The Moral Conditions of Economic Efficiency

Title

The Moral Conditions of Economic Efficiency

Files

School or Department

Biblical and Theological Studies

Dates of Service

1997-2001

Description

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.

ISBN

0521801788

Publication Date

2001

Publisher

Cambridge University Press

City

Cambridge, England

Disciplines

Behavioral Economics | Economics | Economic Theory