Moral Markets: The Critical Role of Values in the Economy

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Moral Markets?

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This entry has no external links. Setup an account with your affiliations in order to access resources via your University's proxy server Configure custom proxy use this if your affiliation does not provide a proxy. John Douglas Bishop - - Philosophy in Review 29 6: Civil Authority and the Articulation of Markets.

Fred Carstensen - - Critical Review 9 4: Scaling Up Alternative Food Networks: Pluralist Methodology for Development Economics: Wendy Olsen - - Journal of Economic Methodology 14 1: A History of the Moral Economy: Markets, Custom, and the Philosophy of Popular Entitlement. Owen - - Australian Scholarly.

Neuroeconomist Paul J. Zak on Markets and the "Molecule of Love"

Drawing on converging evidence from neuroscience, social science, biology, law, and philosophy, Moral Markets; The Critical Role of Values in the Economy 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 more 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 is the result of an extensive collaboration between leading social and natural scientists.

After demonstrating that free markets cannot thrive in the absence of virtue, Moral Markets concludes that free markets must generally be populated by virtuous actors. This book review asks whether another conclusion might be drawn: It is accessible and valuable for non-specialists and will have something of interest to offer even those already schooled in the topic.


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