Overview

A comprehensive guide to the essential relationship between markets and morals. Smith, Burke and Marx, Durkheim, Polyani and Hayek all sought to situate market exchange and property-based acquisitiveness in the broader context of human interaction and social values. This framework of interdependence and ethics embeds the capitalist market economy in an ongoing whole of which the calculative present day is but a part. The author of this work argues that the stability of conservatism anchors the dynamism of entrepreneurship in a matrix of patterns and habits without which orderly free enterprise would be at risk of degenerating into the Hobbesian war of each against all.

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9780333772829

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'A carefully measured account of the key intellectual work, examining the relationship between markets and morals.' - Michael Pollitt, The Times Higher Education Supplement

Author Information

DAVID REISMAN is Professor of Economics in the University of Surrey. He is the author of Adam Smith's Sociological Economics, Richard Titmuss: Welfare and Society, Galbraith and Market Capitalism, State and Welfare, The Economics of Alfred Marshall, Alfred Marshall: Progress and Politics, The Political Economy of James Buchanan, Theories of Collective Action, Alfred Marshall's Mission, The Political Economy of Health Care, Market and Health, Crosland's Future: Opportunity and Outcome and Anthony Crosland: The Mixed Economy.

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