ABSTRACT
Debates about morals and markets focus on the extent to which morals should—or should not—influence markets. Some argue that markets are more efficient and produce just outcomes if they operate freely from moral values; others argue that social justice requires regulation by morals, even if impedes efficiency; still others argue that morals and markets reciprocally influence one another and that a market separate from morals exists only in theory. The assumption that morals and markets influence each other is consistent with prevailing thought in economic sociology and has been a topic of debate and interest ever since Max Weber wrote the classic The Protestant Ethic and Spirit of Capitalism.
