Do markets corrupt our morals?
The most damning criticism of markets is that they are morally corrupting. As we increasingly engage in market activity, the more likely we are to become selfish, corrupt, rapacious and debased. Even Adam Smith, who famously celebrated markets, believed that there were moral costs associated with life in market societies. This book explores whether or not engaging in market activities is morally corrupting. Storr and Choi demonstrate that people in market societies are wealthier, healthier, hap…
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- Full title :Do markets corrupt our morals? / Virgil Henry Storr, Ginny Seung Choi.
Summary
The most damning criticism of markets is that they are morally corrupting. As we increasingly engage in market activity, the more likely we are to become selfish, corrupt, rapacious and debased. Even Adam Smith, who famously celebrated markets, believed that there were moral costs associated with life in market societies. This book explores whether or not engaging in market activities is morally corrupting. Storr and Choi demonstrate that people in market societies are wealthier, healthier, happier and better connected than those of societies where markets are more restricted. More provocatively, they explain that successful markets require and produce virtuous participants. Markets serve as moral spaces that both rely on and reward their participants for being virtuous. Rather than harming individuals morally, the market is an arena where individuals are encouraged to be their best moral selves. Do Markets Corrupt Our Morals? invites us to reassess the claim that markets corrupt our morals.
Read More ↓Edition Statements
- Publication Date:2019
Publication Statements
- Publisher(s):Palgrave Macmillan
- Place of Publication:Cham, Switzerland
- Language:eng
- Publication Date:2019
The Physical Object
- Description:1 online resource
Edition Identifiers
- ISBN:3030184161, 9783030184162
- oclc:on1114494807
- LC Classification:HB501
- Dewey Decimal:306.3/42
Table of Contents
1. Can Markets Be Moral? -- 2. Markets as Monsters -- 3. Markets as Unintentionally Moral Wealth Creators -- 4. People Can Improve Their Lives Through Markets -- 5. Markets Are Moral Spaces -- 6. Markets Are Moral Training Grounds -- 7. What If Markets Are Really Moral?
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