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The Moral Foundation of Economic Behavior David C. Rose (Professor of Economics, Professor of Economics, University of Missouri - St. Louis)

The Moral Foundation of Economic Behavior By David C. Rose (Professor of Economics, Professor of Economics, University of Missouri - St. Louis)

The Moral Foundation of Economic Behavior by David C. Rose (Professor of Economics, Professor of Economics, University of Missouri - St. Louis)


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Summary

Events ranging from the Enron scandal to our current global financial meltdown remind us that immoral behavior can undermine even the mightiest economies. This book explains why moral beliefs can and likely do play an important role in the development and operation of market economies.

The Moral Foundation of Economic Behavior Summary

The Moral Foundation of Economic Behavior by David C. Rose (Professor of Economics, Professor of Economics, University of Missouri - St. Louis)

This book explains why moral beliefs can and likely do play an important role in the development and operation of market economies. It shows why the maximization of general prosperity requires that people genuinely trust others - even those whom they know don't particularly care about them. It then identifies characteristics that moral beliefs must have for people to trust others even when there is no chance of detection and no possibility of harming anyone. It shows that when moral beliefs with these characteristics are held 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. The required characteristics are not tied to any specific religious narrative and have nothing to do with the moral earnestness of individuals or the set of moral values. What really matters is how moral beliefs affect the way people think about morality. The required characteristics are based on abstract ideas that must be learned so they are matters of culture, not genes, and are therefore potentially capable of explaining differences in material success across human societies. This work has many theoretical and empirical implications including but not limited to social capital theory and trust-based economic experiments.

The Moral Foundation of Economic Behavior Reviews

Outstanding Academic Titles 2012, as selected by CHOICE Magazine (December 2012). * CHOICE *

About David C. Rose (Professor of Economics, Professor of Economics, University of Missouri - St. Louis)

David C. Rose is Professor of Economics at the University of Missouri-St. Louis. He received his Ph.D. in Economics in 1987 from the University of Virginia. He has published scholarly articles on a wide range of topics in micro and macroeconomics. He frequently contributes to policy debates through radio and television interviews and Op-Eds.

Table of Contents

Preface ; Acknowledgments ; 1. Introduction ; 2. Opportunism ; 3. Group Size ; 4. Moral Values ; 5. Harm-Based Moral Restraint ; 6. The Empathy Problem ; 7. Duty-Based Moral Restraint ; 8. The Moral Foundation ; 9. Trust ; 10. Culture ; 11. Conclusion ; References ; Index

Additional information

NPB9780199781744
9780199781744
0199781745
The Moral Foundation of Economic Behavior by David C. Rose (Professor of Economics, Professor of Economics, University of Missouri - St. Louis)
New
Hardback
Oxford University Press Inc
2011-12-15
288
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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