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The most damning criticism of markets is that they are morally corrupting. Even Adam Smith, who famously celebrated markets, believed that there were moral costs associated with life in market societies.
Elinor C. Ostrom, a Nobel prize winning political economist, made important contributions to common pool resources, economic governance, and polycentricity. Viviana A. Zelizer, a prominent economic sociologist, has done groundbreaking work on how culture shapes our economic lives. Together, the work of Ostrom and Zelizer spans the disciplines of economics, sociology, political science, and public policy by exploring the social relations and community-based organization of everyday life. Both scholars examine the norms, social connections, and cultural impacts of exchange and governance. This volume explores their contributions and builds off of their research programs to explore the social movements, community recovery, and war, and women¿s issues across a variety of disciplines, including economics, political science, sociology, history, and archaeology.Inspired by Zelizer¿s 2019 Ostrom Speaker Series lecture for the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University, this volume explores the connections between the work of Elinor Ostrom and Viviana Zelizer. Beginning with a lead chapter by Zelizer where she reflects on the connections between her work and Ostrom¿s oeuvre, the volume brings together scholars who tease out some of the important concepts and implications of Ostrom and Zelizer¿s research. This volume furthers economic inquiry by ensuring that the critical examinations of these timely and important themes are made available to students and scholars.
Enterprising Slaves & Master Pirates is an interdisciplinary account of economic life in the Bahamas. The Bahamas¿ economic story is an interesting tale, full of vibrant color ¿ a story of short-lived booms followed by protracted busts, where discussions of economic success force us to mention fanciful figures such as the pirates Blackbeard and Calico Jack, and where accounts of economic woe, such as the collapse of the cotton market, are punctuated by descriptions of the clamor of Sunday markets or the unique practice of self-hire. Since the almost simultaneous settling of the Bahamas by pirates and Puritan farmers in the 17th century, two ideal typical entrepreneurs have dominated the region¿s economic life: the enterprising slave (encouraging Bahamian businessmen to work hard, to be creative and to be productive), and the master pirate, (demonstrating how success is more easily attained through cunning and deception). In addition to Caribbean Studies scholars, this book will appeal to students of culture interested in economic development, and economists interested in how culture impacts development efforts.
Explores the role of entrepreneurs in bringing about community rebound after disasters, with particular attention to recovery efforts following Hurricane Katrina and Hurricane Sandy.
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