Morals and Markets: An Evolutionary Account of the Modern World
Categories: Business & Money, Politics & Social Sciences
Economist and evolutionary game theorist Daniel Friedman explains how moral codes and market systems evolved and how they interact. He argues that although they often seem in conflict, both are devices that evolved to help people cooperate and achieve similar ends. Drawing on history and evolutionary theory, Friedman shows that societies function best when morals and markets are in balance, and explores the consequences when one overwhelms the other.
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- Shane Parrish: “Economist and evolutionary game theorist Daniel Friedman demonstrates that our moral codes and our market systems-while often in conflict-are really devices evolved to achieve similar ends, and that society functions best when morals and markets are in balance with each other”