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The Moral Foundation of Economic Behavior (9780199781744): David C. Rose: Books. This is a very interesting and timely argument....the message is important and sobering.--The Enlightened Economist blogFollowing 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 CenterAs 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, 1986How did we move from the hunter-gatherer societies of our forbearers to the complex globally-interconnected world of today? How does one maintain prosperity when localized knowledge and large numbers of market participants make 'golden opportunities' for undetected opportunistic behavior ever more possible? What sets of moral beliefs are most conducive to maximizing general prosperity, and how are they inculcated? Drawing on, but also going beyond, the ideas of such thinkers as the Smiths (both Adam and Vernon), Douglass North, F. A. Hayek, and others, as well as his own fertile mind, David Rose provides the answers to these and other questions in a book that explores the interstices of economics, cultural studies, and applied moral theory. It is a compelling account.--Bruce Caldwell, Duke UniversityModern economics is returning to its moral philosophy roots; David Rose's The Moral Foundation of Economic Behavior moves that process along by reconsidering the role of trust and culture in the economy. His approach is unique, insightful, and definitely worth reading.--David Colander, Christian A. Johnson Distinguished Professor of Economics, Middlebury College
Shipping Weight: 2 pounds
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