Morality in Economics
Michael challenges the traditional view of homo economicus, arguing that a society built solely on self-interest would collapse. He suggests that moral convictions and the desire for social approval should be seen as integral to human objectives, rather than mere constraints. This perspective highlights the importance of conscience in maintaining a civilized society, where our actions are influenced by how we wish to be perceived by others.In this clip
From this podcast
EconTalk
Russ Roberts and Michael Munger on How Adam Smith Can Change Your Life
Related Questions
Is monetary gain the only motivation for people in their careers, as discussed in the episode Michael Munger on Love, Money, Profits, and Non-profits and the clip Love vs. Money, as well as in the episode 2: Rob Weinhold | The Art of Crisis Leadership and the clip Motivators of Bad Deeds?
Is monetary gain the only motivation for people in their careers, as discussed in the episode Michael Munger on Love, Money, Profits, and Non-profits and the clip Love vs. Money, as well as in the episode 2: Rob Weinhold | The Art of Crisis Leadership and the clip Motivators of Bad Deeds?