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Presents a collection of papers by economists theorizing on the roles of altruism and morality versus self-interest in the shaping of human behavior and institutions. Specifically, the authors examine why some persons behave in an altruistic way without any apparent reward, thus defying the economist's model of utility maximization. The chapters are accompanied by commentaries from representatives of other disciplines, including law and philosophy.

Table of Contents

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  1. Cover
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  1. Title Page, Copyright Page
  2. pp. i-vi
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  1. Contents
  2. pp. vii-viii
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  1. Preface
  2. pp. ix-x
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  1. Introduction
  2. Edmund S. Phelps
  3. pp. 1-10
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  1. Part 1
  1. Gifts and Exchanges
  2. Kenneth J. Arrow
  3. pp. 13-28
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  1. Economics of Trust, Altruism, and Corporate Responsibility
  2. Roland N. McKean
  3. pp. 29-44
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  1. Business Responsibility and Economic Behavior
  2. William J. Baumol
  3. pp. 45-56
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  1. Comment
  2. Guido Calabresi
  3. pp. 57-62
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  1. Comment
  2. Thomas Nagel
  3. pp. 63-68
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  1. Part 2
  1. The Samaritan's Dilemma
  2. James M. Buchanan
  3. pp. 71-86
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  1. The Indeterminancy of Game-Equilibrium Growth in the Absence of an Ethic
  2. Edmund S. Phelps
  3. pp. 87-106
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  1. A Mathematical Note
  2. Wilfried M. A. Pauwels
  3. pp. 107-114
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  1. Charity: Altruism or Cooperative Egoism?
  2. Peter Hammond
  3. pp. 115-132
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  1. Comment
  2. Edward F. McClennen
  3. pp. 133-140
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  1. Comment
  2. Karl Shell
  3. pp. 141-146
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  1. Part 3
  1. Private Philanthropy and Public Finance
  2. William Vickrey
  3. pp. 149-170
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  1. Toward a Theory of the Voluntary Non-Profit Sector in a Three-Sector Economy
  2. Burton A. Weisbrod
  3. pp. 171-196
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  1. Toward a Behavioral Theory of Philanthropic Activity
  2. Bruce R. Bolnick
  3. pp. 197-224
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  1. Comment
  2. Amartya Sen
  3. pp. 225-228
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  1. Index
  2. pp. 229-232
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