The Moral Conditions of Economic Efficiency (Cambridge Studies in Philosophy and Law) (by Walter J. Schultz)


Author(s): Walter J. Schultz

Publisher: Cambridge University Press
Publish date: 2001-06-18
ISBN-10: 0521801788
ISBN-13: 9780521801782
Language: English
Description: Walter J. Schultz illustrates the deficiencies of theories that
purport to show that markets alone can provide the basis for
efficiency. He argues that markets are not moral-free zones, and
that achieving the economic common good does indeed require
morality. He demonstrates that efficient outcomes of market
interaction cannot be achieved without moral normative constraints
and then goes on to specify a set of normative conditions that make
these positive outcomes possible.

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