Many economists celebrate markets as institutions promoting efficiency and supporting freedom and liberty; others condemn them for generating economic inequality and social disharmony. Exchanging Entailments offers a critical evaluation of both perspectives and outlines a new economics of markets and society. This book concentrates upon the historic associations of the marketplace in the work of Aristotle, Adam Smith, Karl Marx and demonstrates what markets were imagined to entail for society was critical to each author's understanding of the central social...