Creating Wealth: Ethical and Economic Perspectives (Second Revised Edition)

Creating Wealth: Ethical and Economic Perspectives is a collection of classic and contemporary economic and philosophical readings that explore these questions: How do agents in the marketplace manage to cooperate? When does such cooperation make the world a better place? What do agents in the marketplace need to do in order to succeed? What do they need to do to deserve to succeed? This text includes an introduction by the author, David Schmidtz, which gives readers a nontechnical overview of an ethical framework for evaluating both market behavior and market institutions. This is an ideal reader for classes in political philosophy, business ethics, ethics and economics, or contemporary moral problems. The readings selected for Creating Wealth are organized in seven topical chapters:

• Cooperation and Division of Labor
• Trust and Trade
• Responsibility and Externalities
• Mutual Respect and Exploitation
• Self-Respect and Alienation
• Order and Incentives
• Equality and Mutual Advantage

David Schmidtz is Kendrick Professor of Philosophy, Joint Professor of Economics, and founding Director of the Center for Philosophy of Freedom at the University of Arizona, which is ranked as tied for first in the world (along with Harvard and New York University) in the field of political philosophy by the most recent edition of the Philosophical Gourmet. David is author of Rational Choice and Moral Agency (Princeton), Elements of Justice (Cambridge), Person, Polis, Planet (Oxford), and co-author with Jason Brennan of A Brief History of Liberty (Blackwell). He also serves on the board of BASIS High School in Tucson, and collaborates with the Office for Economic Education at the Norton School of Family and Consumer Science at the University of Arizona to offer a Master's Degree for high school economics teachers.