The Moral Foundation Of Economic Behavior

Author : David C. Rose
Publisher : Oxford University Press
ISBN 13 : 0199339856
Total Pages : 288 pages
Book Rating : 4.53/5 ( download)

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Download or read book The Moral Foundation of Economic Behavior written by David C. Rose and published by Oxford University Press. This book was released on 2011-11-25 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains why moral beliefs can and likely do play an important role in the development and operation of market economies. It provides new arguments for why it is important that people genuinely trust others-even those whom they know don't particularly care about them-because in key circumstances institutions are incapable of combating opportunism. It then identifies specific characteristics that moral beliefs must have for the people who possess them to be regarded as trustworthy. When such moral beliefs are held with sufficient conviction by a sufficiently high proportion of the population, a high trust society emerges that supports maximum cooperation and creativity while permitting honest competition at the same time. Such moral beliefs are not tied to any particular religion and have nothing to do with moral earnestness or the set of moral values-what matters is how they affect the way people think about morality. Such moral beliefs are based on abstract ideas that must be learned so they are matters of culture, not genes, and are therefore able to explain differences in economic performance across societies.

Author : David Charles Rose
Publisher : Oxford University Press, USA
ISBN 13 : 0199330727
Total Pages : 217 pages
Book Rating : 4.20/5 ( download)

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Download or read book Why Culture Matters Most written by David Charles Rose and published by Oxford University Press, USA. This book was released on 2019 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction -- The cultural commons -- Culture as moral beliefs -- Culture as instrument -- The rise of flourishing societies -- The free market democracy dilemma -- The fall of flourishing societies -- Family, religion, government, and civilization -- Conclusion

Author : Jennifer A. Baker
Publisher : Oxford University Press
ISBN 13 : 0191005096
Total Pages : 272 pages
Book Rating : 4.91/5 ( download)

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Download or read book Economics and the Virtues written by Jennifer A. Baker and published by Oxford University Press. This book was released on 2016-01-07 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: While ethics has been an integral part of economics since the days of Adam Smith (if not Aristotle), many modern economists dismiss ethical concerns in favor of increasing formal mathematical and computational methods. But recent financial crises in the real world have reignited discussions of the importance of ethics to economics, including growing calls for a new approach to incorporating moral philosophy in economic theory, practice, and policy. Ironically, it is the ethics of virtue advocated by Aristotle and Adam Smith that may lead to the most promising way to developing an economics that emphasizes the virtues, character, and judgment of the agents it models. In Economics and the Virtues, editors Jennifer A. Baker and Mark D. White have brought together fifteen leading scholars in economics and philosophy to offer fresh perspectives on integrating virtue into economics. The first section covers five major thinkers and schools in the virtue tradition, tracing historical connections and suggesting new areas of cooperation. The second section applies the ethics of virtue to modern economic theory, delving into its current practices and methodology to suggest areas for integration with moral philosophy. Finally, the third section addresses specific topics such as markets, profits, and justice in the context of virtue and vice, offering valuable applications of virtue to economics. With insights that are novel as well as rooted in time-tested ethical thought, Economics and the Virtues will be of interest to economists, philosophers, and other scholars in the social sciences and humanities, as well as professionals and policymakers in the fields of economics and finance, and makes an invaluable contribution to the ongoing discussion over the role of ethics in economics.

Author : Edmund S. Phelps
Publisher : Russell Sage Foundation
ISBN 13 : 1610446798
Total Pages : 243 pages
Book Rating : 4.92/5 ( download)

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Download or read book Altruism, Morality, and Economic Theory written by Edmund S. Phelps and published by Russell Sage Foundation. This book was released on 1975-05-21 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents a collection of papers by economists theorizing on the roles of altruism and morality versus self-interest in the shaping of human behavior and institutions. Specifically, the authors examine why some persons behave in an altruistic way without any apparent reward, thus defying the economist's model of utility maximization. The chapters are accompanied by commentaries from representatives of other disciplines, including law and philosophy.

Author : Herbert Gintis
Publisher : MIT Press
ISBN 13 : 9780262072526
Total Pages : 430 pages
Book Rating : 4.21/5 ( download)

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Download or read book Moral Sentiments and Material Interests written by Herbert Gintis and published by MIT Press. This book was released on 2005 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: Moral Sentiments and Material Interests presents an innovative synthesis of research in different disciplines to argue that cooperation stems not from the stereotypical selfish agent acting out of disguised self-interest but from the presence of "strong reciprocators" in a social group. Presenting an overview of research in economics, anthropology, evolutionary and human biology, social psychology, and sociology, the book deals with both the theoretical foundations and the policy implications of this explanation for cooperation. Chapter authors in the remaining parts of the book discuss the behavioral ecology of cooperation in humans and nonhuman primates, modeling and testing strong reciprocity in economic scenarios, and reciprocity and social policy. The evidence for strong reciprocity in the book includes experiments using the famous Ultimatum Game (in which two players must agree on how to split a certain amount of money or they both get nothing.)

Author : Paul J. Zak
Publisher : Princeton University Press
ISBN 13 : 1400837367
Total Pages : 387 pages
Book Rating : 4.66/5 ( download)

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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.

Author : Vangelis Chiotis
Publisher : Routledge
ISBN 13 : 135116886X
Total Pages : 144 pages
Book Rating : 4.61/5 ( download)

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Download or read book The Morality of Economic Behaviour written by Vangelis Chiotis and published by Routledge. This book was released on 2020-05-25 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: The links between self-interest and morality have been examined in moral philosophy since Plato. Economics is a mostly value-free discipline, having lost its original ethical dimension as described by Adam Smith. Examining moral philosophy through the framework provided by economics offers new insights into both disciplines and the discussion on the origins and nature of morality. The Morality of Economic Behaviour: Economics as Ethics argues that moral behaviour does not need to be exogenously encouraged or enforced because morality is a side effect of interactions between self-interested agents. The argument relies on two important parameters: behaviour in a social environment and the effects of intertemporal choice on rational behaviour. Considering social structures and repeated interactions on rational maximisation allows an argument for the morality of economic behaviour. Amoral agents interacting within society can reach moral outcomes. Thus, economics becomes a synthesis of moral and rational choice theory bypassing the problems of ethics in economic behaviour whilst promoting moral behaviour and ethical outcomes. This approach sheds new light on practical issues such as economic policy, business ethics and social responsibility. This book is of interest primarily to students of politics, economics and philosophy but will also appeal to anyone who is interested in morality and ethics, and their relationship with self-interest.

Author : David C. Rose
Publisher : OUP USA
ISBN 13 : 0199781745
Total Pages : 284 pages
Book Rating : 4.44/5 ( download)

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Download or read book The Moral Foundation of Economic Behavior written by David C. Rose and published by OUP USA. This book was released on 2011-11-25 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: It then identifies specific characteristics that moral beliefs must have for the people who possess them to be regarded as trustworthy.

Author : Jonathan B. Wight
Publisher : Council for Economic Educat
ISBN 13 : 9781561836482
Total Pages : 210 pages
Book Rating : 4.86/5 ( download)

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Download or read book Teaching the Ethical Foundations of Economics written by Jonathan B. Wight and published by Council for Economic Educat. This book was released on 2007-03 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains 10 lessons that reintroduce an ethical dimension to economics. Students will learn about the important role ethics and character play in a market economy and how, in turn, markets influence ethical behavior.

Author : Jonathan Haidt
Publisher : Vintage
ISBN 13 : 0307455777
Total Pages : 530 pages
Book Rating : 4.72/5 ( download)

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Download or read book The Righteous Mind written by Jonathan Haidt and published by Vintage. This book was released on 2013-02-12 with total page 530 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW YORK TIMES BESTSELLER • The acclaimed social psychologist challenges conventional thinking about morality, politics, and religion in a way that speaks to conservatives and liberals alike—a “landmark contribution to humanity’s understanding of itself” (The New York Times Book Review). Drawing on his twenty-five years of groundbreaking research on moral psychology, Jonathan Haidt shows how moral judgments arise not from reason but from gut feelings. He shows why liberals, conservatives, and libertarians have such different intuitions about right and wrong, and he shows why each side is actually right about many of its central concerns. In this subtle yet accessible book, Haidt gives you the key to understanding the miracle of human cooperation, as well as the curse of our eternal divisions and conflicts. If you’re ready to trade in anger for understanding, read The Righteous Mind.