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Public lecture: “Why Markets Actually Require Morality to Function Efficiently”
October 30, 2017 @ 5:00 pm - 6:30 pm
“Why Markets Actually Require Morality to Function Efficiently
Abstract: “There is commonly taken to be a fundamental tension between morality and markets. The cost-effective, efficient, profit maximizing course of action and the right course of action often diverge, and it is inefficient and costly to do the right thing, placing such actors at a competitive disadvantage. The suggestion is that markets are spheres that mandate purely self-interested interaction – there is no place for morality within markets. I will argue that such a picture is profoundly and dangerously misleading; indeed, that markets can only function efficiently if morality is integrated into market interactions at the most fundamental level.”
This event is free & open to all. Pizza will be provided!