QUESTION IMAGE
Question
arrive at a conclusion
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
The text states that while some people steal from Feldman (in his bagel business where there's an honor - system for payment), the vast majority do not steal even when not being watched. This indicates a conclusion about people's honesty.
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The majority of people are honest.