if morality represents the way we would like the world to work and economics represents how it actually does…

if morality represents the way we would like the world to work and economics represents how it actually does work, then the story of feldmans bagel business lies at the very intersection of morality and economics. yes, a lot of people steal from him, but the vast majority, even though no one is watching over them, do not. this outcome may surprise some people — including feldmans economist friends, who counseled him twenty years ago that his honor - system scheme would never work. but it would not have surprised adam smith. in fact, the theme of smiths first book, the theory of moral\nwhat final conclusion do the authors arrive at through the bagel example?\nthe majority of people are corrupt.\nthe majority of people are honest.\nadam smith was wrong.\nfeldmans economist friends were right.\ndone

if morality represents the way we would like the world to work and economics represents how it actually does work, then the story of feldmans bagel business lies at the very intersection of morality and economics. yes, a lot of people steal from him, but the vast majority, even though no one is watching over them, do not. this outcome may surprise some people — including feldmans economist friends, who counseled him twenty years ago that his honor - system scheme would never work. but it would not have surprised adam smith. in fact, the theme of smiths first book, the theory of moral\nwhat final conclusion do the authors arrive at through the bagel example?\nthe majority of people are corrupt.\nthe majority of people are honest.\nadam smith was wrong.\nfeldmans economist friends were right.\ndone

Answer

Brief Explanations:

The text states that in Feldman's bagel business, the vast majority of people do not steal even when not watched, which implies most people are honest. This goes against what Feldman's economist friends thought and aligns with Adam Smith's ideas.

Answer:

The majority of people are honest.