Ethics and Economic Progress

Ethics and Economic Progress

by James M. Buchanan

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Editorial Reviews

Library Journal
Buchanan received the Nobel Prize in economics in 1986 and has written many noteworthy books, including The Limits of Liberty (1975) and The Economics and the Ethics of Constitutional Order (Univ. of Michigan Pr., 1991). The first part of his new book contains three lectures arguing that the more every member of society works and saves, the better off the entire community will be. Buchanan couples this with a discussion of the economic origins of ethical constraints. The second part of the book extends his arguments, with the last chapter suggesting that Adam Smith's distinction between productive and nonproductive labor may be made coherent with careful and critical interpretation. Perhaps because this book began as a series of lectures, it is intellectually stimulating, provocative, and relatively easy to comprehend. Recommended for all libraries with an interest in current economic issues or ethics.-- Mary Chatfield, Angelo State Univ., San Angelo, Tex.
The Nobel Prize winning economist talks about the economic value of the work ethic and the saving ethic, and the economic origin of ethical constraints in three lectures presented in 1991 at the U. of Oklahoma. Also included are two lectures delivered at other locales on the economics and the ethics of idleness and on Adam Smith's distinction between productive and nonproductive work. The sixth inclusion is "Externality in Tax Response," previously published in 1966 in the Southern Economic Journal. Annotation c. Book News, Inc., Portland, OR (

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University of Oklahoma Press
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5.36(w) x 8.40(h) x 0.50(d)

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