Critics of the market worry that as it expands the communal sphere declines. They also worry that the market encourages vice and has little or no scope for virtue. As I argue, however, the critics fail to realize that the market is a social space where commercial as well as social bonds are formed and nurtured. That it is also a moral space where virtues are learned and developed.
Virgil Henry Storr, "Why the Market? Markets as Social and Moral Spaces," Journal of Markets & Morality 12, no. 2 (Fall 2009): 277-296