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9780199781744

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Outstanding Academic Titles 2012, as selected by CHOICE Magazine (December 2012). CHOICE

<br> Following in the tradition of Adam Smith, David Rose provides a modern economic perspective on how 'the wealth of nations' depends on 'a theory of moral sentiments.' This book provides such a theory and explains why all societies attempt to inculcate moral restraints on homo economicus. After reading it you have new insights into how and why morality is so important to economic prosperity. --Terry L. Anderson, Senior Fellow, Hoover Institution, Stanford University and Executive Director, Property and Environment Research Center<p><br> As members of the American body politic, we are failing to transmit intergenerational elements of our cultural heritage without which a free and prosperous society cannot exist. This book brings attention to the moral bases for the civic order that we too often take for granted. Only if we first understand what is happening can the erosion of our moral capital be turned around. --James M. Buchanan, Nobel Laureate in Economics, 1986<p><br> How did we

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David C. Rose is Professor of Economics at the University of Missouri-St. Louis. He received his Ph.D. in Economics in 1987 from the University of Virginia. He has published scholarly articles on a wide range of topics in micro and macroeconomics. He frequently contributes to policy debates through radio and television interviews and Op-Eds.

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