Lesson 6: Virtue | Intercollegiate Studies Institute

Lesson 6 Lesson 6: Virtue

Presented by: Dr. Daniel Hammond
Wake Forest

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Virtues and the Production of Wealth

Everything has its limits–including economic analyses and policy. To fully understand how markets work you have to go beyond the laws of supply and demand. Personal responsibility, trust, honesty, justice, and other virtues are building blocks. In this lesson we will explore the connection between a healthy culture and a flourishing economy.

Lesson Six Quiz

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Individuals who compete in the market and there pursue their own advantage stand all the more in need of the social and moral bonds of community, without which competition degenerates most grievously.

Wilhelm Röpke