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CapitalismThe Future of an Illusion$
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Capitalism: The Future of an Illusion

Fred L. Block

Print publication date: 2018

Print ISBN-13: 9780520283220

Published to California Scholarship Online: January 2019

DOI: 10.1525/california/9780520283220.001.0001

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PRINTED FROM CALIFORNIA SCHOLARSHIP ONLINE (www.california.universitypressscholarship.com). (c) Copyright University of California Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CALSO for personal use.date: 26 May 2022

The Illusion That Greed Is Good

The Illusion That Greed Is Good

Chapter:
(p.86) Chapter Four The Illusion That Greed Is Good
Source:
Capitalism
Author(s):

Fred L. Block

Publisher:
University of California Press
DOI:10.1525/california/9780520283220.003.0004

This chapter shows that theorists going back to Adam Smith have recognized that the pursuit of economic self-interest has to be moderated by social and legal restraints. The failure to recognize this in recent decades has produced an epidemic of corporate crime and threatens prosperity.

Keywords:   greed, self-interest, legal realism, free-market theorists

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