000 02756cam a2200253 i 4500
999 _c23477
_d23477
001 56686
010 _a 2012046886
020 _a9781137282583 (alk. paper)
040 _aDLC
082 0 0 _a174/.4
100 1 _aFriedman, Daniel,
_d1947-
_941907
245 1 0 _aMorals and markets :
_bthe dangerous balance /
_cDaniel Friedman and Daniel McNeill.
250 _a2nd ed.
300 _a287 p. ;
_c24 cm.
505 0 _aThe Savanna code: what good are morals? -- The rise of wealth: how we became civilized and started shopping -- From Melqart to Zombieworld: adventures in imbalance -- Madness, lies, and crashes: when prices run free -- Blundering back to balance: TARP and tear gas -- China: morals and the rush to wealth -- From Hudson's Bay to eBay: why some people like going to work -- Markets and sin: murder, mega-casinos, and drug wars -- Underworlds: the tao of gangs -- Cooling the earth: the preservation markets -- The world ahead.
520 _aAn updated book on markets and morals that includes new insights into the 2008 financial crash from a historical and ethical economic perspectiveEconomist Daniel Friedman draws on recent research in evolutionary game theory and behavioral economics to explore the relationship between our moral codes and our market systems. Why are they so often at odds? Friedman traces the evolutionary history of morals and markets, and argues that both are devices humans have evolved to cope with the inherent conflict between individual and group needs. Morals work well to prevent and solve this conflict within small groups, but tend to break down at larger scale. Markets efficiently organize the activities of very large groups - even billions of people - but large markets tend to be ruthless, ignoring the needs of individuals and small groups. Friedman shows how imbalance between morals and markets is at the root of such problems as the recent corporate scandals in the United States including the global financial crisis the world continues to face. On the other hand, balance between moral and market concerns has resulted in creative, sustainable solutions to some of our most intractable problems. Acid rain, for example, has been cut in half in large part because of emissions trading programs. Friedman explores this and other ways moral and market forces can be balanced to achieve better solutions than either could on its own.
650 0 _aEconomics
_xMoral and ethical aspects.
_98834
650 0 _aEconomics
_xSociological aspects.
_91274
650 0 _aCapitalism
_xMoral and ethical aspects.
_914914
650 0 _aEconomic history.
_9928
700 1 _aMcNeill, Daniel.
_941908
856 _uhttps://uowd.box.com/s/n8y450al2ckngb55mj94i0499dltaz12
_zLocation Map
942 _cREGULAR
_2ddc