Wellbeing, Nature, and Moral Values in Economics
Wellbeing, Nature, and Moral Values in Economics

Author: Heinz Welsch

Publisher: Taylor & Francis

Published: 2023-02-15

Total Pages: 178

ISBN-13: 1000840808

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Drawing on more modern expressions of economic analysis, this book explores the interplay between wellbeing, nature and moral values in economics. In standard accounts of economics, these three themes are typically treated in isolation from each other, or else overlooked entirely. This book argues that due to this blinkered approach, standard economic analysis is poorly equipped to deal with global contemporary challenges including climate change, biodiversity loss, sustainability, and the risk of pandemic diseases. The book reviews the economic literature to show that the last few decades has seen the re-insertion into economic analysis of human wellbeing, natural resources and moral values: three themes present in early economic thought that are highly relevant to the challenges ahead. The book argues for the greater integration of these three themes as the natural environment is crucial to human wellbeing, and moral values are essential for environmentally benign behaviors. The book also focuses on how specific moral values, identified by contemporary moral psychology, actually shape economic behavior rather than how abstract ethical principles they should shape economic behavior. The book will be of significant interest to readers in the economics and social sciences, particularly behavioral economics and social psychology.

Human Well-Being and Economic Goals
Human Well-Being and Economic Goals

Author: Frank Ackerman

Publisher: Island Press

Published: 1997-11-01

Total Pages: 472

ISBN-13: 9781559635608

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What are the ends of economic activity? According to neoclassical theory, efficient interaction of the profit-maximizing "ideal producer" and the utility-maximizing "ideal consumer" will eventually lead to some sort of social optimum. But is that social optimum the same as human well-being? Human Well-Being and Economic Goals addresses that issue, considering such questions as: Does the maximization of individual welfare really lead to social welfare? How can we deal with questions of relative welfare and of equity? How do we define, or at least understand, individual and social welfare? And how can these things be measured, or even assessed? Human Well-Being and Economic Goals brings together more than 75 concise summaries of the most significant literature in the field that consider issues of present and future individual and social welfare, national development, consumption, and equity. Like its predecessors in the Frontier Issues in Economic Thought series, it takes a multidisciplinary approach to economic concerns, examining their sociological, philosophical, and psychological aspects and implications as well as their economic underpinnings. Human Well-Being and Economic Goals provides a powerful introduction to the current and historical writings that examine the concept of human well-being in ways that can help us to set goals for economic activity and judge its success. It is a valuable summary and overview for students, economists, and social scientists concerned with these issues.

Why Ethical Behaviour is Good for the Economy
Why Ethical Behaviour is Good for the Economy

Author: Morris Altman

Publisher: Edward Elgar Publishing

Published: 2020-05-29

Total Pages: 285

ISBN-13: 1782549455

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This timely book offers a nuanced critique of the nudge narrative, and demonstrates why and how ethical behaviour can have significant positive economic and wellbeing outcomes. Morris Altman models a complex alternative to the expectations of ethical behaviour and shows how this behaviour can be consistent with competitive market economies, contrary to what conventional economic theory suggests.

Environmental Protection and Economic Well-being
Environmental Protection and Economic Well-being

Author: Thomas M. Power

Publisher: M.E. Sharpe

Published: 1996

Total Pages: 272

ISBN-13: 9781563247354

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Suggests how theories and techniques widely used in business and industry can be applied to schools as a group complementing each other. For administrators, reformers, teachers, parents, and anyone else interested in education. Explains the theory behind each of the five technologies, then describes tools for its implementation. Annotation copyright by Book News, Inc., Portland, OR

Wellbeing, Justice and Development Ethics
Wellbeing, Justice and Development Ethics

Author: Severine Deneulin

Publisher: Routledge

Published: 2014-02-03

Total Pages: 137

ISBN-13: 1317962680

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The question of the meaning of progress and development is back on the political agenda. How to frame this discontent and search for new alternatives when either Marxism or liberalism no longer provides a satisfactory framework? This book introduces in an accessible way the capability approach, first articulated by Amartya Sen in the early 1980s. Written for an international audience, but rooted in the Latin American reality - a region with a history of movements for social justice - the book argues that the capability approach provides to date, the most encompassing and compelling ethical framework with which to construct action for improving people’s wellbeing and reducing injustices in the world. This book outlines in a clear and concrete way what the capability approach is and its significance for the social sciences and policy. It describes the distinctiveness of the approach as an ethical framework for action and aims to stimulate critical reflection on current economic and social practices as well as providing a language with which to modify them within human wellbeing concerns. Comprehensive, practical and nuanced in its treatment of the capability approach, this highly original volume gives students, researchers and professionals in the field of development an innovative framing of the capability approach as a 'language' for action and provides specific examples of how it has made a difference.

The Quality of Life
The Quality of Life

Author: Martha Nussbaum

Publisher: Oxford University Press

Published: 1993-03-11

Total Pages: 466

ISBN-13: 0198287976

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Commentator: Ruth Anna Putnam

Handbook of Economics and Ethics
Handbook of Economics and Ethics

Author: Jan Peil

Publisher: Edward Elgar Publishing

Published: 2009-01-01

Total Pages: 625

ISBN-13: 1848449305

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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.

The Morality of Economic Behaviour
The Morality of Economic Behaviour

Author: Vangelis Chiotis

Publisher: Routledge

Published: 2020-05-25

Total Pages: 144

ISBN-13: 135116886X

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The links between self-interest and morality have been examined in moral philosophy since Plato. Economics is a mostly value-free discipline, having lost its original ethical dimension as described by Adam Smith. Examining moral philosophy through the framework provided by economics offers new insights into both disciplines and the discussion on the origins and nature of morality. The Morality of Economic Behaviour: Economics as Ethics argues that moral behaviour does not need to be exogenously encouraged or enforced because morality is a side effect of interactions between self-interested agents. The argument relies on two important parameters: behaviour in a social environment and the effects of intertemporal choice on rational behaviour. Considering social structures and repeated interactions on rational maximisation allows an argument for the morality of economic behaviour. Amoral agents interacting within society can reach moral outcomes. Thus, economics becomes a synthesis of moral and rational choice theory bypassing the problems of ethics in economic behaviour whilst promoting moral behaviour and ethical outcomes. This approach sheds new light on practical issues such as economic policy, business ethics and social responsibility. This book is of interest primarily to students of politics, economics and philosophy but will also appeal to anyone who is interested in morality and ethics, and their relationship with self-interest.

What Money Can't Buy
What Money Can't Buy

Author: Michael J. Sandel

Publisher: Farrar, Straus and Giroux

Published: 2012-04-24

Total Pages: 256

ISBN-13: 1429942584

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Should we pay children to read books or to get good grades? Should we allow corporations to pay for the right to pollute the atmosphere? Is it ethical to pay people to test risky new drugs or to donate their organs? What about hiring mercenaries to fight our wars? Auctioning admission to elite universities? Selling citizenship to immigrants willing to pay? In What Money Can't Buy, Michael J. Sandel takes on one of the biggest ethical questions of our time: Is there something wrong with a world in which everything is for sale? If so, how can we prevent market values from reaching into spheres of life where they don't belong? What are the moral limits of markets? In recent decades, market values have crowded out nonmarket norms in almost every aspect of life—medicine, education, government, law, art, sports, even family life and personal relations. Without quite realizing it, Sandel argues, we have drifted from having a market economy to being a market society. Is this where we want to be?In his New York Times bestseller Justice, Sandel showed himself to be a master at illuminating, with clarity and verve, the hard moral questions we confront in our everyday lives. Now, in What Money Can't Buy, he provokes an essential discussion that we, in our market-driven age, need to have: What is the proper role of markets in a democratic society—and how can we protect the moral and civic goods that markets don't honor and that money can't buy?

Critical Theory and Economics
Critical Theory and Economics

Author: Robin Maialeh

Publisher: Taylor & Francis

Published: 2023-03-23

Total Pages: 165

ISBN-13: 1000853373

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This book expands upon a range of economic insights within the overall context of critical theory, particularly with respect to the question of socioeconomic inequalities, and presents an explanation of how critical theory provides a number of interesting perspectives for economists. Economic agents, deliberately imprisoned in their instrumental rationality as a means to survive under competitive relationships, are microscopic constituents of systemic forces which exist beyond their will. Despite the subjective rationality of such agents in terms of formally logical transitivity and consistency, aggregate market distributional mechanisms also display non-rational patterns. The crucial aspect of the dynamics of this system consists of the paralysing effect of the high level of socioeconomic inequality, which is driven by a permanent struggle for self-preservation under competitive rules; it is a reminiscence of natural, uncivilised relationships that constituted the reproduction process of the whole. These reified agents thus become instruments of their socially constructed powers on the one hand, and objects of their existential conditionality on the other. Hence, the dialectical approach adopted by the author aims to uncover the way in which structurally genetic market forces govern individual behaviour, as well as how individual behaviour shapes these structurally genetic forces, which, together, form the transcending principles of unequal distribution. This book will be of particular interest to scholars of the political economy, philosophy and the methodology of the social sciences, especially those concerned with inequality issues. This book includes a preface written by Professor Martin Jay.