Rationality, Markets and Morals

Studies at the Intersection of Philosophy and Economics

Rationality, Markets, and Morals: RMM 0 (2009), 273 – 286

Individual Interest and Political Legitimacy

Abstract

Cri­ti­cism of con­tract theo­ry has always play­ed an important role in Hart­mut Kliemt’s wri­tin­gs on poli­ti­cal phi­lo­so­phy. Not­wi­th­stan­ding his objec­tions to a con­sent-based jus­ti­fi­ca­ti­on of the sta­te he has never sub­scri­bed to an anar­chist posi­ti­on. In Hart­mut Kliemt’s view, a mini­mal sta­te which pro­tects the basic liber­ties of its citi­zens has to be con­side­red legi­ti­ma­te. The artic­le beg­ins with a brief restate­ment of the most influ­en­ti­al objec­tions that have been rai­sed against the various forms of con­tract theo­ry. The­re­af­ter inte­rest­ba­sed accounts of poli­ti­cal legi­ti­ma­cy are cri­ti­cal­ly exami­ned; it is argued that indi­vi­du­al inte­rests fail to pro­vi­de a jus­ti­fi­ca­ti­on for any kind of poli­ti­cal aut­ho­ri­ty. Final­ly, phi­lo­so­phi­cal anar­chism is sug­gested as a pos­si­ble alter­na­ti­ve to con­tract theo­ry and inte­rest theo­ry. Alt­hough phi­lo­so­phi­cal anar­chism holds that no sta­te has a moral right to rule, it can be recon­ci­led with the view that it is in the individual’s inte­rest to crea­te and main­tain a mini­mal state.

Journal Information

RMM is an interdisciplinary publication focusing on issues of rationality, market mechanisms, and the experimental method of reasoning into moral subjects. It provides a forum for dialogue between philosophy, economics, and related disciplines, encouraging critical reflection on the foundations and implications of economic processes.