"Are Economists Basically Immoral?": and Other Essays on Economics, Ethics, and Religion by Paul Heyne

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A well-trained theologian, a gifted and dedicated teacher of economics for over forty years, and the author of a highly regarded and widely used textbook, The Economic Way of Thinking, Paul Heyne influenced generations of students of economics. Many of the essays in this volume are published here for the first time. The editors, Geoffrey Brennan and A. M. C. Waterman, have divided Heyne’s essays thematically to cover three general areas: the ethical foundations of free markets, the connection between those ethical foundations and Christian thought, and the teaching of economics—both method and substance.

Heyne’s writings are unique in that he takes the critics of the free market order seriously and addresses their arguments directly, showing how they are defective in their understanding of economics and in their ethical and theological underpinnings. The engaging style of Heyne’s essays makes them accessible to students as well as to scholars. Even in discussions of topics well beyond the fundamental level, Heyne still succeeds in providing students with an appreciation of basic economic principles.

Paul Heyne (1931–2000) taught at Valparaiso University (1957–66), Southern Methodist University (1966–76), and the University of Washington (1976–2000)

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Product Details

  • ISBN-13: 9780865977129
  • Publisher: Liberty Fund, Incorporated
  • Publication date: 11/30/2008
  • Edition description: New Edition
  • Pages: 512
  • Product dimensions: 6.30 (w) x 9.30 (h) x 1.50 (d)

Table of Contents

Introduction vii

Part 1:  Economics and Ethics

CHAPTER 1  Are Economists Basically Immoral? 1
CHAPTER 2  Economics and Ethics: The Problem of Dialogue 10
CHAPTER 3  Income and Ethics in the Market System 29

Part 2:  Economics and Theology

CHAPTER 4  Can Homo Economicus Be Christian? 49
CHAPTER 5  Economic Scientists and Skeptical Theologians 81
CHAPTER 6  Christian Theological Perspectives on the Economy 97
CHAPTER 7  Controlling Stories: On the Mutual Influence of Religious Narratives and Economic Explanations 118

Part 3:  Economics, Theology, and Justice

CHAPTER 8    Justice, Natural Law, and Reformation Theology 133
CHAPTER 9    The Concept of Economic Justice in Religious Discussion 151
CHAPTER 10  The U.S. Catholic Bishops and the Pursuit of Justice 171
CHAPTER 11  Jewish Economic Ethics in a Pluralist Society 192

Part 4:  Economics and History

CHAPTER 12  Christian Social Thought and the Origination of the Economic Order 213
CHAPTER 13  Clerical Laissez-Faire: A Case Study in Theological Studies 238

Part 5:  On Teaching and Learning

CHAPTER 14  “The Nature of Man”: What Are We After? 267
CHAPTER 15  Researchers and Degree Purchasers 276

Part 6:  Teaching Economics

CHAPTER 16  Economics Is a Way of Thinking 293
CHAPTER 17  Teaching Introductory Economics 302
CHAPTER 18  Teaching Economics by Telling Stories 315
CHAPTER 19  Between Sterility and Dogmatism 328

Part 7:  Economic Method

CHAPTER 20  Ethics on The Road to Serfdom and Beyond 339
CHAPTER 21  Measures of Wealth and Assumptions of Right: An Inquiry 348
CHAPTER 22  The Foundations of Law and Economics: Can the Blind Lead the Blind? 366

Part 8:  Policy Commentary

CHAPTER 23  What Is the Responsibility of Business under Democratic Capitalism? 391
CHAPTER 24  The Morality of Labor Unions 409
CHAPTER 25  An Economic Perspective on Illegal Drugs 436
CHAPTER 26  Economics, Ethics, and Ecology 441

Index 471

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