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Are Markets Moral?
Engels
79 b
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In modern society, exchanges between people increasingly take the form of buying and selling goods and services for money. This book addresses the question of what happens to the morality of a society in which money rules the roost. Based on a collection of conference papers, the volume scrutinizes the functionality of a capitalist market society, which is usually praised for the efficiency and dynamism, rather than for its morality. It addresses the dualism behind capitalism's encouragement of greed, which is often considered to be a moral failing, while also being a driver behind economic growth. A major theme of the book is in examining the contamination of moral values, including discussion on security, equality, corruption, the moral limitations of markets, the relationship between money and society, and the problems facing public policy. Markets and Morals provides an insightful debate on the morality of a capitalist market, and is essential reading for scholars and researching of economics and ethics, and it will also appeal to policy-makers, practitioners and the interested lay reader.
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