Economics of Ethics and the Ethics of Economics

Values, Markets and the State

Inbunden, Engelska, 2009

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This book makes a rational and eloquent case for the closer integration of ethics and economics. It expands upon themes concerned with esteem, self-esteem, emotional bonding between agents, expressive concerns, and moral requirements. Economists have long assumed that 'value' and 'price' are synonymous and interchangeable. The authors show how disregarding this false assumption and adopting an interdisciplinary approach could improve the economics profession by distinguishing economic values from ethical values. Replete with discussions that will challenge conventional economics, this book offers a corrective argument against the rigid separation of agents' motivation and the purely normative aspects of economic analysis. The various contributions explore the different dimensions at the frontier between the rational and the moral in political economy, ethics and philosophy. Containing a variety of cross-border analyses, this innovative book will be a must-read for economists, political scientists and philosophers. It will also be an invaluable resource for students in the fields of economics and philosophy.

Produktinformation

Utgivningsdatum2009-11-27
Mått156 x 234 x undefined mm
FormatInbunden
SpråkEngelska
FörlagEdward Elgar Publishing Ltd
ISBN9781848446540

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Edited by the late Geoffrey Brennan, formerly Professor of Economics, Research School of Social Sciences, The Australian National University, Canberra, Professor of Philosophy, University of North Carolina, Chapel Hill, US and Professor of Political Science, Duke University, US and the late Giuseppe Eusepi, formerly Professor of Public Finance, Department of Law and Economics of Productive Activities, Sapienza University of Rome, Italy

Contents:Introduction: Ethics vs Economics – In Praise of the ‘Disciplined’ Life?Geoffrey Brennan and Giuseppe EusepiPART I: PATHWAYS THROUGH PRICES AND VALUES1. Ethics and the Extent of the MarketJames M. Buchanan2. Value and Values, Preferences and Price: An Economic Perspective on Ethical QuestionsGeoffrey Brennan and Giuseppe Eusepi3. An Economist’s Plaidoyer for a Secular Ethics: The Moral Foundation and Social Role of Critical RationalismStefano Gorini4. Conceptual Confusions, Ethics and EconomicsHartmut KliemtPART II: MONEY AND MEDALS: THE ROLE OF MOTIVATIONS IN COLLECTIVE CHOICES 5. Awards: A View from EconomicsBruno S. Frey and Susanne Neckermann6. Assessing Collective Decision-making Processes: The Relevance of MotivationPhilip Jones7. Positive Constraints on Normative Political TheoryGeoffrey Brennan and Alan HamlinPART III: POLITICAL MARKET PROCESSES AND LIBERAL ETHICS: TAX FAIRNESS VS TAX MORALE8. The Deregulation of the Political Process: Towards an International Market for Good PoliticsReiner Eichenberger and Michael Funk9. Do We Really Know Much About Tax Non-compliance?Lars P. Feld10. Searching for Fairness in Taxation: Lessons from the Italian School of Public FinanceLuisa Giuriato11. Cooperation, Reciprocity and Self-esteem: A Theoretical ApproachMarcello Basili and Maurizio FranziniIndex

'Economics and ethics are succumbing to the pull of disciplinary specialisation at their own peril. This volume represents a necessary and most welcome reminder of some ways in which the two are intertwined. How do economic preferences relate to ethical values? What are the motivational underpinnings on which we should base a theory of choice? What explains compliance with rules, and with tax legislation in particular? Any economist or political philosopher interested in these questions must read this book.'