Moral Markets: The Critical Role of Values in the Economy

Geoffrey M. Hodgson

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    Abstract

    This is an interesting and important collection of essays, indicating some important shifts of thinking and some of the positive benefits of work in "neuro-economics." The title of the volume has a double meaning: (1) that (some or all) markets are intrinsically and morally good, or (2) that despite the role of self-interest, market transactions are unavoidably infused with moral considerations. The comments on the back cover point to the latter meaning, redolent of Adam Smith in the Moral Sentiments. So I was disappointed to find that the editor and some of the contributors also entertain a crude version of the first.
    Original languageEnglish
    Pages (from-to)1184-1188
    Number of pages5
    JournalJournal of Economic Issues
    Volume42
    Issue number4
    Publication statusPublished - Dec 2008

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