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Markets and Morality

Jagdish N. Bhagwati

Title:
Markets and Morality
Author(s):
Bhagwati, Jagdish N.
Date:
Type:
Articles
Department:
Economics
Volume:
101
Permanent URL:
Book/Journal Title:
American Economic Review
Abstract:
The paper addresses two issues. First, economics has evolved both as a positive science and, from moral philosophy, also as a normative discipline. Advancing the public good requires that public policy walk on both these legs. Second, the criticism has been forcefully made that markets undermine morality. This contention is refuted in several ways.
Subject(s):
Economics
Publisher DOI:
http://dx.doi.org/10.1257/aer.101.3.162
Item views:
242
Metadata:
text | xml

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