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Perfect Markets and Easy Virtue
Business Ethics and the Invisible Hand

William J. Baumol (Author), Sue Anne Batey Blackman (With)

9781557862488, Wiley

Hardback, published 6 February 1992

148 pages
22.8 x 14.9 x 1.3 cm, 0.284 kg

How businesses affect economies and societies

Can companies operate with social responsibility? Perfect Markets and Easy Virtue: Business Ethics and the Invisible Hand scrutinizes the effects of a competitive business market on society. It proposes that perfect competition encourages the creation of products with lower quality by firms that find it hard to be socially responsible. The book also offers potential solutions for the issues businesses are facing, such as being competitive and environmentally friendly.

Preface VI

1 (Almost Perfect Competition (Contestability) and Business Ethics 1

2 "Perfect" Market Forms and Intertemporal Optimality 24

3 Social Policy: Pricing Devices to Aid the Invisible Hand 46

William J. Baumol Publications 75

Index 131

Subject Areas: Economics [KC]

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