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The Moral Conditions of Economic Efficiency by Walter J. Schultz (Hardcover, 2001)

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In the late eighteenth century, Adam Smith significantly shaped the modern world by claiming that when people individually pursue their own interests, they are together led towards achieving the common good. But can a population of selfish people achieve the economic common good in the absence of moral constraints on their behavior? If not, then what are the moral conditions of market interaction which lead to economically efficient outcomes of trade? Answers to these questions profoundly affect basic concepts and principles of economic theory, legal theory, moral philosophy, political theory, and even judicial decisions at the appellate level. Walter Schultz illustrates the deficiencies of theories which purport to show that markets alone can provide the basis for efficiency. 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 which make these positive outcomes possible.

Product Identifiers

Publisher
Cambridge University Press
ISBN-13
9780521801782
eBay Product ID (ePID)
96570090

Product Key Features

Book Title
The Moral Conditions of Economic Efficiency
Author
Walter J. Schultz
Format
Hardcover
Language
English
Topic
Popular Philosophy
Publication Year
2001
Number of Pages
160 Pages

Dimensions

Item Height
229mm
Item Width
13mm
Item Weight
410g

Additional Product Features

Title_Author
Walter J. Schultz
Series Title
Cambridge Studies in Philosophy and Law
Country/Region of Manufacture
United Kingdom

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The Moral Conditions of Economic Efficiency by Walter J. Schultz (Hardcover, 2001)

About this product

Product Information

Product Identifiers

Product Key Features

Dimensions

Additional Product Features

Best Selling in Books

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