Virtues, Morals and Markets: Why Moral Identity Matters (Routledge Advances in Social Economics)

Being oblivious to the motivational nuances behind human behavior could lead one to overlook the distinction that a good action does not always indicate a good character.Conversely, this book argues that such nuances are paramount.Focusing on character over consequences is vital because motivational differences have fundamental implications for the welfare of the individual and society.Drawing on Aristotelian virtue ethics, the book argues that the utilitarian economic rhetoric, the rise of identity politics, and the growing commodification have allowed an illusion that moral and economic lives can be detached to take root in our culture.The book provides a robust philosophical argument articulating the inadequacy of the modern conception of morality (as a set of universal rules) that underlies economics and many modern-day institutions and aims to create a greater awareness of the connection between virtuous character and leading fulfilled lives.Integrating contemporary empirical find