Epistemic Closure’s Clash with Technology in New Markets

Many people, such as Adam Smith, Milton Friedman, Irving Fisher, and William Sharpe, assume that free markets full of rational people automatically lead to ethical actions and outcomes. After all, at its equilibrium point, a perfectly competitive free market maximizes utility, respects autonomy, and...

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Bibliographic Details
Main Author: Cooley, Dennis R. (Author)
Format: Electronic Article
Language:English
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Published: Springer 2012
In: Journal of business ethics
Year: 2012, Volume: 108, Issue: 2, Pages: 181-199
Further subjects:B epistemic closure
B Rational
B Technology
B Free markets
B Practical moral principle
Online Access: Volltext (JSTOR)
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