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The Moral Conditions of Economic Efficiency 1st Edition by Walter Schultz 9780521801782 0521801788

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The Moral Conditions of Economic Efficiency 1st Edition Walter J. Schultz Digital Instant Download

Author(s): Walter J. Schultz
ISBN(s): 9780521801782, 0521801788
Edition: 1
File Details: PDF, 3.49 MB
Year: 2008
Language: english
SKU: EB-1655420 Category: Tag:

The Moral Conditions of Economic Efficiency 1st Edition by Walter Schultz – Ebook PDF Instant Download/Delivery: 9780521801782, 0521801788

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Product details:

ISBN 10: 0521801788

ISBN 13: 9780521801782

Author: Walter J. Schultz

Walter J. Schultz illustrates the deficiencies of theories that purport to show that markets alone can provide the basis for efficiency. He argues that markets are not moral-free zones, and that achieving the economic common good does indeed require morality. He demonstrates that efficient outcomes of market interaction cannot be achieved without moral normative constraints and then goes on to specify a set of normative conditions that make these positive outcomes possible.

Table of contents:

Chapter 1: Introduction and Synopsis

Chapter 2: A Contextualized Proof of the First Fundamental Theorem of Welfare Economics

Chapter 3: The Moral Thesis: Moral Normative Constraints Are Necessary Conditions of Pareto-Optimal Equilibrium Allocations of Commodities Achieved through Market Interaction

Chapter 4: A Spontaneous Order Objection

Chapter 5: The Roles of Moral Normative Constraints in Relation to Externalities

Chapter 6: The Moral Conditions of Economic Efficiency

Chapter 7: Implications

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Tags: Walter Schultz, Moral, Conditions, Economic