2011 Articles
Markets and Morality
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.
Subjects
Files
- aer.101.3.162.pdf application/pdf 494 KB Download File
Also Published In
- Title
- American Economic Review
- DOI
- https://doi.org/10.1257/aer.101.3.162
More About This Work
- Academic Units
- Economics
- Published Here
- September 5, 2012