The Journal of Markets and Morality 

About: The Journal of Markets and Morality is an academic journal. The journal publishes majorly in the area(s): Morality & Politics. It has an ISSN identifier of 1098-1217. Over the lifetime, 509 publications have been published receiving 2727 citations.

The Effects of the Interaction of Formal and Informal Institutions on Social Stability and Economic Development

Abstract: This book argues that the capacity of a country to develop, and the levels of economic and social development achieved, depend more on the institutional parameters within which the development policies are implemented than on the policies themselves. It contends that forces of globalisation influence individual countries' economic and social institutions.

The Primacy of Culture

Abstract: Every human being is an individual. Considered in this way, one’s materiality differentiates one from others. However, every human being is also a person. To be a human person includes both objectivity and subjectivity, both physicality and spirituality. A person is endowed with the capacity for rational activity. As such, every person is endowed with the capacity for self-reflection and interiority. The human person is a synthesis of two poles. On the one hand, every human person is always situated in one’s physicality, in a particular environment, at a particular time and place, in a specific cultural milieu. On the other hand, every human person is endowed with the capacity to gain a critical distance from one’s situation, to become self-aware, to reflect, and to become detached, taking up a stance over against one’s position in the world. Each of these two capacities, the ability to be immersed in the here-and-now as well as the ability to gain a critical distance from one’s environment, is open to abuse. It is possible to throw oneself so completely into the moment, that one entirely neglects one’s capacity for transcendence, for interiority, and for critical detachment. In this inauthentic mode of existence, one acts as if one is merely part of the crowd, neglecting that one is an individual person. Gregory R. Beabout, "The Primacy of Culture," Journal of Markets and Morality 4, no. 2 (Fall 2001): 344-350

Liberalism, Socialism, and Robust Political Economy

Abstract: Robust political economy requires that both the assumptions of agent benevolence and omniscience be relaxed so that both incentive issues and knowledge problems can be adequately addressed. In this article we seek to (1) develop an understanding of the application of robustness in areas outside of political economy and use this understanding to further our appreciation of the nature of robustness in political economics, (2) explore the robustness of liberalism by considering how it performs under both worst-case motivation conditions and worst-case information conditions in the context of the arguments advanced by the classical economists and Friedrich von Hayek, and (3) explore the fragility of socialism under both best-case incentive conditions and best-case information conditions in the context of the arguments advanced by Ludwig von Mises and Friedrich von Hayek. Peter J. Boettke and Peter T. Leeson, "Liberalism, Socialism, and Robust Political Economy," Journal of Markets & Morality 7, no. 1 (Spring 2004): 99-111