Purpose – Joseph Alois Schumpeter's ideas are in the discussion agenda of various economists working in different theoretical traditions. However, several aspects of his work remain unexplored. In particular, the origin of his ideas in the context of the then prevalent economic theories of the...

Purpose: The main goal of this paper is to provide us with a more systematic framework for examining the moral background of markets. Design/methodology/approach: The paper makes an attempt to put forward a way of market evaluation relying upon the three major moral theories of utilitarianism,...