The Moral Conditions of Economic Efficiency
By:Walter J. Schultz
Published on 2008-01-03 by Cambridge University Press
In the late eighteenth century, Adam Smith significantly shaped the modern world by claiming that when people individually pursue their own interests, they are together led towards achieving the common good. But can a population of selfish people achieve the economic common good in the absence of moral constraints on their behavior? If not, then what are the moral conditions of market interaction which lead to economically efficient outcomes of trade? Answers to these questions profoundly affect basic concepts and principles of economic theory, legal theory, moral philosophy, political theory, and even judicial decisions at the appellate level. Walter Schultz illustrates the deficiencies of theories which purport to show that markets alone can provide the basis for efficiency. 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 which make these positive outcomes possible.
This Book was ranked at 29 by Google Books for keyword markets and efficiency.
Book ID of The Moral Conditions of Economic Efficiency's Books is 2gUz_Syx7hQC, Book which was written byWalter J. Schultzhave ETAG "8UUI0RbwUGs"
Book which was published by Cambridge University Press since 2008-01-03 have ISBNs, ISBN 13 Code is 9780521048279 and ISBN 10 Code is 0521048273
Reading Mode in Text Status is false and Reading Mode in Image Status is true
Book which have "160 Pages" is Printed at BOOK under CategoryBusiness and Economics
This Book was rated by Raters and have average rate at ""
This eBook Maturity (Adult Book) status is NOT_MATURE
Book was written in en
eBook Version Availability Status at PDF is falseand in ePub is false
Book Preview
Tidak ada komentar:
Posting Komentar