Moral Markets

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Moral Markets

Paul J. Zak
Moral Markets Book PDF

Author : Paul J. Zak
Publisher : Princeton University Press
Page : 387 pages
File Size : 55,5 Mb
Release : 2010-12-16
Category : Business & Economics
ISBN : 9781400837366

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Moral Markets by Paul J. Zak Pdf

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 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, 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.

What Money Can't Buy

Michael J. Sandel
What Money Can t Buy Book PDF

Author : Michael J. Sandel
Publisher : Farrar, Straus and Giroux
Page : 256 pages
File Size : 40,7 Mb
Release : 2012-04-24
Category : Philosophy
ISBN : 9781429942584

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What Money Can't Buy by Michael J. Sandel Pdf

Should we pay children to read books or to get good grades? Should we allow corporations to pay for the right to pollute the atmosphere? Is it ethical to pay people to test risky new drugs or to donate their organs? What about hiring mercenaries to fight our wars? Auctioning admission to elite universities? Selling citizenship to immigrants willing to pay? In What Money Can't Buy, Michael J. Sandel takes on one of the biggest ethical questions of our time: Is there something wrong with a world in which everything is for sale? If so, how can we prevent market values from reaching into spheres of life where they don't belong? What are the moral limits of markets? In recent decades, market values have crowded out nonmarket norms in almost every aspect of life—medicine, education, government, law, art, sports, even family life and personal relations. Without quite realizing it, Sandel argues, we have drifted from having a market economy to being a market society. Is this where we want to be?In his New York Times bestseller Justice, Sandel showed himself to be a master at illuminating, with clarity and verve, the hard moral questions we confront in our everyday lives. Now, in What Money Can't Buy, he provokes an essential discussion that we, in our market-driven age, need to have: What is the proper role of markets in a democratic society—and how can we protect the moral and civic goods that markets don't honor and that money can't buy?

Moral Markets

Nico Stehr
Moral Markets Book PDF

Author : Nico Stehr
Publisher : Routledge
Page : 349 pages
File Size : 43,9 Mb
Release : 2015-12-03
Category : Social Science
ISBN : 9781317255925

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Moral Markets by Nico Stehr Pdf

Nothing affects modern society more than the decisions made in the marketplace, especially (but not only) the judgments of consumers. Stehr's designation of a new stage in modern societies with the term "moral markets" signals a further development in the social evolution of markets. Market theories still widely in use today emerged in a society that no longer exists. Consumers were hardly in evidence at all in early theories of the market. Today, growing affluence, greater knowledge, and high-speed communication among consumers builds into the marketplace notions of fairness, solidarity, environment, health, and political considerations imbued with a long-term perspective that can disrupt short-term pursuits of the best buy. Importantly, such social goals, individual apprehensions, and modes of consumer conduct become inscribed today in products and services offered in the marketplace, as well as in the rules and regulations that govern market relations. Stehr uses examples to illustrate these trends and build new theory fitting today's changing consumerism.

Morals and Markets

Viviana A. Rotman Zelizer
Morals and Markets Book PDF

Author : Viviana A. Rotman Zelizer
Publisher : Columbia University Press
Page : 322 pages
File Size : 42,5 Mb
Release : 2017-08-08
Category : Social Science
ISBN : 9780231545426

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Morals and Markets by Viviana A. Rotman Zelizer Pdf

Life insurance—the promise of an insurer to pay a sum upon a person's death in exchange for a regular premium—is a bizarre enterprise. How can we monetize human life? Should we? What statistics do we use, what assumptions do we make, and what behavioral factors do we consider? First published in 1979, Morals and Markets Is a pathbreaking study exploring the development of life insurance in the United States. Viviana A. Rotman Zelizer combines economic history and a sociological perspective to advance a novel interpretation of the life insurance industry. The book pioneered a cultural approach to the analysis of morally controversial markets. Zelizer begins in the mid-nineteenth century with the rise of the life insurance industry, a contentious chapter in the history of American business. Life insurance was stigmatized at first, denounced in newspapers and condemned by religious leaders as an immoral and sacrilegious gamble on human life. Over time, the business became a widely praised arrangement to secure a family's future. How did life insurance overcome cultural barriers? As Zelizer shows, the evolution of the industry in the United States matched evolving attitudes toward death, money, family relations, property, and personal legacy.

From Social Movement to Moral Market

Paul-Brian McInerney
From Social Movement to Moral Market Book PDF

Author : Paul-Brian McInerney
Publisher : Stanford University Press
Page : 256 pages
File Size : 45,5 Mb
Release : 2014-01-01
Category : Business & Economics
ISBN : 9780804789066

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From Social Movement to Moral Market by Paul-Brian McInerney Pdf

In From Social Movement to Moral Market, Paul-Brian McInerney explores what happens when a movement of activists gives way to a market for entrepreneurs. This book explains the transition by tracing the brief and colorful history of the Circuit Riders, a group of activists who sought to lead nonprofits across the digital divide. In a single decade, this movement spawned a market for technology assistance providers, dedicated to serving nonprofit organizations. In contrast to the Circuit Riders' grassroots approach, which was rooted in their commitment to a cause, these consultancies sprung up as social enterprises, blending the values of the nonprofit sector with the economic principles of for-profit businesses. Through a historical-institutional analysis, this narrative shows how the values of a movement remain intact even as entrepreneurs displace activists. While the Circuit Riders serve as a rich core example in the book, McInerney's findings speak to similar processes in other "moral markets," such as organic food, exploring how the evolution from movement to market impacts activists and enterprises alike.

Is the Market Moral?

Rebecca M. Blank,William McGurn
Is the Market Moral Book PDF

Author : Rebecca M. Blank,William McGurn
Publisher : Rowman & Littlefield
Page : 169 pages
File Size : 46,9 Mb
Release : 2003-12-31
Category : Religion
ISBN : 9780815796282

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Is the Market Moral? by Rebecca M. Blank,William McGurn Pdf

In the great tradition of moral argument about the nature of the economic market, Rebecca Blank and William McGurn join to debate the fundamental questions—equality and efficiency, productivity and social justice, individual achievement and personal rights in the workplace, and the costs and benefits of corporate and entrepreneurial capitalism. Their arguments are grounded in both economic sophistication and religious commitment. Rebecca Blank is an economist by training and describes herself as "culturally Protestant in the habits of mind and heart." She has also chaired the committee that wrote the statement on Christian faith and economic life adopted by the United Church of Christ. Addressing market failure, for her, requires that sometimes "freedom to choose" give way to other human values. William McGurn, a journalist and a Roman Catholic, uses his expertise in economics to reflect on the teachings of the church concerning the morality of the market. For McGurn, humans reach their fullest potential when they are free from the constraints of others. He writes that "our quarrel is not so much with Adam Smith or Milton Friedman but with the Providence that so clearly designed man to be his most prosperous at his most free." This book grapples with the new imperatives of a global economy while working in the classic tradition of political economy which always treated seriously the questions of morality, justice, productivity, and freedom.

Markets without Limits

Jason F. Brennan,Peter Jaworski
Markets without Limits Book PDF

Author : Jason F. Brennan,Peter Jaworski
Publisher : Routledge
Page : 324 pages
File Size : 45,8 Mb
Release : 2015-08-20
Category : Philosophy
ISBN : 9781317815624

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Markets without Limits by Jason F. Brennan,Peter Jaworski Pdf

May you sell your vote? May you sell your kidney? May gay men pay surrogates to bear them children? May spouses pay each other to watch the kids, do the dishes, or have sex? Should we allow the rich to genetically engineer gifted, beautiful children? Should we allow betting markets on terrorist attacks and natural disasters? Most people shudder at the thought. To put some goods and services for sale offends human dignity. If everything is commodified, then nothing is sacred. The market corrodes our character. Or so most people say. In Markets without Limits, Jason Brennan and Peter Jaworski give markets a fair hearing. The market does not introduce wrongness where there was not any previously. Thus, the authors claim, the question of what rightfully may be bought and sold has a simple answer: if you may do it for free, you may do it for money. Contrary to the conservative consensus, they claim there are no inherent limits to what can be bought and sold, but only restrictions on how we buy and sell.

Defending the Free Market

Robert Sirico
Defending the Free Market Book PDF

Author : Robert Sirico
Publisher : Simon and Schuster
Page : 226 pages
File Size : 54,7 Mb
Release : 2012-05-21
Category : Political Science
ISBN : 9781596988118

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Defending the Free Market by Robert Sirico Pdf

Thirty years ago, the economic system of the Soviet empire—socialism—seemed definitively discredited. Today, the most popular figures in the Democratic Party embrace it, while the shapers of public opinion treat capitalism as morally indefensible. Is there a moral case for capitalism? Consumerism is an appalling spectacle. Free markets may be efficient, but are they fair? Aren’t there some things that we can’t afford to leave to the vicissitudes of the market? Robert Sirico, a onetime leftist, shows how a free economy—including private property, legally enforceable contracts, and prices and interest rates freely agreed to by the parties to a transaction—is the best way to meet society’s material needs. In fact, the free market has lifted millions out of dire poverty—far more people than state welfare or private charity has ever rescued from want. But efficiency isn’t its only virtue. Economic freedom is indispensable for the other freedoms we prize. And it’s not true that it makes things more important than people—just the reverse. Only if we have economic rights can we protect ourselves from government encroachment into the most private areas of our lives—including our consciences. Defending the Free Market is a powerful vindication of capitalism and a timely warning for a generation flirting with disaster.

Why Some Things Should Not Be for Sale

Debra Satz
Why Some Things Should Not Be for Sale Book PDF

Author : Debra Satz
Publisher : Oxford University Press
Page : 265 pages
File Size : 46,9 Mb
Release : 2012-04-19
Category : Business & Economics
ISBN : 9780199892617

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Why Some Things Should Not Be for Sale by Debra Satz Pdf

In Why Some Things Should Not Be for Sale, philosopher Debra Satz takes a penetrating look at those commodity exchanges that strike most of us as problematic.

The Morals of the Market

Jessica Whyte
The Morals of the Market Book PDF

Author : Jessica Whyte
Publisher : Verso Books
Page : 289 pages
File Size : 44,7 Mb
Release : 2019-11-05
Category : Political Science
ISBN : 9781786633118

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The Morals of the Market by Jessica Whyte Pdf

The fatal embrace of human rights and neoliberalism Drawing on detailed archival research on the parallel histories of human rights and neoliberalism, Jessica Whyte uncovers the place of human rights in neoliberal attempts to develop a moral framework for a market society. In the wake of the Second World War, neoliberals saw demands for new rights to social welfare and self-determination as threats to “civilisation”. Yet, rather than rejecting rights, they developed a distinctive account of human rights as tools to depoliticise civil society, protect private investments and shape liberal subjects.

Are Markets Moral?

Arthur M. Melzer,Steven J. Kautz
Are Markets Moral Book PDF

Author : Arthur M. Melzer,Steven J. Kautz
Publisher : University of Pennsylvania Press
Page : 257 pages
File Size : 49,6 Mb
Release : 2018-09-06
Category : Political Science
ISBN : 9780812295405

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Are Markets Moral? by Arthur M. Melzer,Steven J. Kautz Pdf

Despite the remarkable achievements of free markets—their rapid spread around the world and success at generating economic growth—they tend to elicit anxiety. Creative destruction and destabilizing change provoke feelings of powerlessness in the face of circumstances that portend inevitable catastrophe. Thus, from the beginning, capitalism has been particularly stimulative for the growth of critics and doomsayers. While early analysts such as Karl Marx primarily emphasized an impending economic disaster, in recent years the economic critique of capitalism has receded in favor of moral and environmental concerns. At the heart of this collection of original essays lies the question: does morality demand that we adopt a primarily supportive or critical stance toward capitalism? Some contributors suggest that the foundational principles of the capitalist system may be at odds with the central requirements of morality, while others wonder whether the practical workings of markets slowly erode moral character or hinder the just distribution of goods. Still others consider whether morality itself does not demand the economic freedom constitutive of the capitalist system. The essays in Are Markets Moral? represent a broad array of disciplines, from economics to philosophy to law, and place particular emphasis on the experiences of non-Western countries where the latest chapters in capitalism's history are now being written. Contributors: Andrew S. Bibby, Gurcharan Das, Richard A. Epstein, Fonna Forman, Robert P. George, Steven J. Kautz, Peter Augustine Lawler, Steven Lukes, Deirdre Nansen McCloskey, Peter McNamara, Arthur M. Melzer, John Tomasi.

Do Markets Corrupt Our Morals?

Virgil Henry Storr,Ginny Seung Choi
Do Markets Corrupt Our Morals Book PDF

Author : Virgil Henry Storr,Ginny Seung Choi
Publisher : Springer Nature
Page : 281 pages
File Size : 46,5 Mb
Release : 2019-08-21
Category : Business & Economics
ISBN : 9783030184162

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Do Markets Corrupt Our Morals? by Virgil Henry Storr,Ginny Seung Choi Pdf

The most damning criticism of markets is that they are morally corrupting. As we increasingly engage in market activity, the more likely we are to become selfish, corrupt, rapacious and debased. Even Adam Smith, who famously celebrated markets, believed that there were moral costs associated with life in market societies. This book explores whether or not engaging in market activities is morally corrupting. Storr and Choi demonstrate that people in market societies are wealthier, healthier, happier and better connected than those in societies where markets are more restricted. More provocatively, they explain that successful markets require and produce virtuous participants. Markets serve as moral spaces that both rely on and reward their participants for being virtuous. Rather than harming individuals morally, the market is an arena where individuals are encouraged to be their best moral selves. Do Markets Corrupt Our Morals? invites us to reassess the claim that markets corrupt our morals.

The Dignity of Commerce

Nathan Oman
The Dignity of Commerce Book PDF

Author : Nathan Oman
Publisher : University of Chicago Press
Page : 312 pages
File Size : 49,6 Mb
Release : 2016
Category : Business & Economics
ISBN : 9780226415529

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The Dignity of Commerce by Nathan Oman Pdf

The Dignity of Commerce is a rigorous and novel exploration of moral justification of contract law through how it fosters well-functioning markets. Nathan B. Oman demonstrates how contract law deals overwhelmingly with the matters of commercial exchange, and how commerce in turn breeds habits of mind, or virtues, that support a liberal society. He also shows how markets provide a framework for peaceful cooperation across the fault lines of race, culture, religion, and politics that outdo even democratic political institutions. The Dignity of Commerce is ambitious in its aims and its conclusions and the implications are powerful. It is sure to elicit a serious discussion at the very heart of one of the most central areas of legal studies, and Nathan B. Oman has provided a clear, engaging, and comprehensive vehicle to get the discussion started.

Manslaughter, Markets, and Moral Economy

Thomas M. Buoye
Manslaughter Markets and Moral Economy Book PDF

Author : Thomas M. Buoye
Publisher : Cambridge University Press
Page : 300 pages
File Size : 51,7 Mb
Release : 2006-11-02
Category : History
ISBN : 9780521027816

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Manslaughter, Markets, and Moral Economy by Thomas M. Buoye Pdf

In this book, Thomas Buoye examines the impact of large-scale economic change on social conflict in eighteenth-century China. He draws upon a large body of actual, documented homicide cases originating in property disputes to recreate the social tensions of rural China during the Qianlong reign (1736-1795). The development of property rights, a process that had begun in the Ming dynasty, was accompanied by other changes that fostered disruption and conflict, including an explosion in the population growth and the increasing strain on land and resources, and increasing commercialization in agriculture. Buoye challenges the 'markets' and 'moral economy' theories of economic behaviour. Applying the theories of Douglass North for the first time to this subject, he uses an institutional framework to explain seemingly irrational economic choices. Buoye examines demographic and technological factors, ideology, and political and economic institutions in rural China to understand the link between economic and social change.

Equality, Moral Incentives, and the Market

Joseph H. Carens
Equality Moral Incentives and the Market Book PDF

Author : Joseph H. Carens
Publisher : Joseph H. Carens
Page : 268 pages
File Size : 42,8 Mb
Release : 1981-01-01
Category : Philosophy
ISBN : 9780226092690

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Equality, Moral Incentives, and the Market by Joseph H. Carens Pdf

The book argues that by relying on moral incentives it is possible, in principle, to separate the organizational advantages of the market from its distributional disadvantages. In theory, we can imagine a politico-economic system that distributes income equally (or on some other principle) but has all the efficiency characteristics of a capitalist market system. This shows that the market can provide an institutional mechanism for realizing ideals of distributive justice. The book provides a theoretical model of the system, identifying its requirements. It then offers arguments from empirical social science about why the model should work under appropriate conditions.