Moral Markets: The Critical Role of Values in the Economy

Like nature itself, modern economic life is driven by relentless competition and unbridled selfishness Or is it Drawing on converging evidence from neuroscience, social science, biology, law, and philosophy, Moral Markets makes the case that modern market exchange works only because most people, most of the time, act virtuously Competition and greed are certainly part oLike nature itself, modern economic life is driven by relentless competition and unbridled selfishness Or is it Drawing on converging evidence from neuroscience, social science, biology, law, and philosophy, Moral Markets makes the case that modern market exchange works only because most people, most of the time, act virtuously Competition and greed are certainly part of economics, but Moral Markets shows how the rules of market exchange have evolved to promote moral behavior and how exchange itself may make us virtuous Examining the biological basis of economic morality, tracing the connections between morality and markets, and exploring the profound implications of both, Moral Markets provides a surprising and fundamentally new view of economics one that also reconnects the field to Adam Smith s position that morality has a biological basis Moral Markets, the result of an extensive collaboration between leading social and natural scientists, includes contributions by neuroeconomist Paul Zak economists Robert H Frank, Herbert Gintis, Vernon Smith winner of the 2002 Nobel Prize in economics , and Bart Wilson law professors Oliver Goodenough, Erin O Hara, and Lynn Stout philosophers William Casebeer and Robert Solomon primatologists Sarah Brosnan and Frans de Waal biologists Carl Bergstrom, Ben Kerr, and Peter Richerson anthropologists Robert Boyd and Michael Lachmann political scientists Elinor Ostrom and David Schwab management professor Rakesh Khurana computational science and informatics doctoral candidate Erik Kimbrough and business writer Charles Handy.
Moral Markets The Critical Role of Values in the Economy Like nature itself modern economic life is driven by relentless competition and unbridled selfishness Or is it Drawing on converging evidence from neuroscience social science biology law and phil

  • Title: Moral Markets: The Critical Role of Values in the Economy
  • Author: Paul J. Zak
  • ISBN: 9780691135236
  • Page: 188
  • Format: Paperback
  • 1 thought on “Moral Markets: The Critical Role of Values in the Economy”

    1. Homo eocnomicus (rational model of human behaviour) left unexplained why and how some mechanisms and elements of our human psychology deviate from self-maximizing and self-interest behaviour. Moreover, it neglects the role that values have in driving our economies, in fact, without values wouldn´t have markets and commercial exchanges.

    2. It's okay. It begins from moral philosophy and moves up to game theory experiments. Personally, I didn't care or believe the moral philosophy in it, but what I was most interested was the experiments about how freer markets cause moral behavior. There is some of this, but not nearly enough. That should be the focus of the next anthology or book by Paul Zak.

    3. this is not a mediocre 3 start book - it is a collection of essays, some 5 star brilliant, some 1 star useless, which merits an average of three stars. Much of this book should be read by everybody - ch 11 and 12 in particular are excellent

    4. An excellent read. I love the way it shows that there is more to markets than just the pathological homo economicus.

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