July 20, 2009

Moral Markets

Most of us believe that the capitalist economy is driven by competition and greed. But is it? Zak and his colleages argue that the modern market-driven economy works because most people, most of the time, act virtuously. They assert that modern market behavior has evolved a set of rules that promote moral behavior and that participating in the market may even make us better stewards of it. This collection of essays is a convergence of neuroscience, biology, law, economics, and philosophy that examines the biology behind morality and the connection to economic behaviors. This new approach may surprise us with its findings. These authors are reconnecting the field of economics to Adam Smith, who asserted that morality has a biological basis. This book takes a unique collaborative approach blending seemingly unrelated academic disciplines and is interesting because of what it has to say about human behavior.

This book can be found in HECSA Library:

Moral Markets: The Critical Role of Values in the Economy
ed. by Paul J. Zak
HB 72 .M558 2008