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Published: 06 March 2014

288 Pages | 4 illustrations


ISBN: 9780199360598

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The Moral Foundation of Economic Behavior

David C. Rose

  • An open ended thought experiment launched by the question: If a society's sole objective is to maximize general prosperity, given the moral beliefs it chooses, what kinds of beliefs would it choose?
  • Explains why culture alone is capable of producing a high trust society
  • Shows how our intuitions for basic human decency are insufficient for reckoning with an efficient market economy, and that the key therefore is trust over the span of large societies, as counter-intuitive as that may seem
  • Illuminates implications not just for social capital theory and relational contract theory, but for the analysis of aggregate economic performance across societies and for trust related economic experiments

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