School or Department

Biblical and Theological Studies

Dates of Service

1997-2001

Files

Download

Excerpt (595 KB)

Publisher's Note

This material has been published in The Moral Conditions of Economic Efficiency by Walter J. Schultz. This version is free to view and download for personal use only. Not for re-distribution, re-sale or use in derivative works. ©Walter J. Schultz, 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

The Moral Conditions of Economic Efficiency

Share

COinS
 
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.