The Moral Conditions of Economic Efficiency (Cambridge Studies in Philosophy and Law)

The Moral Conditions of Economic Efficiency (Cambridge Studies in Philosophy and Law)

Editorial Reviews
Book Description
Walter J. Schultz illustrates the deficiencies of theories that purport to show that markets alone can provide the basis for efficiency. He argues that markets are not moral-free zones, and that achieving the economic common good does indeed require morality. He demonstrates that efficient outcomes of market interaction cannot be achieved without moral normative constraints and then goes on to specify a set of normative conditions that make these positive outcomes possible.

Book Info
A theoretical text examining the issue of morality in the economic markets, as it relates to market efficiency. The theory presented by the author focuses on the process of market interaction itself to prove that selfishness alone cannot provide for the common good, as suggested by Adam Smith. DLC: Economics--Moral and ethical aspects.

The Moral Conditions of Economic Efficiency (Cambridge Studies in Philosophy and Law),Walter J. Schultz,Gerald Postema,Jules Coleman,Antony Duff,David Lyons,Neil MacCormick,Stephen R. Munzer,Philip Pettit,Joseph Raz,Jeremy Waldron,Cambridge University Press,0521801788,Business & Economics,Business / Economics / Finance,Business/Economics,Economic Theory,Economics,Economics - General,Economics - Theory,Ethics & Moral Philosophy,Ethics (Specific Aspects),General,Moral and ethical aspects,Economics--Moral and ethical aspects,Philosophy / General

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