By Russell Keat (auth.)
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Additional info for Cultural Goods and the Limits of the Market
Whether or not these observations are correct, they serve to indicate the main questions that will be explored here. Do arguments for the exclusion of cultural practices from the market require the defence of certain forms of social authority for cultural ‘producers’, and a corresponding rejection of the authority or ‘sovereignty’ of consumers? Are such arguments undermined by scepticism about particular forms of knowledge or judgement? And does scepticism about values – commonly termed ‘meta-ethical’ scepticism – itself justify the use of the market for any products about whose value, according to such scepticism, no justifiable knowledge-claims can be made?
Thus: Internal goods are indeed the outcome of competition to excel, but it is characteristic of them that their achievement is a good for the whole community who participate in the practice. G. Grace advanced the art of batting in cricket in a quite new way their achievement enriched the whole relevant community. (MacIntyre 1981, p. 178) It might seem to follow from these claims about internal and external goods that, as it were, practices would do well to avoid contact with the latter altogether.
In a market economy, rival producers compete with one another in pursuing their overall aim of profit-maximization. , to satisfy the wants or preferences of consumers, where these preferences are indicated by the consumer’s willingness to pay for the products on offer). Consumers are free to choose between the producers from whom they will make such Scepticism, Authority and the Market 39 purchases, and thus the failure of any producer to satisfy these preferences is typically met by the ‘exit’ response of taking their custom elsewhere.
Cultural Goods and the Limits of the Market by Russell Keat (auth.)