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The Moral Foundation of Economic Behavior
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The Moral Foundation of Economic Behavior

David C. Rose

Abstract

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 others 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 soc ... More

Keywords: culture, economic experiments, empathy, ethics, institutions, opportunism, moral beliefs, social capital, transaction costs, trust

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780199781744
Published to Oxford Scholarship Online: January 2012 DOI:10.1093/acprof:oso/9780199781744.001.0001

Authors

Affiliations are at time of print publication.

David C. Rose, author
University of Missouri - St. Louis

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