The body politic has private parts: market creation as a policymaking tool

Philosophical arguments about government contracting either categorically oppose it on legitimacy grounds or see it as largely anodyne. I argue for a normatively distinct kind of contracting – the advance market commitment, or AMC – and show that it is justified by the same liberal values that justi...

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Bibliographic Details
Published inEconomics and philosophy Vol. 41; no. 2; pp. 340 - 356
Main Author Sankaran, Kirun
Format Journal Article
LanguageEnglish
Published Cambridge, UK Cambridge University Press 01.07.2025
Subjects
Contracting
markets
neoliberalism
mechanism design
privatization
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ISSN0266-2671
1474-0028
1474-0028
DOI10.1017/S0266267124000282

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Summary:Philosophical arguments about government contracting either categorically oppose it on legitimacy grounds or see it as largely anodyne. I argue for a normatively distinct kind of contracting – the advance market commitment, or AMC – and show that it is justified by the same liberal values that justify the welfare state.
ISSN:0266-2671
1474-0028
1474-0028
DOI:10.1017/S0266267124000282