Perfect Markets and Easy Virtue

How businesses affect economies and societiesCan 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