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In Fallibilism Democracy and the Market, Calvin Hayes proposes an original solution to the major meta-theoretical issue in moral philosophy, the is-ought problem, then utilizes it to define and/or solve practical problems in both applied ethics and public policy. The solution and its applications are based on a unified theory of rationality applicable to epistemology, ethics and public policy, predicated on a revised Popperian fallibilism. It is intended as a defense of Karl Popper's political philosophy but only after a substantial revision of its theoretical and meta-theoretical basis.