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Economics As Moral Science
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Book Synopsis Economics as Moral Science by : Bernard Hodgson
Download or read book Economics as Moral Science written by Bernard Hodgson and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics as Moral Science investigates the problem of the ethical neutrality of "mainstream" economic theory within the context of the methodology of economics as a science. Against the conventional wisdom, the author argues that there are serious moral presuppositions to the theory, but that economics could still count as a scientific or rational form of inquiry. The basic questions addressed - the ethical implications of economics, its status as a scientific mode of theory-construction, and the relation between these factors - are absolutely fundamental ones for an understanding of contemporary economics, the philosophy of the human sciences, and our current market culture. Moreover, the study provides a thorough philosophical analysis of the critical issues at stake from the inside, from the credible perspective of a particular, but foundational economic theory - the neoclassical theory of rational choice.
Book Synopsis Economics as a Moral Science by : Peter Rona
Download or read book Economics as a Moral Science written by Peter Rona and published by Springer. This book was released on 2017-04-13 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is reclaiming economics as a moral science. It argues that ethics is a relevant and inseparable aspect of all levels of economic activity, from individual and organizational to societal and global. Taking ethical considerations into account is needed in explaining and predicting the behavior of economic agents as well as in evaluating and designing economic policies and mechanisms. The unique feature of the book is that it not only analyzes ethics and economics on an abstract level, but puts behavioral, institutional and systemic issues together for a robust and human view of economic functioning. It sees economic “facts” as interwoven with human intentionality and ethical content, a domain where utility calculations and moral considerations co-determine the behavior of economic agents and the outcomes of their activities. The book employs the personalist approach that sees human persons – endowed with free will and conscience – as the basic agents of economic life and defines human flourishing as the final end of economic activities. The book demonstrates that economics can gain a lot in meaning and also in analytical power by reuniting itself with ethics.
Book Synopsis Economics as a Moral Science by : Jeffrey T. Young
Download or read book Economics as a Moral Science written by Jeffrey T. Young and published by Edward Elgar Publishing. This book was released on 1997 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proposes new links between the moral theories and the economics of the first articulator of capitalism, arguing that moral questions lie at the heart of positive and normative economic analysis. Examines the methodology and philosophy of Smith's (1723-90) work, questions whether economics can or should be a value-free science, and shows how economics can be a useful tool in solving moral problems. Considers the concept of self- interest, the formation of moral values by individuals and society, the ethical effects of commercial society on the quality of life, justice, fairness, natural liberty, distributive equity, and the common good. Addressed to economists and philosophers. Much of the material has been previously published. Annotation copyrighted by Book News, Inc., Portland, OR
Book Synopsis The Moral Economy by : Samuel Bowles
Download or read book The Moral Economy written by Samuel Bowles and published by Yale University Press. This book was released on 2016-05-28 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Should the idea of economic man—the amoral and self-interested Homo economicus—determine how we expect people to respond to monetary rewards, punishments, and other incentives? Samuel Bowles answers with a resounding “no.” Policies that follow from this paradigm, he shows, may “crowd out” ethical and generous motives and thus backfire. But incentives per se are not really the culprit. Bowles shows that crowding out occurs when the message conveyed by fines and rewards is that self-interest is expected, that the employer thinks the workforce is lazy, or that the citizen cannot otherwise be trusted to contribute to the public good. Using historical and recent case studies as well as behavioral experiments, Bowles shows how well-designed incentives can crowd in the civic motives on which good governance depends.
Download or read book Economics written by Kendall P. Cochran and published by Eagle Editions. This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Professor Kendall Cochran was a leader in the American institutionalist school of heterodox economics. This volume includes twenty published articles and book reviews, as well as several talks given by Cochran"--P. iv.
Book Synopsis Economics of Good and Evil by : Tomas Sedlacek
Download or read book Economics of Good and Evil written by Tomas Sedlacek and published by Oxford University Press. This book was released on 2011-07-01 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tomas Sedlacek has shaken the study of economics as few ever have. Named one of the "Young Guns" and one of the "five hot minds in economics" by the Yale Economic Review, he serves on the National Economic Council in Prague, where his provocative writing has achieved bestseller status. How has he done it? By arguing a simple, almost heretical proposition: economics is ultimately about good and evil. In The Economics of Good and Evil, Sedlacek radically rethinks his field, challenging our assumptions about the world. Economics is touted as a science, a value-free mathematical inquiry, he writes, but it's actually a cultural phenomenon, a product of our civilization. It began within philosophy--Adam Smith himself not only wrote The Wealth of Nations, but also The Theory of Moral Sentiments--and economics, as Sedlacek shows, is woven out of history, myth, religion, and ethics. "Even the most sophisticated mathematical model," Sedlacek writes, "is, de facto, a story, a parable, our effort to (rationally) grasp the world around us." Economics not only describes the world, but establishes normative standards, identifying ideal conditions. Science, he claims, is a system of beliefs to which we are committed. To grasp the beliefs underlying economics, he breaks out of the field's confines with a tour de force exploration of economic thinking, broadly defined, over the millennia. He ranges from the epic of Gilgamesh and the Old Testament to the emergence of Christianity, from Descartes and Adam Smith to the consumerism in Fight Club. Throughout, he asks searching meta-economic questions: What is the meaning and the point of economics? Can we do ethically all that we can do technically? Does it pay to be good? Placing the wisdom of philosophers and poets over strict mathematical models of human behavior, Sedlacek's groundbreaking work promises to change the way we calculate economic value.
Download or read book Moral Markets written by Paul J. Zak and published by Princeton University Press. This book was released on 2010-12-16 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 connections between morality and markets, and exploring the profound implications of both, Moral Markets provides a surprising and fundamentally new view of economics--one that also reconnects the field to Adam Smith's position that morality has a biological basis. Moral Markets, the result of an extensive collaboration between leading social and natural scientists, includes contributions by neuroeconomist Paul Zak; economists Robert H. Frank, Herbert Gintis, Vernon Smith (winner of the 2002 Nobel Prize in economics), and Bart Wilson; law professors Oliver Goodenough, Erin O'Hara, and Lynn Stout; philosophers William Casebeer and Robert Solomon; primatologists Sarah Brosnan and Frans de Waal; biologists Carl Bergstrom, Ben Kerr, and Peter Richerson; anthropologists Robert Boyd and Michael Lachmann; political scientists Elinor Ostrom and David Schwab; management professor Rakesh Khurana; computational science and informatics doctoral candidate Erik Kimbrough; and business writer Charles Handy.
Book Synopsis Ethics As Social Science by : Leland B. Yeager
Download or read book Ethics As Social Science written by Leland B. Yeager and published by Edward Elgar Publishing. This book was released on 2002-01-01 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: . . . this is a very ambitious book ranging over a great deal of territory and a great number of issues . . . the general perspectives offered are certainly engaging. Alan Hamlin, Journal of Economic Methodology . . . an illuminating book, informed by careful thought and wide-ranging scholarship. David Gordon, The Mises Review Economics claims to be a science of choice and its unintended consequences, but economists sneak moral judgments in through the back door. Ethics, on the other hand, often falters on the stilts of weak economic theories and assumptions. The result economics without ethics is often sterile, and ethics without economics is often incoherent. Severed from one another, each can be dangerously misleading, and each misses the opportunity to better understand the economic and moral complexity behind social cooperation. Ethics as Social Science helps reconcile the two disciplines, and represents years of seasoned, careful thinking on the topic. Using clear, straightforward language, Yeager argues that economists should be alert to their ethical positions, rather than preach tacitly behind the mask of social welfare analysis and the like. Calling for a comparative institutional analysis, Yeager himself advances an argument in favor of an indirect or rule utilitarianism, one that is sure to unleash debate among libertarians, classical liberals, and defenders of mainstream welfare economics, and among moral philosophers who follow the present state of economic theory. David L. Prychitko, Northern Michigan University, US With this important book, esteemed economist Leland B. Yeager grounds moral and political philosophy in the requirements of a well-functioning society, one whose members reap the gains from peaceful cooperation while pursuing their own diverse goals. This book explores the reasons an individual may have for helping to uphold such a society rather than seeking a free ride on the moral behavior of others. A work in the tradition of Hume, Smith, Mill, von Mises, Hayek and Hazlitt, it expounds a rules or indirect version of utilitarianism. It reviews criticisms of utilitarianism in detail, as well as alternative grounds of ethics including contractarianism, rights-based doctrines, and appeals to specific intuitions. Yeager brings the insights of economics to bear on a field usually dominated by philosophers and theologians. Ethics comes across as a subject amply open to the findings of economics and the other social and natural sciences. Economists, philosophers and other students and scholars of the social sciences will welcome this book. It will also appeal to any reader interested in exploring the ideas of ethics.
Book Synopsis A/moral Economics by : Claudia C. Klaver
Download or read book A/moral Economics written by Claudia C. Klaver and published by Ohio State University Press. This book was released on 2003 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: A/Moral Economics is an interdisciplinary historical study that examines the ways which social "science" of economics emerged through the discourse of the literary, namely the dominant moral and fictional narrative genres of early and mid-Victorian England. In particular, this book argues that the classical economic theory of early-nineteenth-century England gained its broad cultural authority not directly, through the well- known texts of such canonical economic theorists as David Ricardo, but indirectly through the narratives constructed by Ricardo's popularizers John Ramsey McCulloch and Harriet Martineau. By reexamining the rhetorical and institutional contexts of classical political economy in the nineteenth century, A/Moral Economics repositions the popular writings of both supporters and detractors of political economy as central to early political economists' bids for a cultural voice. The now marginalized economic writings of McCulloch, Martineau, Henry Mayhew, and John Ruskin, as well as the texts of Charles Dickens and J. S. Mill, must be read as constituting in part the entities they have been read as merely criticizing. It is this repressed moral logic that resurfaces in a range of textual contradictions--not only in the writings of Ricardo's supporters, but, ironically, in those of his critics as well.
Book Synopsis Economic Analysis, Moral Philosophy, and Public Policy by : Daniel Hausman
Download or read book Economic Analysis, Moral Philosophy, and Public Policy written by Daniel Hausman and published by Cambridge University Press. This book was released on 2017 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows how careful attention to moral reasoning can enrich economic understanding and clarify the importance and the limits of an economic analysis of policy problems.
Download or read book The Moral Economists written by Tim Rogan and published by Princeton University Press. This book was released on 2019-03-19 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fresh look at how three important twentieth-century British thinkers viewed capitalism through a moral rather than material lens What’s wrong with capitalism? Answers to that question today focus on material inequality. Led by economists and conducted in utilitarian terms, the critique of capitalism in the twenty-first century is primarily concerned with disparities in income and wealth. It was not always so. The Moral Economists reconstructs another critical tradition, developed across the twentieth century in Britain, in which material deprivation was less important than moral or spiritual desolation. Tim Rogan focuses on three of the twentieth century’s most influential critics of capitalism—R. H. Tawney, Karl Polanyi, and E. P. Thompson. Making arguments about the relationships between economics and ethics in modernity, their works commanded wide readerships, shaped research agendas, and influenced public opinion. Rejecting the social philosophy of laissez-faire but fearing authoritarianism, these writers sought out forms of social solidarity closer than individualism admitted but freer than collectivism allowed. They discovered such solidarities while teaching economics, history, and literature to workers in the north of England and elsewhere. They wrote histories of capitalism to make these solidarities articulate. They used makeshift languages of “tradition” and “custom” to describe them until Thompson patented the idea of the “moral economy.” Their program began as a way of theorizing everything economics left out, but in challenging utilitarian orthodoxy in economics from the outside, they anticipated the work of later innovators inside economics. Examining the moral cornerstones of a twentieth-century critique of capitalism, The Moral Economists explains why this critique fell into disuse, and how it might be reformulated for the twenty-first century.
Author :James M. Buchanan Publisher :College Station, [TX] : Texas A & M University Press ISBN 13 :9780890963500 Total Pages :0 pages Book Rating :4.9/5 (635 download)
Download or read book Economics written by James M. Buchanan and published by College Station, [TX] : Texas A & M University Press. This book was released on 1987 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than any previous single book, this volume is a comprehensive overview of the work of James M. Buchanan, 1986 Nobel Laureate in economic science. The twenty-six contributions in it are particularly informative of Buchanan's work from the early 1950s to the mid-1980s.
Book Synopsis Business Ethics as a Science by : Maxim Storchevoy
Download or read book Business Ethics as a Science written by Maxim Storchevoy and published by Springer. This book was released on 2017-11-22 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book considers how to make the methodology of business ethics more scientific, especially its normative branch. Storchevoy explores the attempts of economic theory to contribute to the scientific normative analysis of economic behavior, particularly the welfare economics of 1910-1950 and methodological discussions of economics and ethics from 1980-2015. He then examines the development of the methodological structure of business ethics in general since the 1980s and the scientific validity of normative business ethics, including stakeholder theory, the separation thesis, integral social contract theory, corporate social responsibility, virtue ethics and other frameworks. He concludes by suggesting an additional step to make business ethics a more systematic discipline by developing a typology of moral issues and dilemmas. Business Ethics as a Science will be a thought-provoking resource for students and practitioners of business ethics and economists alike.
Book Synopsis Keynes and the Quest for a Moral Science by : D. W. Parsons
Download or read book Keynes and the Quest for a Moral Science written by D. W. Parsons and published by Edward Elgar Publishing. This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this innovative highly readable contribution to the study of Keynes, Wayne Parsons makes a radical departure from the conventional approaches to Keynesian economies. As a political scientist Parsons believes that, if we are to grasp the revolutionary nature of Keynes's way of thinking about policy problems, we need to place his theories in a wider intellectual and inter-disciplinary setting. Keynes, he suggests, was a social scientist, philosopher and opinion-former with one foot in the age of science and another in the age of sorcery. Like Newton, about whom Keynes wrote with considerable knowledge and insight, he was a thinker whose method was rooted in an alchemical fascination with the art of transmutation and the quest for the philosophers' stone. Parsons maintains that unless we appreciate this alchemical quality of Keynes's economics we fail to comprehend his particular genius as a philosopher of possibility. The author paints a portrait of a Bloomsbury Faust, a Mephistopheles in Whitehall: an image which is a long way removed from the modernist discourse which has largely framed our reading of his economics. Free from the mechanistic and positivistic language which has come to obscure his work Wayne Parsons concludes that Keynes can once again become a source of inspiration and illumination for the theory and practice of public policy. Keynes and the Quest for a Moral Science is an accessible, highly readable account which will appeal to scholars and students in the field of economics, history of economics, public policy and history of ideas.
Book Synopsis Keynes and the Quest for a Moral Science by : D. W. Parsons
Download or read book Keynes and the Quest for a Moral Science written by D. W. Parsons and published by Edward Elgar Publishing. This book was released on 1997 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Parson (policy analysis, U. of London) clears away the mechanistic and positivistic language and ideology that has surrounded the work of the British economist to find a social scientist and philosopher rooted in an alchemical fascination with the art of transmutation and the quest for the philosopher's stone. He places Keynes (1883-1946) in a long history of scientific and intellectual tradition with the intention of retrieving him as a source of inspiration and illumination for the theory and practice of public policy. Annotation copyrighted by Book News, Inc., Portland, OR
Book Synopsis Handbook of Economics and Ethics by : Jan Peil
Download or read book Handbook of Economics and Ethics written by Jan Peil and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 625 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume pulls together a remarkable collection of contributors designed to challenge the positive-normative dichotomy in economic methodology. . . The intent of this publication is to provide a reference manual for those seeking insights into the connections between economics and ethics. It succeeds in that goal and should become a starting point for anyone who believes that mainstream economics needs methodological reorientation. . . Anyone interested in ethics and economic methodology would do well to have this reference book handy. Highly recommended. J. Halteman, Choice This new Handbook of Economics and Ethics makes a substantial contribution as a wide-ranging up-to-date reference work, including original developments, on these two fundamentally interconnected fields. This contribution is particularly timely, given the increasing attention being paid to economics as a moral science. The Handbook contains seventy-five expert entries on subjects ranging from the history of economics and philosophy to conceptual analysis of ethics in various aspects of modern economics, while representing a diversity of views. Sheila Dow, University of Stirling, UK The Handbook of Economics and Ethics portrays an understanding of economic methodology in which facts and values, though distinct, are closely interconnected in a variety of ways. From theory building to data collection, and from modelling to policy evaluation, this encyclopaedic Handbook is at the intersection of economics and ethics. Irene van Staveren and Jan Peil bring together 75 unique and original papers to provide up-to-date insights on topics such as markets, globalization, human development, rationality, efficiency, and corporate social responsibility. The book presents contributions from an array of international scholars using methodological and theoretical approaches, and convincingly demonstrates the death of the positive/normative dichotomy that so long held economics in its grip. This invaluable resource will strongly appeal to students of economics and economic methodology, philosophy of science and ethics. It will also be of great benefit to academics and policy-makers involved in economic policies and ethics.
Book Synopsis Economic Analysis and Moral Philosophy by : Daniel M. Hausman
Download or read book Economic Analysis and Moral Philosophy written by Daniel M. Hausman and published by Cambridge University Press. This book was released on 1996-03-28 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses how standard economics may be improved by an understanding of moral philosophy.
