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The Moral Conditions of Economic Efficiency (Cambridge Studies in Philosophy and Law), by Walter J. Schultz
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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.
- Sales Rank: #3532062 in Books
- Brand: Brand: Cambridge University Press
- Published on: 2001-06-18
- Original language: English
- Number of items: 1
- Dimensions: 8.98" h x .51" w x 5.98" l, .80 pounds
- Binding: Hardcover
- 160 pages
- Used Book in Good Condition
About the Author
Jules Coleman is Wesley Newcomb Hohfeld Professor of Jurisprudence and Philosophy, Yale University. He is the editor of the Journal of Legal Theory.
David Lyons is Professor of law at Boston University and Emeritus Professor of Philosophy and of Law at Cornell University.
Russell Korobkin is a professor of law at the UCLA School of Law and senior fellow at the UCLA Center for Society and Genetics.
Stephen R. Munzer is also a professor of law at the UCLA School of Law and senior fellow at the UCLA Center for Society and Genetics.
Philip Pettit is L. S. Rockefeller University Professor of Politics and Human Values at Princeton University and also Distinguished Professor of Philosophy at the Australian National University. His books include The Common Mind, Republicanism, Rules, Reasons and Norms and Made with Words: Hobbbes on Language, Mind and Politics. Among his recent co-authored books are The Economy of Esteem, with Geoffrey Brennan; A Political Philosophy in Public Life, with Jose Marti; and Group Agency, with Christian List. A collection of papers on his work, Common Minds: Themes from the Philosophy of Philip Pettit, appeared in 2007.
Joseph Raz is Professor of the Philosophy of Law and a Fellow of Balliol College, Oxford. He is also Visiting Professor at Columbia University. A Fellow of the British Academy and an Honorary Member of the American Academy of Arts and Sciences, Professor Raz is the author of The Concept of a Legal System (Oxford, 1970), Practical Reason and Norms (Oxford, 1975), The Authority of Law (Oxford, 1979), The Morality of Freedom (Oxford, 1986), Ethics in the Public Domain (Oxford, 1994), and Engaging Reason (Oxford, 2000).
Jeremy Waldron is Professor of Law and Philosophy at the New York University School of Law and Chichele Professor of Social and Political Theory at All Souls College, Oxford University. He has published extensively on the Rule of Law and property, including God, Locke and Equality and The Dignity of Legislation.
Neil Maccormick is Regius Professor of Public Law at University of Edinbergh.
Most helpful customer reviews
8 of 8 people found the following review helpful.
Schultz revises the Fundamental Theorem
By D. Johnson
This is a brilliant demonstration that a free market can be efficient only with effective, internalized constraints on behavior ("moral" conditions); that a free market without such constraints is inefficient.
Read Chapter 6 first; then read the preceding five-chapter proof if you need to understand the theoretical underpinnings.
If ecomonists understood this proof, it would revolutionize management, government policy, regulatory practise, and judicial review.
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