David C. Rose

in The Moral Foundation of Economic Behavior

Published in print November 2011 | ISBN: 9780199781744
Published online January 2012 | e-ISBN: 9780199919116 | DOI:

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This chapter summarizes the main argument. It discusses the implications this book has for the culture versus institutions debate and social capital theory, as well as several other avenues for future work. It proposes several sharp empirical implications. It offers a number of speculations, including what this work has to say about the rise and fall of societies generally, arguing that it is foolhardy to take solace in the fact that much of morality is hardwired. It reviews some interesting ironies, most notably that if neoclassical explanations for moral behavior are right, we would not likely have the kind of economy for which neoclassical economics was invented to study. Finally, a troubling trend is noted – the way we teach moral education today largely undermines the moral foundation.

Keywords: culture; institutions; moral education; social capital

Chapter.  8429 words. 

Subjects: Economics

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