The Evolution of Free Enterprise Values
MORAL MARKETS: THE CRITICAL ROLE OF VALUES IN THE ECONOMY, Paul J. Zak, ed., Princeton University Press, 2007
34 Pages Posted: 14 Sep 2006
Free enterprise economic systems evolved in the modern period as culturally transmitted values related to honesty, hard work, and education achievement emerged. One evolutionary puzzle is why most economies for the past 5,000 years have had a limited role for free enterprise given the spectacular success of modern free economies. Another is why if humans became biologically modern 50,000 years ago did it take until 11,000 years ago for agriculture, the economic foundation of states, to begin. Why didn't free enterprise evolve long ago and far away?
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