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CapitalismThe Future of an Illusion$
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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

(p.86) Chapter Four The Illusion That Greed Is Good

Fred L. Block

University of California Press

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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