Economics, Ethics, and Public Policy / Edition 1

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Ethics, argue the contributors to this book, plays an important role in economics. Economists have ethical values that help shape the way they work; economic actors have ethical values that help shape their behavior; and economic institutions and policies impact people differently, so that different ethical evaluations must supplement economic evaluations. In Economics, Ethics, and Public Policy, a host of distinguished philosophers and economists investigate the interaction between ethics and economics, both in economic theory and economic policy. This is a very important book for students and scholars of economics, philosophy, public policy, and those concerned with the way these fields interrelate.

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Editorial Reviews

Journal Of Economic Issues
All of the essays are of high intellectual caliber.
— Vernon M. Briggs, Jr., Cornell Univeristy
Economic Learning and Social Evolution
In these essays, twenty distinguished authors urge economists to import an ethical dimension into their work. . . . an invaluable source book.
— Kenneth G. Binmore, University College London
This collection of 20 essays challenges the conventional interpretation of economic science as value free.
— R. S. Hewett, Drake University
Journal Of Economic Issues - Vernon M. Briggs
All of the essays are of high intellectual caliber.
Economic Learning and Social Evolution - Kenneth G. Binmore
In these essays, twenty distinguished authors urge economists to import an ethical dimension into their work. . . . an invaluable source book.
CHOICE - R. S. Hewett
This collection of 20 essays challenges the conventional interpretation of economic science as value free.
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Product Details

  • ISBN-13: 9780847687909
  • Publisher: Rowman & Littlefield Publishers, Inc.
  • Publication date: 12/28/1997
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 424
  • Product dimensions: 5.84 (w) x 8.96 (h) x 0.93 (d)

Meet the Author

Charles Wilber is professor of economics at the University of Notre Dame. He is the author of many books, including Beyond Reaganomics: A Further Inquiry into the Poverty of Economics and Socialist Models of Development.

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Table of Contents

Introduction 1
Pt. I Economists, Value Judgments, and Economic Theory 3
1 Ethics and the Invisible Hand 7
2 Ethical Values and Economic Theory: A Survey 17
3 Toward a Better Understanding of the Positive/Normative Distinction in Economics 33
4 Does Studying Economics Inhibit Cooperation? 51
Pt. II Rationality, Ethics, and the Behavior of Economic Agents 65
5 Selfishness and Altruism 69
6 Cooperation 79
7 Trust, Moral Hazards, and Social Economics: Incentives and the Organization of Work 93
8 God and the Ghetto 107
Pt. III Ethical Theories and Theories of Justice 111
9 Normative Ethical Theories 119
10 Toward a Kantian Socio-Economics 139
11 Feminist Transformations of Moral Theory 151
12 Arendt's Action Philosophy and the Manager as Eichmann, Richard III, Faust, or Institution Citizen 175
13 Social Justice 187
Pt. IV Economic Institutions and Ethics 217
14 The Ethical Limitations of the Market 223
15 What Do We Owe the Future? 251
16 Is Women's Labor a Commodity? 267
17 Metaphors of Discrimination: A Comparison of Gunnar Myrdal and Gary Becker 287
18 Toward Development Ethics 305
Pt. V Economic Policies and Ethics 353
19 The Scope and Limits of Preference Sovereignty 357
20 The Moral Justification of Benefit/Cost Analysis 377
Index 405
About the Contributors 413
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