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Making Globalization GoodThe Moral Challenges of Global Capitalism$
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John Dunning

Print publication date: 2003

Print ISBN-13: 9780199257010

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0199257019.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 03 December 2020

Private Morality and Capitalism: Learning from the Past

Private Morality and Capitalism: Learning from the Past

(p.41) 2 Private Morality and Capitalism: Learning from the Past
Making Globalization Good

Deepak Lal (Contributor Webpage)

Oxford University Press

This chapter traces the changing interface between societal and cultural values and capitalism as each has evolved since the later Middle Ages, asking to what extent can the past successes or failures of capitalism (in its various guises) be attributed to the moral ecology of the institutions underpinning and shaping it. It also asks what have been the ethical foundations of the great civilizations of the past, what part have social customs, cosmological beliefs, and religious authority played in this evolution, and what lessons can be drawn from the experiences of our forefathers. The last part of the chapter discusses of the role of post‐Westphalian states in influencing the moral content and structure of capitalism. During this discussion, the author offers some comparisons and contrasts between the actions taken by the liberal‐minded (Western) governments of the nineteenth century, and their more paternalistic modern counterparts.

Keywords:   capitalism, cosmological beliefs, ethics, government, history, institutions, moral ecology, morality, religion, social customs, Western governments

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