Introduction: Moral Markets - The Critical Role of Values in the Economy
Paul J. Zak
Claremont Graduate University - Center for Neuroeconomics Studies
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
This book calls into question the commonly held view of the economy as being dominated by greed and selfishness. The cartoon of greed is good is nearly ubiquitous in Western countries, and is often more strongly accepted in less developed nations. Yet, this pervasive belief is inconsistent with the scrutiny of scholars ancient and modern. This book draws these findings together to focus on how morals and markets connect to each other. It integrates thought from social philosophers like Aristotle and Adam Smith with current research in behavioral biology and neuroeconomics. This book also asks why economists, business-people, journalists, and the general public continue to believe in greed as the sole driver of trade in markets. The contributors seek to remedy this misapprehension by marshalling evidence across a variety of literatures.
Number of Pages in PDF File: 19
Date posted: October 19, 2006