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OverviewThis book explains why moral beliefs can and likely do play an important role in the development and operation of market economies. It provides new arguments for why it is important that people genuinely trust others-even those whom they know 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 not tied to any particular religion and have nothing 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, not genes, and are therefore able to explain differences in economic performance across societies. Full Product DetailsAuthor: David C. Rose (Professor of Economics, Professor of Economics, University of Missouri - St. Louis)Publisher: Oxford University Press Inc Imprint: Oxford University Press Inc Dimensions: Width: 23.60cm , Height: 2.30cm , Length: 16.30cm Weight: 0.646kg ISBN: 9780199781744ISBN 10: 0199781745 Pages: 288 Publication Date: 15 December 2011 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: Manufactured on demand We will order this item for you from a manufactured on demand supplier. Table of ContentsPreface Acknowledgments 1. Introduction 2. Opportunism 3. Group Size 4. Moral Values 5. Harm-Based Moral Restraint 6. The Empathy Problem 7. Duty-Based Moral Restraint 8. The Moral Foundation 9. Trust 10. Culture 11. Conclusion References IndexReviewsOutstanding Academic Titles 2012, as selected by CHOICE Magazine (December 2012). CHOICE <br> Following in the tradition of Adam Smith, David Rose provides a modern economic perspective on how 'the wealth of nations' depends on 'a theory of moral sentiments.' This book provides such a theory and explains why all societies attempt to inculcate moral restraints on homo economicus. After reading it you have new insights into how and why morality is so important to economic prosperity. --Terry L. Anderson, Senior Fellow, Hoover Institution, Stanford University and Executive Director, Property and Environment Research Center<p><br> As members of the American body politic, we are failing to transmit intergenerational elements of our cultural heritage without which a free and prosperous society cannot exist. This book brings attention to the moral bases for the civic order that we too often take for granted. Only if we first understand what is happening can the erosion of our moral capital be turned around. --James M. Buchanan, Nobel Laureate in Economics, 1986<p><br> How did we Author InformationDavid 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. Tab Content 6Author Website:Countries AvailableAll regions |