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When is a price just? This paper develops a new theory of justice in pricing, grounded in the Austrian market process tradition. Prices, I argue, are not merely outcomes to be evaluated against an external standard of fairness. They are instruments through which the competitive process performs morally significant functions: communicating information, generating incentives and coordinating the plans of millions under pervasive ignorance. When this process is operating, the prices it produces carry a genuine presumption of justice. I establish this claim through two complementary arguments and demonstrate its power across cases from price gouging to wages to monopoly.
This chapter describes the way capitalism, while posing as simply an economic process, captures the political will, commandeering the state and colonizing the subject to its regime of accumulation so as to eliminate politics and secure its dystopic order.
Justice is central to Islamic ideology, rooted in divine principles and reflected in the structure of the universe. Economic and social justice, according to Islam, are inseparable from faith and must permeate every aspect of life – not just worship. The Qur’an and hadith stress individual and communal responsibility, condemning inequality, exploitation and negligence toward the disadvantaged. Justice is not only a moral value but a spiritual obligation, tied to one’s belief in God and accountability on the Day of Judgment.
Islam assigns collective responsibility to ensure that no one suffers from poverty or injustice. Wealth is viewed as a trust, not private property to be hoarded. Tools like charity (zakat), the prohibition of interest (riba) and profit-sharing (mudaraba) aim to prevent economic exploitation and promote fairness. Contemporary Muslim societies often fail to apply these principles, leading to increasing inequality, alienation and disconnection from faith-based justice.
Musa Sadr calls for scholars and governments to prioritize justice, support the oppressed, reform economic laws and reintegrate justice into educational and legal systems. True Islamic justice demands not charity, but systemic support – interest-free loans, rights for workers and equitable development. Without this, the community is at risk of moral and social disintegration.
Islam views labor as the most critical factor in production, alongside capital and machinery. It highlights ethical considerations in distributing production benefits fairly among these factors, strongly opposing exploitation inherent in capitalist systems, which prioritize profits over workers’ rights. Islam forbids interest/usury (riba) – profit from capital without labor – as unjust, emphasizing that wealth must arise through actual work and effort.
Islam distinguishes between capital, machinery and labor, each having different rights. Machinery should not receive profits but rather fixed monetary compensation. Capital owners cannot claim fixed interest as it is deemed exploitative; instead, their gains must come as profit-sharing, subjecting them also to losses. Laborers have privileged rights: workers can earn fixed wages, share profits and remain shielded from business losses.
Islamic principles ensure economic fairness, giving prominence to laborers’ welfare. Labor can either be rented (fixed wage) or engaged in profit-sharing partnerships (mudaraba), where capital bears the risk. Islamic economic ethics provide clear guidelines for fair distribution, recognizing labor’s essential contribution, limiting capital exploitation and assigning machinery as supportive but non-profiting components. The overarching aim is a balanced, ethically driven economy safeguarding human dignity and social justice.
Asylums’ adoption of printing and periodical publishing from the late 1830s was related to two major developments on both sides of the Atlantic: the growing accessibility of print and printing presses and the spread of the moral treatment of insanity. As the periodical press permeated daily life, and printing equipment became cheaper and easier to use, the introduction of presses into asylums was a practical move. The presses served multiple purposes: recreational, therapeutic, as well as administrative. This chapter identifies various factors that contributed to the introduction of printing in asylums and addresses concerns about the exploitation of patients’ labour hidden behind the theory of moral therapeutics. It also reflects on the symbolic meaning of the press, its association with civilizational progress, and the influence of such ideas on the early adoption of periodical publishing in America and Scotland. While presses were almost never bought solely for patients’ benefits, they offered novel opportunities for inmates to exercise initiative and agency as partners in the development of early psychiatry, as well as civilization.
The reproduction of the global agri-food system is, at a systemic level, conditional on the exploitation of migrant labour, raising the question of how exploitation became the default mechanism through which states regulate the sector. This paper disentangles the contingency between exploitation and border technologies through a critical policy analysis of the UK Seasonal Visa Scheme. The paper examines the governmentality of the border by identifying four colonial technologies that enable and sustain this exploitation: containment, malleable membership, liberal subjectivity, and a security paradox that legitimises nominal rights. I argue that whilst borders are reconfigured to facilitate capital accumulation, the origins of the visa regime are rooted in colonial statecraft designed to control and discipline subjects. Recentring the productive power of exploitative border regimes as artefacts of colonial governance, I show how the racial capitalist system of migrant exploitation is contingent on colonial statecraft, and that it is the state imperative to maintain the social racial order that motivates their reproduction. Whilst racial capitalism explains why migrant workers are exploited, it is state-constructed border regimes – and the technologies of racialised extraction – that explains how.
This article examines the unregulated practice of egg donation in Nigeria through the lens of international human rights law. Drawing on real-life testimonies, particularly the case of a 20-year-old student whose experience with a fertility clinic resulted in medical trauma and emotional distress, I expose systemic abuses rooted in legal silence. While international and regional human rights instruments impose obligations on states to protect bodily autonomy, prevent exploitation and ensure informed consent, Nigeria lacks a legal framework that addresses the complexities of assisted reproductive technologies. Legislative attempts to regulate egg donation have repeatedly stalled, leaving young, economically vulnerable women exposed to coercion, health risks and uncompensated labour. The article argues that the Nigerian state’s failure to regulate fertility clinics and to protect egg donors constitutes a violation of both domestic constitutional rights and international legal obligations; it calls for urgent legislative reform grounded in reproductive justice and accountability.
Fairness norms operate in virtually every area of social endeavor. There are several common behavioral responses to exchanges between social actors. Exploitation and retaliation, both of which are threats to fairness, are closely associated with narcissism. Other behavioral responses include cooperation, reciprocity, acquiescence, withdrawal, and altruism. Social movements such as Black Lives Matter and #MeToo are collective responses to profound unfairness.
Of the crimes making contemporary news, mass shootings occur too frequently and result in a tremendous loss of life. Many represent offenders attempting to get even with immigrants, minorities, and others they think have hurt mainstream American culture. Sex offenders include trusted adults such as scout leaders, physicians, and politicians who victimize children, patients, and employees. Some offenders are highly educated and behave as though they are entitled to violate norms and laws. These contemporary offenses involve either exploitation or retaliation in response to a grievance. Both these behavioral responses are associated with the personality style known as narcissism.
Frederic Bastiat’s last work was Economic Harmonies, published in 1851. He died while completing it, and although it had some uptake in the nineteenth century, in recent times scholarly interest has focused on his other work. In the Harmonies, he makes a remarkable claim: when properly understood, in a free market society all people’s economic interests are in harmony. If we consider that Karl Marx was arguing at the same time that those same societies are afflicted by an endemic class struggle that can end only with a communist revolution, the contrast is sharp. In this essay, I explore Bastiat’s rationale for his claim as a rejoinder to an influential argument mounted by Marx against economic liberty.
Human capital is a central concept in the field of political economy. Human flourishing is an even more central possibility at the heart of studies of the human condition more generally. Human beings can be assets in a way. They can embody human capital with a prospect of generating a favorable return on investment. When might that be good for the people involved? When might being human capital contribute in a positive way to human flourishing? When might the relationship be vicious rather than virtuous, so that being human capital opens doors to exploitation rather than to flourishing?
For several decades, psychiatrists, social critics, and writers of other stripes have warned us about the havoc that narcissists wreak in our everyday lives. In this book, social scientist Mark S. Davis maintains that narcissism is much more than individual pathology; indeed, it is a virus that also infects organizations and entire societies. Examining America's history, this book broadens the discussion of narcissism beyond a troubling personality style. It delves into how superiority, exploitation, retaliation, and a lack of empathy contribute to contemporary issues such as race relations, immigration, and the marginalization of those deemed “deviant” or different. By examining the tragic interplay between narcissism and history, this volume offers solutions to answer the question:Can anyone in modern society, informed by its past, devise a treatment plan for a nation's personality disorder?
This chapter explores strategy as a key driver of organizational design, emphasizing that structure should align with strategic intent. It introduces four strategic archetypes: reactors (no clear strategy), defenders (efficiency-focused), prospectors (innovation-driven), and analyzers (balancing both). It also discusses digital business strategy, showing how AI and digitalization reshape decision-making, operations, and innovation. Sustainable strategy is introduced, integrating economic, environmental, and social goals (People, Planet, Profit) to enhance resilience and competitiveness. The chapter concludes with strategy misfits – misalignments between strategy and goals – and the need to adjust one or the other. It ends by addressing how the environment influences strategic choices.
Chapter 3 looks at the different objectives that have been proposed as the basic rationale for competition law. The chapter starts with a discussion of the consumer welfare and total welfare standard and their pros and cons. This is followed by a discussion of the ‘protection of the competitive process’ standard and a range of other, less familiar, objectives. All of these claimed goals have their drawbacks, which are carefully assessed.
How should resource-constrained manufacturers renew operations under mounting innovation pressure? We theorize and test a contingent model in which market pressure affects operational innovation indirectly through two pathways, technology investment (exploitation) and human-capital utilization (exploration), and in which firm size conditions both pathways. Using Eurobarometer 433 data on 2,213 European manufacturing firms, we estimate a conditional process model combining ordinary least squares and logistic regressions. We find a negative direct effect of pressure on operational innovation, but positive mediated effects via technology and human capital; the technology pathway is substantively stronger. Size matters: larger firms more effectively translate pressure into technology investment, whereas smaller firms rely relatively more on human capital, implying performance parity for sequential strategies when resources are tight. We contribute boundary conditions to ambidexterity theory and offer actionable guidance: small and medium-sized enterprises should sequence renewal by first mobilising human capabilities, then adding technologies; large firms can pursue ambidextrous investments.
On 9 September 1976, Mao passed away, marking the end of the radical socialist experiment and the beginning of marketized reforms. In the face of growing social grievances sparked by marketized reforms, in the early 2000s the Hu Jintao administration (2002–2012) changed gear toward social protection. This chapter outlines the regime of general labour precarity in the post-Mao era: socialist surplus appropriation has been overhauled and given way to exploitation; the social exclusion system has been softened and recalibrated; despite efforts of decommodification, the recommodification of healthcare, education, and housing has created the ‘three new great mountains’ over Chinese people.
Is solidarity possible in societies characterized by the exchange of data, under conditions of digitalization and AI? If not, why not? To answer these questions, I inquire into the emergence of solidarity in two historical cases. The first maps German coal and steel workers’ resistance to exploitation during the industrial revolution in the late nineteenth century and early twentieth century. The second case explores resistance and community formation by the Maroon, a group of fugitive plantation slaves in eighteenth-century Suriname. I analyse these cases with the help of four heuristic elements: (1) communal living of labourers entailed by the industrialization of a new technology (steam powered industry and slavery-powered plantation agriculture), (2) under-regulation of ensuing labour relations, (3) the emergence of resistant proto-law amongst labourers and (4) the response of repressive-appeasing law by owners and the state. I extract two necessary attributes of solidarity: the sharing of a physical place by labourers forming a community in solidarity, and the location of that place on the inside of a politics of exploitation. I conclude that cybernetics, digitalization and AI undercut the preconditions for solidarity, as they eradicate the sharing of a physical place on the inside of exploitation politics.
In Julia Maskivker’s recent “Justice and Contribution,” she argues that, under normal circumstances, the failure to guarantee that life-sustaining workers are above the non-struggle point is not merely disrespectful and a failure of beneficence, but a violation of the norms of fair play and, as such, a “low blow.” In this article, I offer a critical reply to Maskivker. I begin by explaining her reasoning. Then I turn to critique, focusing on two key weaknesses and, in so doing, drawing out two larger lessons.
This article addresses two objections by Samuel Kahn to my argument for a living wage for life-sustaining workers. First, it refutes the charge that my position is patronising for asserting that low wages impede a worker’s ability to thrive. Second, it responds to a challenge regarding the claim that individuals have a right to a monetary equivalent of their fair share of natural resources, and that this right can be used to determine the justice of a life-sustaining worker’s situation in modern society.
Examining the systemic exploitation of mentally ill individuals, this study focuses on the practices of the British colonial administration in Kabba Province, Northern Nigeria (1900–1947). This research investigates how colonial authorities employed biopolitical strategies to categorise, control, and exploit this vulnerable population for labour, prioritising colonial economic and administrative interests. The study utilises a qualitative methodology, primarily analysing archival documents from the National Archives of Nigeria (NAK), Kaduna, and Arewa House Archives (AHA), to uncover the forced labour system’s practices and rationalisations. Crucially, it incorporates oral sources from direct descendants of ethno-medical practitioners, former colonial staff, traditional chiefs, and learned community members. This oral history component provides vital intergenerational knowledge, contextualising archival findings and offering perspectives often absent from official records, ensuring a nuanced understanding of pre-colonial mental health practices and colonial-era lived experiences. Secondary literature on colonial biopower, mental health history, and regional history provides a comparative framework. Findings indicate the colonial administration systematically repurposed traditional care and established new mechanisms to identify, isolate, and compel mentally ill individuals into various forms of forced labour for infrastructure and economic extraction. In conclusion, this research significantly contributes to scholarship on vulnerable populations during colonialism, illuminating the intricate link between mental illness, labour, and power in colonial Nigeria, and informing contemporary debates on mental health, human rights, and historical justice.