Cover of Morals and Markets

Book 2008

Morals and Markets

4.01 2 readers shelved it

Publisher
Palgrave Macmillan
Language
English
Published
2008
  • Free enterprise
  • Capitalism
  • Business ethics
  • Sociological aspects
  • Moral and ethical aspects
  • Economics
  • Economic history
  • Business enterprises

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.