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 what final conclusion do the authors arrive at through the bagel example? the majority of people are corrupt. the majority of people are honest. adam smith was wrong. feldmans economist friends were right. done

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 what final conclusion do the authors arrive at through the bagel example? the majority of people are corrupt. the majority of people are honest. adam smith was wrong. feldmans economist friends were right. done

Answer

Brief Explanations:

The text states that while some people steal from Feldman, the vast majority do not, even without supervision. This shows that most people are honest. Adam - Smith would not be surprised, and Feldman's economist friends who thought his honor - system scheme wouldn't work were wrong.

Answer:

The majority of people are honest.