In Ethics in Economics , Jonathan B. Wight provides an overview of the role that ethical considerations play in economic debates. Whereas much of the field tends to focus on welfare outcomes, Wight calls for a deeper examination of the origin and evolution of our moral norms. He argues that economic life relies on three interrelated ethical systems: outcome-based, duty- and rule-based, and virtue-based. Integrating contemporary theoretical and applied research on ethics within a historical framework, Wight provides a thorough and accessible outline of all three schools, explaining how they fit
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We already entered the era of Unmanned Vehicles, drones, boats and more recently cars are going to be "driven" by software, sensors, cameras, radars and more are the senses of our vehicles. If the risk that a flying or floating drone can be hacked is concerning us as well as the temporary lack of specific legislation, what about the concerns related to ethical and moral aspects, not neglecting the legal ones, concerning autonomous road vehicles such as cars and buses ? Safety and security standards for such devices are not set actually, how will behave two cars, both from the same builder or not, in case of imminent collision? Of course, the cyber-driver is supposed to be perfect but the environment may introduce some bias, hence on the moral and ethical side how will the cyber-driver take decisions? As an additional concern, today even cars may be subject to cyber-attacks as it already happened to Jeep vehicles in the United States, if on one side the regular car service or re-call for update can be performed through the permanent car connection to the Internet, no more need to physically take the car back to the service (this might lead to unwanted outcomes), on the other side in case of cyber-attacks our car might behave in a unpredictable way. As a consequence, possibly before a mass diffusion of such vehicles, we must be aware about some aspects: the risk of cyber-attacks that may turn everyday commodities like cars into "weapons" and the "programmed" behaviour of cars in case of "risky" scenarios. Security standards and harmonised "behaviours" together with an appropriate legal framework will probably help.
This book presents the notion that economic thinking cannot escape value judgments at any level and that this understanding has been the dominant view throughout most of history. It shows how, from ancient times, people who thought about economic matters integrated moral reflection into their thinking. Reflecting on the Enlightenment and the birth of economics as a science, Halteman and Noell illustrate the process by which values and beliefs were excluded from economics proper. They also bring the reader up to date, given the changes over the last half-century.
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Like nature itself, modern economic life is driven by relentless competition and unbridled selfishness. Or is it? Drawing on converging evidence from neuroscience, social science, biology, law, and philosophy, Moral Markets makes the case that modern market exchange works only because most people, most of the time, act virtuously. Competition and greed are certainly part of economics, but Moral Markets shows how the rules of market exchange have evolved to promote moral behavior and how exchange itself may make us more virtuous. Examining the biological basis of economic morality, tracing the
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The mosaic and the jigsaw puzzle: how it all fits together / Thomas P. Kasulis -- Value, exchange and beyond: between-ness as starting point / Meera Sushila Viswanathan -- Triple negation: Watsuji Tetsuro on the sustainability of ecosystems, economies, and international peace / James McRae -- Fouling our nest: is (environmental) ethics impotent against (bad) economics? / Heidi M. Hurd -- The visible and the invisible: rethinking values and justice from a Buddhist-postmodern perspective / Jin Y. Park -- "You ought to be ashamed of yourself!" / Jim Peterman -- Filial piety and traditional Chinese rural community: an alternative ethical paradigm for modern aging societies / Liuxin Yang, Baoyan Cheng, and Xu Di -- Doing justice to justice: seeking a more capacious conception of justice from Confucian role ethics / Roger T. Ames -- Moral equivalents / Kathleen M. Higgins -- A critique of economic reason: between tradition and post-coloniality / Purushottama Bilimoria -- Economies of scarcity and acquisition, economies of gift and thanksgiving: lessons from cultural anthropology / Kenneth Stikkers -- John Dewey, institutional economics, and Confucian democracies / Larry A. Hickman -- The responsible society as social harmony: Walter G. Muelder's communitarian social ethics as a bridge tradition for Confucian economics / Robert Smid -- Swaraj and Swadeshi: Gandhi and Tagore on ethics, development, and freedom / Jay Garfield and Nalini Bhushan -- Economics and religion or economics vs. religion: the concept of an Islamic economics / Oliver Leaman -- Two challenges to market Daoism / James Behuniak, Jr. -- Buddhist, western, and hybrid perspectives on liberty rights and economic rights / Gordon Davis -- The conversation of justice: Rawls, Sandel, Cavell, and education for political literacy / Naoko Saito -- Social justice and the occident / Paul Standish -- Three-level eco-humanism in Japanese Confucianism: combining environmental with humanist social ethics / T. Yamauchi -- Economic growth, human well-being, and the environment / Workineh Kelbessa -- The moral necessity of socialism / Karsten J. Struhl -- Invaluable justice: Heidegger, Derrida, and Daoism thinking on values and justice / Steven Burik -- What is it like to be a moral being? / Amita Chatterjee -- What is the value of poverty?: a comparative analysis of Aristotle's politics and Dogen's Shobogenzo zuimonki / Steve Bein -- Economic goods, common goods, and the good life / May Sim -- On the justice of caring labor: an alternative theory of liberal egalitarianism to Dworkin's luck egalitarianism / Shiu-Ching Wu -- Aging, equality, and Confucian selves / Steven Geisz -- Institutional power matters: the role of institutional power in international development / Lori Keleher -- The value of diversity: Buddhist reflections on more equitably orienting global interdependence -- Peter D. Hershock.
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This volume brings together papers inspired by the work of Duncan Foley, an extraordinarily productive economist who has made seminal contributions to a wide variety of areas. Foley's work cannot be easily classified, but one thread that runs through it is a critical examination (along both ethical and analytical lines) of conventional neoclassical economic theory, particularly involving general equilibrium theories of value and money. Foley was a pioneer of complexity economics as well, which adopts approaches to these questions drawn from natural sciences, so the collection therefore has an interdisciplinary quality that will interest a wide variety of readers. Some of the chapters are intellectual biographies that contextualize and identify Foley's contributions to Keynesian macroeconomics, Marxian value theory, and complexity theory in economics. The topics covered include the economics of complexity; the ethics of general equilibrium theory; the economics of climate change; applications of Keynesian, Marxian and Ricardian political economy; and money and financial crises. The collection should be useful to scholars who work in various economic traditions critical of the currently dominant free-market approach, but it also speaks to scholars of critical theory in various disciplines beyond economics such as the mathematicians, physicists, and other natural scientists who are interested in understanding the complexity of social processes using their analytical frameworks. This book should also appeal to graduate students in economics who are working in these traditions, as well as scholars (including current graduate students in orthodox programs) who are dissatisfied with the current state of economic theory and would like to satisfy their intellectual curiosity by sampling the contributions of critical theorists.
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