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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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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Does economics actually help us to understand and solve real world problems? Examining and analysing the role of economics and economic theory in the social and political life of the early twentieth century, many of the arguments contained in this book are as relevant and controversial today as when they were first published. Chapters include:1. The Relation of Economic Theory to the Actual Economic World2. The Nature and Insignificance of the Economic Science3. Economics as Apologetics?4. Economic Individualism
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Many economic problems are also ethical problems: should we value economic equality? how much should we care about preserving the environment? how should medical resources be divided between saving life and enhancing life? This book examines some of the practical issues that lie between economics and ethics, and shows how utility theory can contribute to ethics. John Broome's work has, unusually, combined sophisticated economic and philosophical expertise, and Ethics Out of Economics brings together some of his most important essays, augmented with an updated introduction. The first group of essays deals with the relation between preference and value, the second with various questions about the formal structure of good, and the concluding section with the value of life. This work is of interest and importance for both economists and philosophers, and shows powerfully how economic methods can contribute to moral philosophy
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This volume by leading economists and philosophers explores the contributions that virtue ethics can make to economics. It provides historical and modern insights in both economics and philosophy and offers suggestions for incorporating the ethics of virtue into economics to make it more applicable to moral dilemmas in the world outside the models.
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In the last half century, economics has taken over from anthropology the role of drawing the powerful conceptual worldviews that organize knowledge and inform policy in both domestic and international contexts. Until now however, the colonial roots of economic theory have remained relatively unstudied. This book changes that.The wide array of contributions to this book draw on the rapidly growing body of postcolonial studies to critique both orthodox and heterodox economics. This book addresses a large gap in postcolonial studies, which lacks the type of sophisticated analysis of economic
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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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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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The Oxford Handbook of Ethics and Economics provides a thorough survey of the various ways ethics can, does, and should inform economic theory and practice. The first part of the book, Foundations, explores how the most prominent schools of moral philosophy relate to economics; asks how morals relevant to economic behavior may have evolved; and explains how various approaches to economics incorporate ethics into their work. The second part, Applications, looks at the ethics of commerce, finance, and markets; uncovers the moral dilemmas involved with making decisions regarding social welfare, risk, and harm to others; and explores how ethics is relevant to major topics within economics, such as health care and the environment.
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The relationship between economics and theology as scientific disciplines through the ages -- Theology as a coldshouldered participant in economic discussion -- Towards a mutual rapprochement between economics and theology: a first sketch -- The indispensability of theology for enriching economic concept -- Economic notions seen in the light of the history of theology.
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Key Features:A thought-provoking philosophical journey through macro-economics and the development of the two giants of the 20th century - communism and capitalismA practical guide and blueprint to a stewardship-based approach of the 21st centurySuitable for both an interested general audience and as a text for advanced undergraduate or graduate studentsEach chapter concludes with extensive questions suitable for private study or classroom discussion.
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