Economics as Applied Ethics: Value Judgements in Welfare Economics

Overview

The focus of this textbook is on the link between ethics and economic policy analysis. Basic philosophical concepts are systematically described, followed by conventional welfare economic theory and policy, and applications to some topical economic problems such as income distribution and sustainable development. 

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Overview

The focus of this textbook is on the link between ethics and economic policy analysis. Basic philosophical concepts are systematically described, followed by conventional welfare economic theory and policy, and applications to some topical economic problems such as income distribution and sustainable development. 

Read More Show Less

Editorial Reviews

From the Publisher
"This book is witty and wise, and a delight to read. It will enlighten economists – both students and teachers – and will encourage non-economists skeptical of the subject's ability to contribute to human welfare to think again." —Wendy Carlin, Professor of Economics, University College London

"As more people are starting to realize, economics without ethics is dangerous, and ethics without economics is foolish. This very timely book explains why these two perspectives can and must be combined."— Mark D. White, Professor in Political Science, Economics, and Philosophy, College of Staten Island/CUNY & author of 'Kantian Ethics and Economics: Autonomy, Dignity, and Character' 
   
"Wifred Beckerman's Economics as Applied Ethics: Value Judgements in Welfare Economics elucidates many of the important ethical questions that are almost always suppressed in both mainstream economics teaching texts and advanced scholarship. The book provides a productive blending of abstract theoretical discussion with applications that focus on contemporary policy debates. It should therefore appeal both to students who are excited by and seek deeper understanding of abstract ideas, and those who are impatient with abstract debate and want to see just how these ideas matter concretely in policy making."—George DeMartino, Professor and Co-director of the MA program in Global Finance, Trade and Economic Integration, University of Denver

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Product Details

  • ISBN-13: 9780230278363
  • Publisher: Palgrave Macmillan
  • Publication date: 1/18/2011
  • Pages: 240
  • Product dimensions: 6.30 (w) x 9.30 (h) x 0.80 (d)

Meet the Author

WILFRED BECKERMAN is Visiting Professor of Economics, University College London; and Emeritus Fellow of Balliol College, Oxford.

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Table of Contents

Introduction
Chapter 1 Fact or value? A simple example: Sustainable development  and the discount rate
Chapter 2 Positive propositions and value judgements
Chapter 3 Fact and value in welfare economics
Chapter 4 From individuals' choices to their welfare
Chapter 5 Pareto optimality and the social welfare function
Chapter 6 From individuals' welfare to social welfare
Chapter 7 Utilitarianism in welfare economics
Chapter 8 Critics of utilitarianism
Chapter 9 GDP and friends
Chapter 10 Happiness
Chapter 11 Why equality?
Chapter 12 Equality of what?
Chapter 13 The boundary of society: The boundary in space
Chapter 14 The boundary of society: The boundary in time
Chapter 15 The discount rate
Chapter 16 Valuing life
Chapter 17 Overview: Value judgements in welfare economics
Bibliography

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