"This is a very interesting and timely argument....the message is important and sobering."--The Enlightened Economist blog
"Following in the tradition of Adam Smith, David Rose provides a modern economic perspective on how 'the wealth of nations' depends on 'a theory of moral sentiments.' This book provides such a theory and explains why all societies attempt to inculcate moral restraints on homo economicus. After reading it you have new insights into how and why morality is so important to economic prosperity."--Terry L. Anderson, Senior Fellow, Hoover Institution, Stanford University and Executive Director, Property and Environment Research Center
"As members of the American body politic, we are failing to transmit intergenerational elements of our cultural heritage without which a free and prosperous society cannot exist. This book brings attention to the moral bases for the civic order that we too often take for granted. Only if we first understand what is happening can the erosion of our moral capital be turned around."--James M. Buchanan, Nobel Laureate in Economics, 1986
"How did we move from the hunter-gatherer societies of our forbearers to the complex globally-interconnected world of today? How does one maintain prosperity when localized knowledge and large numbers of market participants make 'golden opportunities' for undetected opportunistic behavior ever more possible? What sets of moral beliefs are most conducive to maximizing general prosperity, and how are they inculcated? Drawing on, but also going beyond, the ideas of such thinkers as the Smiths (both Adam and Vernon), Douglass North, F. A. Hayek, and others, as well as his own fertile mind, David Rose provides the answers to these and other questions in a book that explores the interstices of economics, cultural studies, and applied moral theory. It is a compelling account."--Bruce Caldwell, Duke University
"Modern economics is returning to its moral philosophy roots; David Rose's The Moral Foundation of Economic Behavior
moves that process along by reconsidering the role of trust and culture in the economy. His approach is unique, insightful, and definitely worth reading."--David Colander, Christian A. Johnson Distinguished Professor of Economics, Middlebury College
Selected one of CHOICE
's "Outstanding Academic Title of 2012"
"Economists and scholars in other fields working on culture, trust, and economic development should consider this book. Experimental economists working on trust and trustworthiness who want more insight into these behaviors should, too. Each chapter builds on the previous ones, taking the reader through organized and pointed discussions in building a case for the primacy of duty-based moral restraint to trust to economic prosperity." --The Journal of Economic Literature
"The book is an extended thought experiment launched by this question: 'If a society's sole objective is to maximize general prosperity and it can choose its own moral beliefs, what kinds of moral beliefs would it choose?'
(p. 4, emphasis in original). The author proposes a sophisticated, novel, and compelling answer to this question. It therefore deserves to be read by anyone with an interest in how to promote human prosperity." --James R. Otteson, Yeshiva University, The Independent Review
"[The Moral Foundation of Economic Behavior
] is so provocative, so carefully constructed, and so potentially pathbreaking, especially for a first book, that it seems to have sprung fully formed like Athena from Zeus's head. Rose's book is full of intriguing insights and provocative discussions. The Moral Foundation of Economic Behavior
is an impressive achievement. It deserves a wide audience. If it gets one, it will inaugurate new and better investigation into the deep connections between morality and prosperity."--EH.Net