ENGLISH

Perfect Markets and Easy Virtue - Business Ethics and the Invisible Hand

By William J. Baumol , Sue Anne Batey Blackman

Book information

Publisher
Blackwell Publishers
Year
1991
ISBN
1557862486
Language
english
Format
PDF
Filesize
12 MB (12647930 bytes)
Pages
152\152
Topic
Economy
Time added
2019-07-09 06:25:50
BusinessEconomicsEthics

Description

Perfect Markets and Easy Virtue examines the effects of the market mechanism on economies and societies. It argues that perfect competition has a tendency to promote adulteration of products and a general deterioration in quality. It also contends that it is very difficult for competitive firms to behave in socially desirable ways - being kind to the environment, contributing to worthy social programmes, handling redundancy humanely. The book goes on to propose ways in which these flaws might be remedied without subverting the market mechanism.

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