. Economists and philosophers discuss such issues as the limitations of markets as an instrument of decision-making in a society, globalization and culture, the foundational principles for public policy, the criteria for the allocation of human organs, and the paradox of scarcity despite affluence in modern
societies. Two papers study the implication of globalization for culture and the nature of culture itself. The rest of the papers analyse a wide range of other problems including the foundational principles for the formulation of public policy, the criteria for allocating human organs, and the paradox of
scarcity despite affluence in modern societies.