Morals and Markets

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.

Author: D. Friedman

Publisher: Springer

ISBN: 1137331526

Category: Business & Economics

Page: 287

View: 842

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.

Morals and Markets

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.

Author: Viviana A. Rotman Zelizer

Publisher: Columbia University Press

ISBN: 0231545428

Category: Social Science

Page: 236

View: 743

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

The institute therefore commissioned three other distinguished authors to write commentaries on Professor Sacks' paper. The four papers are published in this volume, together with an Afterword by Professor Sacks.

Author: Jonathan Sacks

Publisher: Inst of Economic Affairs

ISBN:

Category: Business & Economics

Page: 57

View: 986

Professor Jonathan Sacks' 1988 IEA Hayek Memorial Lecture on Morals and Markets was generally regarded as one of the most stimulating contributions to this subject in recent years. The institute therefore commissioned three other distinguished authors to write commentaries on Professor Sacks' paper. The four papers are published in this volume, together with an Afterword by Professor Sacks.

Do Markets Corrupt Our Morals

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.

Author: Virgil Henry Storr

Publisher: Springer Nature

ISBN: 3030184161

Category: Business & Economics

Page: 281

View: 720

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.

Morals and Markets

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 ...

Author: D. Friedman

Publisher: Springer

ISBN: 0230614981

Category: Business & Economics

Page: 261

View: 535

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.

Media Markets and Morals

This book investigates the moral role of the media, both ‘old’ and ‘new’, and develops and applies an original ethical framework based on the inherent ethical structure of information.

Author: Edward H. Spence

Publisher: John Wiley & Sons

ISBN: 144439603X

Category: Law

Page: 240

View: 674

Media, Markets, and Morals provides an original ethical framework designed specifically for evaluating ethical issues in the media, including new media. The authors apply their account of the moral role of the media, in their dual capacity as information providers for the public good and as businesses run for profit, to specific morally problematic practices and question how ethical behavior can be promoted within the industry. Brings together experts in the fields of media studies and media ethics, information ethics, and professional ethics Offers an original ethical framework designed specifically for evaluating ethical issues in the media, including new media Builds upon and further develops an innovative theoretical model for examining and evaluating media corruption and methods of media anti-corruption previously developed by authors Spence and Quinn Discloses and clarifies the inherent ethical nature of information and its communication to which the media as providers of information are necessarily committed

Markets Morals and the Law

This collection of essays by one of America's leading legal theorists is unique in its scope: It shows how traditional problems of philosophy can be understood more clearly when considered in terms of law, economics and political science.

Author: Jules L. Coleman

Publisher: Oxford University Press on Demand

ISBN: 9780199253609

Category: Law

Page: 393

View: 843

This collection of essays by one of America's leading legal theorists is unique in its scope: It shows how traditional problems of philosophy can be understood more clearly when considered in terms of law, economics and political science. There are four sections in the book. The first offers anew version of legal positivism and an original theory of legal rights. The second section critically evaluates the economic approach to law, and the third considers the relationship of justice to liability for unintentional harms and to the practice of settling disputes rather than fully litigatingthem. Finally, Coleman explores formal social choice in democratic theory, the relationship between market behaviour and voting, and the view that morality itself, like law, is a solution of the problem of market failure. This book will be of cardinal importance to philosophers of law, legaltheorists, political scientists, and economists.

Capitalism

Taking us on a journey from the Venetian merchants of the Renaissance to the gleaming temples of 21st-century commerce, Plender views capitalism through the eyes of philosophers, novelists, poets, artists and economists.

Author: John Plender

Publisher:

ISBN: 9781785900204

Category:

Page: 352

View: 828

In this incisive, clear-sighted portrait, 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 21st-century commerce, Plender views capitalism through the eyes of philosophers, novelists, poets, artists and economists.

The Morals of Markets and Related Essays

A particular strength of Acton's book is that he is himself something of a moral traditionalist.

Author: Harry Burrows Acton

Publisher:

ISBN:

Category: Business & Economics

Page: 257

View: 678

The Morals of Markets offers a philosophically and historically informed defense of a market-based form of social organization. Acton discusses the profit motive, competition, monopoly, the supposed impersonality of the marketplace, the assumed chaos of markets, self-interest, egalitarianism, central planning, and distributive justice. For all their high moral tone, Acton concludes the criticisms leveled and the political platforms proffered against free markets are full of contradictions and unanalyzed assumptions. A particular strength of Acton's book is that he is himself something of a moral traditionalist.

Morals Markets and Money

The book examines: the history of ethical funds how they are marketed and viewed by the industry and media changes in the investment climate recent policy initiatives the characteristics of ethical investors and their perceptions of current ...

Author: Alan Lewis

Publisher: Financial Times/Prentice Hall

ISBN: 9780273653233

Category: Investments

Page: 214

View: 346

The first UK ethical fund was launched by Friends Provident 'Stewardship' in 1984. There are now about 44 ethical funds totalling around �3 billion in assets, involving 200,000 individual investors. The current government are actively encouraging ethical investment and looking to recommend it as a method for cleaning up markets and industry without direct government intervention. As a result, in July 2001 the first standardized benchmark for socially responsible investment in the UK - the FTSE4Good UK Index - was launched, provoking criticisms concerning the criteria for inclusion in the index. Ethical investors, on the one hand, are driven to increase their wealth but, on the other hand, also want to satisfy their moral concerns. With the consequential restriction of portfolios why are an increasing number of investors doing this? Are people really prepared to take a financial loss in order to maintain their morals? Morals, Market and Money presents the case for ethical investing. It is a timely study of this new, and often controversial, movement and analyses the conflict between 'rational economic man' and 'moral man'. The book examines: the history of ethical funds how they are marketed and viewed by the industry and media changes in the investment climate recent policy initiatives the characteristics of ethical investors and their perceptions of current risk and return. Morals, Markets and Money will be a thought-provoking and illuminating read for economists, financial advisors, professional investors and those with a vested interest in generating wealth without compromising their conscience.

The Morals of the Market

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 ...

Author: Jessica Whyte

Publisher: Verso

ISBN: 1786633116

Category: Political Science

Page: 240

View: 230

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.

Morals and Markets

Author:

Publisher:

ISBN:

Category: Economics

Page:

View: 357


Markets Morals and Policy Making

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 ...

Author: Enrico Colombatto

Publisher: Routledge

ISBN: 1136668071

Category: Business & Economics

Page: 320

View: 606

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.

Morals and Markets

Author: Viviana Zelizer

Publisher:

ISBN:

Category:

Page:

View: 629


Markets Morals Religion

This book of original essays by leading thinkers across many disciplines offers new insights into enduring questions about how modern and modernizing market economies are both shaped by and shapers of morality, values and religion.

Author: Jonathan B. Imber

Publisher: Routledge

ISBN: 9781412806664

Category: Business & Economics

Page: 249

View: 937

This book of original essays by leading thinkers across many disciplines offers new insights into enduring questions about how modern and modernizing market economies are both shaped by and shapers of morality, values and religion.

Markets Morals and Religion

This book of original essays by leading thinkers across many disciplines offers new insights into enduring questions about how modern and modernizing market economies are both shaped by and shapers of morality, values, and religion.

Author: Jonathan B. Imber

Publisher: Routledge

ISBN: 9781138527683

Category:

Page: 249

View: 802

The examination of the relationship of economic activity to other important aspects of human life and social behavior has inspired some of the most interesting and provocative social-scientific research in the past one hundred years. This book of original essays by leading thinkers across many disciplines offers new insights into enduring questions about how modern and modernizing market economies are both shaped by and shapers of morality, values, and religion. Part 1, "Markets and Morals," offers eight contributors who provide analyses of the various ways in which the market operates in relation to morality. An empirical presentation of moral values and market attitudes is given. Other essays take aim at how markets serve and disserve moral interests: Economic growth has moral consequences; the manipulation of markets exposes a moral underside; the nature of market failure has implications for understanding moral vulnerability; preference change has moral implications. In other chapters, a broad consideration of the positive moral effects of market economies is offered along with historical essays on the role that intellectuals have played in debates about the positive and negative effects of commercial life and on the ways in which the American idea of the pursuit of happiness reveals much about the morality of economic life. In Part 2, "Markets and Religion," nine contributors address both the historical and contemporary emergence of religious factors in the growth and transformation of global capitalism. Major religious traditions, including Judaism, Christianity, and Islam are examined for their contributions to answering questions about the nature and function of economic life in light of religious ideas and ideals. Several essays present original approaches to the importance of religious values to modern forms of consumption and to the political economy of reconciliation and forgiveness in nations coming to terms with past conflict. Finally, the influence of non-Western ideas, in particular Chinese religions and Buddhism on economic thought and practice, is assessed as part of the globalizing impact of religion on economic life generally.

Markets Morals and Religion

This book of original essays by leading thinkers across many disciplines offers new insights into enduring questions about how modern and modernizing market economies are both shaped by and shapers of morality, values, and religion.Part 1, ...

Author: Jonathan B. Imber

Publisher: Routledge

ISBN: 1351506803

Category: Business & Economics

Page: 249

View: 206

The examination of the relationship of economic activity to other important aspects of human life and social behavior has inspired some of the most interesting and provocative social-scientific research in the past one hundred years. This book of original essays by leading thinkers across many disciplines offers new insights into enduring questions about how modern and modernizing market economies are both shaped by and shapers of morality, values, and religion.Part 1, "Markets and Morals," offers eight contributors who provide analyses of the various ways in which the market operates in relation to morality. An empirical presentation of moral values and market attitudes is given. Other essays take aim at how markets serve and disserve moral interests: Economic growth has moral consequences; the manipulation of markets exposes a moral underside; the nature of market failure has implications for understanding moral vulnerability; preference change has moral implications. In other chapters, a broad consideration of the positive moral effects of market economies is offered along with historical essays on the role that intellectuals have played in debates about the positive and negative effects of commercial life and on the ways in which the American idea of the pursuit of happiness reveals much about the morality of economic life.In Part 2, "Markets and Religion," nine contributors address both the historical and contemporary emergence of religious factors in the growth and transformation of global capitalism. Major religious traditions, including Judaism, Christianity, and Islam are examined for their contributions to answering questions about the nature and function of economic life in light of religious ideas and ideals. Several essays present original approaches to the importance of religious values to modern forms of consumption and to the political economy of reconciliation and forgiveness in nations coming to terms with past conflict. Finally, t

Markets Morals Manifestos

the Politics of Economic Rationalism in the 1990s Peter Vintila, John Phillimore,
P. W. G. Newman. Contents Acknowledgements Introduction . vii . . . . . . . . . . viii
PART 1 - FIGHTBACK ! IN CONTEXT 1 Markets , Morals and Manifestos Peter ...

Author: Peter Vintila

Publisher:

ISBN:

Category: Australia

Page: 274

View: 248


Morals and markets

Author: Viviana A. Rotman Zelizer

Publisher: Transaction Publishers

ISBN: 9781412829090

Category:

Page:

View: 370


Methods Morals and Markets

Author: Dilip Abreu

Publisher:

ISBN: 9780387542263

Category: Game theory

Page: 367

View: 468