Lecture 1 Ethics

MLM: Allocate No Things (March 24)

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Ethics PHIL 2203 NOTES

MLM: Allocate No Things (March 24)
Karl Marx / Friedrich Engels – Nothing should be distributed by the market
Karl Marx – father of communism
Friedrich Engels – cleaned up Marx’s notes and published them

Many items are not bought and sold on an open market body organs, babies, courtroom verdicts, lottery tickets. Marxist view of private property – the market is an inappropriate mechanism for distributing goods in a society. They don’t believe private property should exist. Explained by 2 Marxist concepts
1. Labour Theory of Value
2. Internal Labour

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