© 2008

Morals and Markets

An Evolutionary Account of the Modern World

  • Authors

Table of contents

  1. Front Matter
    Pages i-v
  2. Daniel Friedman
    Pages 1-7
  3. Daniel Friedman
    Pages 9-24
  4. Daniel Friedman
    Pages 25-41
  5. Daniel Friedman
    Pages 43-58
  6. Daniel Friedman
    Pages 59-71
  7. Daniel Friedman
    Pages 73-82
  8. Daniel Friedman
    Pages 83-91
  9. Daniel Friedman
    Pages 93-105
  10. Daniel Friedman
    Pages 107-124
  11. Daniel Friedman
    Pages 125-142
  12. Daniel Friedman
    Pages 143-155
  13. Daniel Friedman
    Pages 157-168
  14. Daniel Friedman
    Pages 169-181
  15. Back Matter
    Pages 183-261

About this book


In this book, economist and evolutionary game theorist Daniel Freidman 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.


communism conflict cooperation environment financial market financial markets Russia transformation transition trust

About the authors

DANIEL FRIEDMAN is Professor of Economics at UC Santa Cruz, USA.

Bibliographic information


'Anyone interested in markets and morals, perhaps the central issue of our time, should read this very interesting and thoughtful book.' - Tyler Cowen, Professor of Economics, George Mason University, USA

'The message markets plus moral is excellent, it is consonant with behavioral game theory's results, including experiments with small-scale societies, and with McCloskey's recent book on bourgeois morality. But, Friedman's message is simpler and clearer.' - Herbert Gintis, Santa Fe Institute, Central Europe University (Budapest), Hungary

'I have been waiting for someone to write this book for a long time. Its use of historical anecdotes to explain why one cannot divorce a society's economics from its social contract is utterly convincing.' - Ken Binmore, Professor Emeritus, University College London, UK

'This book expertly addresses the most important issues confronting the continued evolution of morals and instituions for human socioeconomic betterment.' - Vernon L. Smith, George L. Argyros Chair in Finance& Economics, Chapman University, USA