Abstract

http://ssrn.com/abstract=940432
 
 

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Is Free Enterprise Values in Action? A Project Précis


Oliver R. Goodenough


Vermont Law School; Harvard University - Berkman Center for Internet & Society

Monika Gruter Cheney


Gruter Institute for Law and Behavioral Research


Free Enterprise: Values in Action Conference Series, 2005-2006
MORAL MARKETS: THE CRITICAL ROLE OF VALUES IN THE ECONOMY, Paul J. Zak, ed., Princeton University Press, 2007

Abstract:     
This collection of papers is part of the Values In Free Enterprise project organized by the Gruter Institute for Law and Behavioral Research. The program brought together a highly interdisciplinary team of leading experts, in fields ranging from business, economics, primatology, philosophy and law, to answer the question, Do values matter in a free enterprise system? During a series of six conferences, we looked at genes and animal models, law and economics, philosophy and neuroscience, to support our proposition that values such as honesty, trust and fair play are essential to the modern free-market economies. The centrality of values has been missed both by supporters of free markets, who too often focus on unbridled self-interest, and by their detractors, who argue that economic exchange devalues our humanity. Project participants battle this so-called cartoon model, and conclude, by contrast, that values are essential to both personal and impersonal exchange. Further, some argue that market exchange itself can elevate human dignity and freedom - i.e., a virtuous circle is possible.

In addition to the publication of the papers and commentary on this SSRN research platform, this project has culminated in a scholarly volume which will include these papers, entitled Moral Markets: the Critical Role of Values in the Economy (forthcoming, Princeton University Press, estimated Spring 2007). Further activities in the program include two debates set for the Spring of 2007 (one in London, one in New York; details to be provided at www.gruterinstitute.org) as well as additional popular and academic publications. For further information on this project, please see www.gruterinstitute.org.

This project was made possible by significant funding from the John Templeton Foundation, UCLA-Sloan Research Program on Business Organizations, and the Ann and Gordon Getty Foundation.

Number of Pages in PDF File: 15

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Date posted: October 26, 2006  

Suggested Citation

Goodenough, Oliver R. and Cheney, Monika Gruter, Is Free Enterprise Values in Action? A Project Précis. Free Enterprise: Values in Action Conference Series, 2005-2006; MORAL MARKETS: THE CRITICAL ROLE OF VALUES IN THE ECONOMY, Paul J. Zak, ed., Princeton University Press, 2007. Available at SSRN: http://ssrn.com/abstract=940432

Contact Information

Oliver R. Goodenough (Contact Author)
Vermont Law School ( email )
164 Chelsea Street
P.O. Box 96
South Royalton, VT 05068
United States
802 831 1231 (Phone)
HOME PAGE: http://www.vermontlaw.edu/Our_Faculty/Faculty_Directory/Oliver_R_Goodenough.htm

Harvard University - Berkman Center for Internet & Society ( email )
Harvard University
23 Everett Street
Cambridge, MA 02138
United States
Monika Gruter Cheney
Gruter Institute for Law and Behavioral Research ( email )
158 Goya Road
Portola Valley, CA 94028
United States
650-854-1191 (Phone)
650-854-1192 (Fax)
HOME PAGE: http://www.gruterinstitute.org
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