2013 | Book | 2. edition
Morals and Markets
The Dangerous Balance
Authors: Daniel Friedman, Daniel McNeill
Publisher: Palgrave Macmillan US
2013 | Book | 2. edition
Authors: Daniel Friedman, Daniel McNeill
Publisher: Palgrave Macmillan US
Friedman and McNeill draw on recent research in evolutionary game theory and behavioral economics to explore the relationship between our moral codes and our market systems. They show how imbalance between morals and markets is at the root of the recent corporate scandals in the US as well as the global financial crisis the world continues to face.