Morals And Markets

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Morals and Markets

Author : Viviana A. Rotman Zelizer
Publisher : Columbia University Press
ISBN 13 : 0231545428
Total Pages : 322 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Morals and Markets by : Viviana A. Rotman Zelizer

Download or read book Morals and Markets written by Viviana A. Rotman Zelizer and published by Columbia University Press. This book was released on 2017-08-08 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Morals and Markets

Author : D. Friedman
Publisher : Springer
ISBN 13 : 0230614981
Total Pages : 261 pages
Book Rating : 4.2/5 (36 download)

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Book Synopsis Morals and Markets by : D. Friedman

Download or read book Morals and Markets written by D. Friedman and published by Springer. This book was released on 2008-09-15 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, economist and evolutionary game theorist Daniel Freidman demonstrates that our moral codes and our market systems, while often in conflict, are really devices evolved to achieve similar ends, and that society functions best when morals and markets are in balance with each other.

Moral Markets

Author : Paul J. Zak
Publisher : Princeton University Press
ISBN 13 : 1400837367
Total Pages : 387 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Moral Markets by : Paul J. Zak

Download or read book Moral Markets written by Paul J. Zak and published by Princeton University Press. This book was released on 2010-12-16 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Author : Michael J. Sandel
Publisher : Farrar, Straus and Giroux
ISBN 13 : 1429942584
Total Pages : 256 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis What Money Can't Buy by : Michael J. Sandel

Download or read book What Money Can't Buy written by Michael J. Sandel and published by Farrar, Straus and Giroux. This book was released on 2012-04-24 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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?

Morals and Markets

Author : D. Friedman
Publisher : Springer
ISBN 13 : 1137331526
Total Pages : 537 pages
Book Rating : 4.1/5 (373 download)

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Book Synopsis Morals and Markets by : D. Friedman

Download or read book Morals and Markets written by D. Friedman and published by Springer. This book was released on 2013-07-08 with total page 537 pages. Available in PDF, EPUB and Kindle. Book excerpt: Friedman and McNeill draw on recent research in evolutionary game theory and behavioral economics to explore the relationship between our moral codes and our market systems. They show how imbalance between morals and markets is at the root of the recent corporate scandals in the US as well as the global financial crisis the world continues to face.

Do Markets Corrupt Our Morals?

Author : Virgil Henry Storr
Publisher : Springer Nature
ISBN 13 : 3030184161
Total Pages : 281 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Do Markets Corrupt Our Morals? by : Virgil Henry Storr

Download or read book Do Markets Corrupt Our Morals? written by Virgil Henry Storr and published by Springer Nature. This book was released on 2019-08-21 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Markets and Morals

Author : Yew-Kwang Ng
Publisher : Cambridge University Press
ISBN 13 : 1107194946
Total Pages : 223 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis Markets and Morals by : Yew-Kwang Ng

Download or read book Markets and Morals written by Yew-Kwang Ng and published by Cambridge University Press. This book was released on 2019-03-14 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is researched and written with strong academic rigor and persuasive argument that also makes it accessible to the general public. Considering efficiency, equality, and morality, it argues for market expansion, particularly in legalizing kidney sales and prostitution. These are highly controversial issues with important public policy significance.

The Morals of the Market

Author : Jessica Whyte
Publisher : Verso Books
ISBN 13 : 1786633116
Total Pages : 289 pages
Book Rating : 4.7/5 (866 download)

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Book Synopsis The Morals of the Market by : Jessica Whyte

Download or read book The Morals of the Market written by Jessica Whyte and published by Verso Books. This book was released on 2019-11-05 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Markets, Morals, and Policy-Making

Author : Enrico Colombatto
Publisher : Routledge
ISBN 13 : 1136668071
Total Pages : 374 pages
Book Rating : 4.1/5 (366 download)

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Book Synopsis Markets, Morals, and Policy-Making by : Enrico Colombatto

Download or read book Markets, Morals, and Policy-Making written by Enrico Colombatto and published by Routledge. This book was released on 2012-03-29 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: Free-market economics has attempted to combine efficiency and freedom by emphasizing the need for neutral rules and meta-rules. These efforts have only been partly successful, for they have failed to address the deeper, normative arguments justifying – and limiting – coercion. This failure has thus left most advocates of free-market vulnerable to formulae which either emphasize expediency or which rely upon optimal social engineering to foster different notions of the common will and of the common good. This book offers the reader a new perspective on free-market economics, one in which the defense of markets is no longer based upon the utilitarian claim that free markets are more efficient; rather, the defense of markets rests upon the moral argument that top-down coercive policy-making is necessarily in tension with the rights-based notion of justice typical of the Western tradition. In arguing for a consistent moral basis for the free-market view, we depart from both the Austrian and neoclassical traditions by acknowledging that rationality is not a satisfactory starting point. This rejection of rationality as the complete motivator for human economic behaviour throws constitutional economics and the law-and-economics tradition into new relief, revealing these approaches as governed by considerations derived by various notions of social efficiency, rather than by principles consistent with individual freedom, including freedom to choose. This book shows that the solution is in fact a better understanding of the lessons taught by the Scottish Enlightenment: the role of the political context is to ensure that the individual can pursue his own ends, free from coercion. This also implies individual responsibility, respect for somebody else’s preferences and for his entrepreneurial instincts. Social virtue is not absent from this understanding of politics, but rather than being defined through the priorities of policy-makers, it emerges as the outcome of interaction among self-determining individuals. The strongest and most consistent case for free-market economics, therefore, rests on moral philosophy, not on some version of static-efficiency theorizing. This book should be of interest to students and researchers focussing on economic theory, political economics and the philosophy of economic thought, but is also written in a non-technical style making it accessible to an audience of non-economists.

Capitalism

Author : John Plender
Publisher : Biteback Publishing
ISBN 13 : 1849549575
Total Pages : 205 pages
Book Rating : 4.8/5 (495 download)

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Book Synopsis Capitalism by : John Plender

Download or read book Capitalism written by John Plender and published by Biteback Publishing. This book was released on 2015-07-28 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capitalism has lifted millions out of poverty. Under its guiding hand, living standards throughout the Western world have been transformed. Further afield, the trail blazed by Japan is being followed by other emerging market countries across the globe, creating prosperity on a breathtaking scale. And yet, capitalism is unloved. From its discontents to its outright enemies, voices compete to point out the flaws in the system that allow increasingly powerful elites to grab an ever larger share of our collective wealth. In this incisive, clear-sighted guide, award-winning Financial Times journalist John Plender explores the paradoxes and pitfalls inherent in this extraordinarily dynamic mechanism - and in our attitudes to it. Taking us on a journey from the Venetian merchants of the Renaissance to the gleaming temples of commerce in 21st-century Canary Wharf via the South Sea Bubble, Dutch tulip mania and manic-depressive gambling addicts, Plender shows us our economic creation through the eyes of philosophers, novelists, poets, artists and divines. Along the way, he delves into the ethics of debt; reveals the truth about the unashamedly materialistic artistic giants who pioneered copyrighting; and traces the path of our instinctive conviction that entrepreneurs are greedy, unethical opportunists, hell-bent on capital accumulation, while manufacturing is innately virtuous. Thoughtful, eloquent and above all compelling, Capitalism is a remarkable contribution to the enduring debate.

Markets, Morals and Development

Author : Wahiduddin Mahmud
Publisher : Taylor & Francis
ISBN 13 : 1000485080
Total Pages : 118 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Markets, Morals and Development by : Wahiduddin Mahmud

Download or read book Markets, Morals and Development written by Wahiduddin Mahmud and published by Taylor & Francis. This book was released on 2021-10-12 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents, or rather “re-presents”, the intricacies of a developing economy in the light of recent theoretical developments in economics while also providing a fresh perspective on the perceived inadequacies of the discipline in addressing the discontents of the contemporary global economic order. The book argues that there is scope for economics to be a more humane discipline and more relevant to contemporary economic problems by embracing new ideas, including those from other disciplines. It attempts to show how economic concepts and theories can be contextualised to help better understand real-life economic phenomena; how to rethink the ways in which the market economy can address the moral issues of human wellbeing and social justice; and, overall, how the study of economics and public discourses on economic issues can be made more engaging as well as more relevant to the problems of developing countries. Based on public lectures given by the author in Dhaka, and using illustrations from Bangladesh, India and other countries, the book offers an authoritative understanding of diverse economic realities by taking a fresh look at the familiar. Comprehensive and accessible, the book will be of interest to students and researchers of economics, development economics and policy, sociology and business studies as well as to journalists, public intellectuals and policymakers in developing countries.

The Moralization of the Markets

Author : Nico Stehr
Publisher : Transaction Publishers
ISBN 13 : 1412815878
Total Pages : 378 pages
Book Rating : 4.4/5 (128 download)

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Book Synopsis The Moralization of the Markets by : Nico Stehr

Download or read book The Moralization of the Markets written by Nico Stehr and published by Transaction Publishers. This book was released on 2011-12-31 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nothing affects the modern economy (and society) more than decisions made in the market place, especially, but not only, decisions made by consumers. Although it is not startling to suggest that decisions made in production are affected by choices consumers make, consumers have long been viewed, not only by academic economists, as individual, isolated rational actors that make or refrain from purchases purely on the basis of narrow financial considerations. Markets are not and never were morally neutral. Market relations have always had an often taken-for-granted moral underpinning. The moralization of the markets refers to the dissolution and replacement of the conventional moral underpinnings of market conduct, for example, in the music market, financial markets, and corporate governance. It further implies not only the heightened importance of new ethical precepts, but the significant change in the role of moral ideals in market behavior. These profound transformations of economic conduct are accompanied and co-determined by societal conflicts. The moralization of markets represents thus a new stage in the social evolution of markets. The book is divided into four parts, in which the twelve chapters, written by contributors from different social science disciplines, deal with the context of the moralization of the markets; the major social institutions; and present case studies that examine European and American attitudes and behavior towards tobacco and GMO; expansion of the private and ethics in business; and how workers respond to the new corporate norms. This volume will be of interest to sociologists, economists, social scientists, and the general consumer alike.

Are Markets Moral?

Author : Arthur M. Melzer
Publisher : University of Pennsylvania Press
ISBN 13 : 0812295404
Total Pages : 257 pages
Book Rating : 4.8/5 (122 download)

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Book Synopsis Are Markets Moral? by : Arthur M. Melzer

Download or read book Are Markets Moral? written by Arthur M. Melzer and published by University of Pennsylvania Press. This book was released on 2018-09-06 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Markets without Limits

Author : Jason F. Brennan
Publisher : Routledge
ISBN 13 : 1317815629
Total Pages : 324 pages
Book Rating : 4.3/5 (178 download)

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Book Synopsis Markets without Limits by : Jason F. Brennan

Download or read book Markets without Limits written by Jason F. Brennan and published by Routledge. This book was released on 2015-08-20 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

From Social Movement to Moral Market

Author : Paul-Brian McInerney
Publisher : Stanford University Press
ISBN 13 : 0804789061
Total Pages : 254 pages
Book Rating : 4.8/5 (47 download)

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Book Synopsis From Social Movement to Moral Market by : Paul-Brian McInerney

Download or read book From Social Movement to Moral Market written by Paul-Brian McInerney and published by Stanford University Press. This book was released on 2014-01-01 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Markets, Morals, Politics

Author : Bla Kapossy
Publisher : Harvard University Press
ISBN 13 : 0674976339
Total Pages : 337 pages
Book Rating : 4.6/5 (749 download)

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Book Synopsis Markets, Morals, Politics by : Bla Kapossy

Download or read book Markets, Morals, Politics written by Bla Kapossy and published by Harvard University Press. This book was released on 2018-03-19 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: When Istvn Hont died in 2013, the world lost a giant of intellectual history. A leader of the Cambridge School of Political Thought, Hont argued passionately for a global-historical approach to political ideas. To better understand the development of liberalism, he looked not only to the works of great thinkers but also to their reception and use amid revolution and interstate competition. His innovative program of study culminated in the landmark 2005 book Jealousy of Trade, which explores the birth of economic nationalism and other social effects of expanding eighteenth-century markets. Markets, Morals, Politics brings together a celebrated cast of HontÕs contemporaries to assess his influence, ideas, and methods. Richard Tuck, John Pocock, John Dunn, Raymond Geuss, Gareth Stedman Jones, Michael Sonenscher, John Robertson, Keith Tribe, Pasquale Pasquino, and Peter N. Miller contribute original essays on themes Hont treated with penetrating insight: the politics of commerce, debt, and luxury; the morality of markets; and economic limits on state power. The authors delve into questions about the relationship between states and markets, politics and economics, through examinations of key Enlightenment and pre-Enlightenment figures in contextÑHobbes, Rousseau, Spinoza, and many others. The contributors also add depth to HontÕs lifelong, if sometimes veiled, engagement with Marx. The result is a work of interpretation that does justice to HontÕs influence while developing its own provocative and illuminating arguments. Markets, Morals, Politics will be a valuable companion to readers of Hont and anyone concerned with political economy and the history of ideas.

Medieval Market Morality

Author : James Davis
Publisher : Cambridge University Press
ISBN 13 : 1139502816
Total Pages : 533 pages
Book Rating : 4.1/5 (395 download)

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Book Synopsis Medieval Market Morality by : James Davis

Download or read book Medieval Market Morality written by James Davis and published by Cambridge University Press. This book was released on 2011-11-24 with total page 533 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important study examines the market trade of medieval England by providing a wide-ranging critique of the moral and legal imperatives that underpinned retail trade. James Davis shows how market-goers were influenced not only by practical and economic considerations of price, quality, supply and demand, but also by the moral and cultural environment within which such deals were conducted. This book draws on a broad range of cross-disciplinary evidence, from the literary works of William Langland and the sermons of medieval preachers, to state, civic and guild laws, Davis scrutinises everyday market behaviour through case studies of small and large towns, using the evidence of manor and borough courts. From these varied sources, Davis teases out the complex relationship between morality, law and practice and demonstrates that even the influence of contemporary Christian ideology was not necessarily incompatible with efficient and profitable everyday commerce.