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- DescriptionThis book explains why moral beliefs can and likely do play an important role in the development and operation of market ecomies. It provides new arguments for why it is important that people genuinely trust others-even those whom they kw don't particularly care about them-because in key circumstances institutions are incapable of combating opportunism. It then identifies specific characteristics that moral beliefs must have for the people who possess them to be regarded as trustworthy. When such moral beliefs are held with sufficient conviction by a sufficiently high proportion of the population, a high trust society emerges that supports maximum cooperation and creativity while permitting honest competition at the same time. Such moral beliefs are t tied to any particular religion and have thing to do with moral earnestness or the set of moral values-what matters is how they affect the way people think about morality. Such moral beliefs are based on abstract ideas that must be learned so they are matters of culture, t genes, and are therefore able to explain differences in ecomic performance across societies.
- Author BiographyDavid C. Rose is Professor of Economics at the University of Missouri-St. Louis. He received his Ph.D. in Economics in 1987 from the University of Virginia. He has published scholarly articles on a wide range of topics in micro and macroeconomics. He frequently contributes to policy debates through radio and television interviews and Op-Eds.
- PrizesWinner of Choice Magazine Outstanding Reference/Academic Book Award 2012.
- Author(s)David C. Rose
- PublisherOxford University Press Inc
- Date of Publication06/03/2014
- SubjectEconomics: Textbooks & Study Guides
- Place of PublicationNew York
- Country of PublicationUnited States
- ImprintOxford University Press Inc
- Content Note4 illustrations
- Weight432 g
- Width162 mm
- Height234 mm
- Spine16 mm
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