The Moralization Of Markets

The Moralization Of Markets

by Nico Stehr
     
 

Nothing affects the modern economy (and society) more than decisions made in the market place, especially, but not only, decisions made by consumers. Although it is not startling to suggest that decisions made in production are affected by choices consumers make, consumers have long been viewed, not only by academic economists, as individual, isolated rational

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Overview

Nothing affects the modern economy (and society) more than decisions made in the market place, especially, but not only, decisions made by consumers. Although it is not startling to suggest that decisions made in production are affected by choices consumers make, consumers have long been viewed, not only by academic economists, as individual, isolated rational actors that make or refrain from purchases purely on the basis of narrow financial considerations. Markets are not and never were morally neutral. Market relations have always had an often taken-for-granted moral underpinning. The moralization of the markets refers to the dissolution and replacement of the conventional moral underpinnings of market conduct, for example, in the music market, financial markets, and corporate governance. It further implies not only the heightened importance of new ethical precepts, but the significant change in the role of moral ideals in market behavior. These profound transformations of economic conduct are accompanied and co-determined by societal conflicts. The moralization of markets represents thus a new stage in the social evolution of markets. The book is divided into four parts, in which the twelve chapters, written by contributors from different social science disciplines, deal with the context of the moralization of the markets; the major social institutions; and present case studies that examine European and American attitudes and behavior towards tobacco and GMO; expansion of the private and ethics in business; and how workers respond to the new corporate norms. This volume will be of interest to sociologists, economists, social scientists, and the general consumer alike.

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Editorial Reviews

From the Publisher

"This collection deals with one of the most important problems of the contemporary world, with some of the problems generated by the neoliberal market-fundamentalist. It is one of the best collections of discourses on this problematic." --Prof. S.N. Eisenstadt, The Jerusalem Van Leer Institute

"The editors compiled a volume that delves into the foundations of normative behavior by exploring the specific contribution of morality, thus going beyond the existing sociological literature on the role played by the norms in facilitating exchange and reinforcing group behavior. There are a number of valuable contributions not mentioned above, and scholars from many disciplines will benefit from the essays presented in this volume." --Canadian Journal of Sociology

Product Details

ISBN-13:
9781412810890
Publisher:
Transaction Publishers
Publication date:
10/01/2009
Pages:
384
Product dimensions:
6.00(w) x 8.90(h) x 0.90(d)

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