Morals and Markets The Dangerous Balance
Friedman and McNeill draw on recent research in evolutionary game theory and behavioral economics to explore the relationship between our moral codes and our market systems. They show how imbalance between morals and markets is at the root of the recent c
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Copyright material from www.palgraveconnect.com - licensed to HEC Montreal - PalgraveConnect - 2015-07-06
Morals and Markets
10.1057/9781137331526 - Morals and Markets, Daniel Friedman and Daniel McNeill
Copyright material from www.palgraveconnect.com - licensed to HEC Montreal - PalgraveConnect - 2015-07-06
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10.1057/9781137331526 - Morals and Markets, Daniel Friedman and Daniel McNeill
Morals and Markets
Second Edition
Daniel Friedman and Daniel McNeill
10.1057/9781137331526 - Morals and Markets, Daniel Friedman and Daniel McNeill
Copyright material from www.palgraveconnect.com - licensed to HEC Montreal - PalgraveConnect - 2015-07-06
The Dangerous Balance
MORALS AND MARKETS
Copyright © Daniel Friedman and Daniel McNeill, 2013. All rights reserved. First published in 2013 by PALGRAVE MACMILLAN® in the United States— a division of St. Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010.
Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN: 978–1–137–28258–3 Library of Congress Cataloging-in-Publication Data Friedman, Daniel, 1947– Morals and markets : the dangerous balance / Daniel Friedman and Daniel McNeill. pages cm ISBN 978–1–137–28258–3 (alk. paper) 1. Economics—Moral and ethical aspects. 2. Economics—Sociological aspects. 3. Capitalism—Moral and ethical aspects. 4. Economic history. I. McNeill, Daniel. II. Title. HB72.F75 2013 174⬘.4—dc23
2012046886
A catalogue record of the book is available from the British Library. Design by Newgen Imaging Systems (P) Ltd., Chennai, India. Second edition: June 2013 10 9 8 7 6 5 4 3 2 1 Printed in the United States of America.
10.1057/9781137331526 - Morals and Markets, Daniel Friedman and Daniel McNeill
Copyright material from www.palgraveconnect.com - licensed to HEC Montreal - PalgraveConnect - 2015-07-06
Where this book is distributed in the UK, Europe and the rest of the world, this is by Palgrave Macmillan, a division of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS.
To Rosalind Gold, with love. —D. M.
10.1057/9781137331526 - Morals and Markets, Daniel Friedman and Daniel McNeill
Copyright material from www.palgraveconnect.com - licensed to HEC Montreal - PalgraveConnect - 2015-07-06
To the memory of my mom, Marion Thelma Siegel Friedman (1918–1997). Biology teacher and humanist, skeptic and spiritual seeker, she first got me thinking about many of questions asked in this book. —D. F.
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10.1057/9781137331526 - Morals and Markets, Daniel Friedman and Daniel McNeill
Prologue: A Tale of Two Tilts I
1
Two Halves of the Balance
1 The Savanna Code: What Good Are Morals? 2 The Rise of W
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