Markets and Morality

The paper addresses two issues. First, economics has evolved both as a positive science and, from moral philosophy, also as a normative discipline. Advancing the public good requires that public policy walk on both these legs. Second, the criticism has been forcefully made that markets undermine mor...

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Veröffentlicht in:	The American economic review 2011-05, Vol.101 (3), p.162-165
1. Verfasser:	Bhagwati, Jagdish
Format:	Artikel
Sprache:	eng
Schlagworte:	Analysis Capitalism Classical economics Economic analysis Economics ECONOMICS AS A MORAL SCIENCE Economists Ethics International relations Keynesianism Market economy Market theory Morality Normativity Philosophical analysis Philosophy Positive economics Public good Public goods Public policy Self interest Studies Values
Online-Zugang:	Volltext
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