What is more important, that markets function in the manner that is most profitable for the most people or that they function within the limitations of moral and ethical philosophy?
I for one would certainly be a lot more likely to believe a moral argument for limiting the free market then a consequential one. My understanding of free market economics is that the freer the market the better the results are for everybody. Just about the only place I think I could put limits would be when it comes to fraud or coercion, this is where the moral element comes in. I don't know for sure where exactly those limits should be and I don't know if anybody does know where they should be.
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