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The Bourgeois Virtues: Ethics for an Age of Commerce

The Bourgeois Virtues: Ethics for an Age of Commerce

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p & s <strong>an</strong>d the capitalist life 415amendment” to P Only, namely, that people commit at a higher level to havinga good character S-style, which is then adv<strong>an</strong>tageous. 26 I’m not so surehis suggestion is “friendly” to the belief <strong>of</strong> most economists that P Onlyrules. If one admits S in the thorough way that Fr<strong>an</strong>k does, <strong>an</strong>d as a fewother economists such as George Akerl<strong>of</strong> <strong>an</strong>d Bruno Frey do, you end likeAdam Smith speaking <strong>of</strong> the values <strong>an</strong>d relations <strong>of</strong> a particular <strong>for</strong>m <strong>of</strong> life,that is, the tr<strong>an</strong>scendent <strong>an</strong>d the self-disciplining. You do not remain likeJeremy Bentham or Gary Becker or Richard Posner fixated on the singlevirtue <strong>of</strong> prudence <strong>for</strong> pleasure.

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