The Ambivalent Role of Morality on Markets

Abstract

Addresses the impact of morally motivated conduct on market outcomes. It is contended that morality performs a deeply ambivalent function in market results. It can be a social mechanism that assists the surmounting of market failure, but it can also have strikingly negative consequences. Several shapes in which morality enters markets are distinguished & analyzed, especially in terms of the particular effects of each mode. K. Coddon