Value in Ethics and Economics

Value in Ethics and Economics PDF Author: Elizabeth Anderson
Publisher: Harvard University Press
ISBN: 0674931904
Category : Philosophy
Languages : en
Pages : 244

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Book Description
Elizabeth Anderson offers a new theory of value and rationality that rejects cost-benefit analysis in our social lives and in our ethical theories. This account of the plurality of values thus offers a new approach, beyond welfare economics and traditional theories of justice, for assessing the ethical limitations of the market. In this light, Anderson discusses several contemporary controversies involving the proper scope of the market, including commercial surrogate motherhood, privatization of public services, and the application of cost-benefit analysis to issues of environmental protection. Table of Contents: Preface 1. A Pluralist Theory of Value A Rational Attitude Theory of Value Ideals and Self-Assessment How Goods Differ in Kind (I): Different Modes of Valuation How Goods Differ in Kind (II): Social Relations of Realization 2. An Expressive Theory of Rational Action Value and Rational Action The Framing of Decisions The Extrinsic Value of States of Affairs Consequentialism Practical Reason and the Unity of the Self 3. Pluralism and Incommensurable Goods The Advantages of Consequentialism A Pragmatic Theory of Comparative Value Judgments Incommensurable Goods Rational Choice among Incommensurable Goods 4. Self-Understanding, the Hierarchy of Values, and Moral Constraints The Test of Self-Understanding The Hierarchy of Values Agent-Centered Restrictions Hybrid Consequentialism A Self-Effacing Theory of Practical Reason? 5. Criticism, Justification, and Common Sense A Pragmatic Account of Objectivity The Thick Conceptual Structure of the Space of Reasons How Common Sense Can Be Self-Critical Why We Should Ignore Skeptical Challenges to Common Sense 6. Monistic Theories of Value Monism Moore's Aesthetic Monism Hedonism Rational Desire Theory 7. The Ethical Limitations of the Market Pluralism, Freedom, and Liberal Politics The Ideals and Social Relations of the Modern Market Civil Society and the Market Personal Relations and the Market Political Goods and the Market The Limitations of Market Ideologies 8. Is Women's Labor a Commodity? The Case of Commercial Surrogate Motherhood Children as Commodities Women's Labor as a Commodity Contract Pregnancy and the Status of Women Contract Pregnancy, Freedom, and the Law 9. Cost-Benefit Analysis, Safety, and Environmental Quality Cost-Benefit Analysis as a Form of Commodification Autonomy, Labor Markets, and the Value of Life Citizens, Consumers, and the Value of the Environment Toward Democratic Alternatives to Cost-Benefit Analysis Conclusion Notes References Index Reviews of this book: Anderson/auhtor is anxious to combat what she sees as a tendency for commercial values to invade areas of human life where they do not belong...A useful contribution to debate about the proper scope of the market. "Not everything is a commodity, insists Anderson, and her brief should shake up social science technocrats." DD--Philadelphia Inquirer "The book is rich in both argument and application." DD--Alan Hamlin, Times Higher Education Supplement "In this rich and insightful book Elizabeth Anderson develops an original account of value and rational action and then employs this account to address the pragmatic political question of what the proper range of the market should be. Anderson's principal targets are consequentialism, monism and the crude 'economistic' reasoning which underpins much contemporary social policy...This is an important book...For anyone interested in political philosophy this is essential reading." DD--A. J. Walsh, Australasian Journal of Philosophy --Hugo Dixon, Financial Times [UK] Reviews of this book: Not everything is a commodity, insists Anderson, and her brief should shake up social science technocrats. --Philadelphia Inquirer Reviews of this book: The book is rich in both argument and application. --Alan Hamlin, Times Higher Education Supplement Reviews of this book: In this rich and insightful book Elizabeth Anderson develops an original account of value and rational action and then employs this account to address the pragmatic political question of what the proper range of the market should be. Anderson's principal targets are consequentialism, monism and the crude 'economistic' reasoning which underpins much contemporary social policy...This is an important book...For anyone interested in political philosophy this is essential reading. --A. J. Walsh, Australasian Journal of Philosophy

Value in Ethics and Economics

Value in Ethics and Economics PDF Author: Elizabeth Anderson
Publisher: Harvard University Press
ISBN: 0674931904
Category : Philosophy
Languages : en
Pages : 244

Get Book

Book Description
Elizabeth Anderson offers a new theory of value and rationality that rejects cost-benefit analysis in our social lives and in our ethical theories. This account of the plurality of values thus offers a new approach, beyond welfare economics and traditional theories of justice, for assessing the ethical limitations of the market. In this light, Anderson discusses several contemporary controversies involving the proper scope of the market, including commercial surrogate motherhood, privatization of public services, and the application of cost-benefit analysis to issues of environmental protection. Table of Contents: Preface 1. A Pluralist Theory of Value A Rational Attitude Theory of Value Ideals and Self-Assessment How Goods Differ in Kind (I): Different Modes of Valuation How Goods Differ in Kind (II): Social Relations of Realization 2. An Expressive Theory of Rational Action Value and Rational Action The Framing of Decisions The Extrinsic Value of States of Affairs Consequentialism Practical Reason and the Unity of the Self 3. Pluralism and Incommensurable Goods The Advantages of Consequentialism A Pragmatic Theory of Comparative Value Judgments Incommensurable Goods Rational Choice among Incommensurable Goods 4. Self-Understanding, the Hierarchy of Values, and Moral Constraints The Test of Self-Understanding The Hierarchy of Values Agent-Centered Restrictions Hybrid Consequentialism A Self-Effacing Theory of Practical Reason? 5. Criticism, Justification, and Common Sense A Pragmatic Account of Objectivity The Thick Conceptual Structure of the Space of Reasons How Common Sense Can Be Self-Critical Why We Should Ignore Skeptical Challenges to Common Sense 6. Monistic Theories of Value Monism Moore's Aesthetic Monism Hedonism Rational Desire Theory 7. The Ethical Limitations of the Market Pluralism, Freedom, and Liberal Politics The Ideals and Social Relations of the Modern Market Civil Society and the Market Personal Relations and the Market Political Goods and the Market The Limitations of Market Ideologies 8. Is Women's Labor a Commodity? The Case of Commercial Surrogate Motherhood Children as Commodities Women's Labor as a Commodity Contract Pregnancy and the Status of Women Contract Pregnancy, Freedom, and the Law 9. Cost-Benefit Analysis, Safety, and Environmental Quality Cost-Benefit Analysis as a Form of Commodification Autonomy, Labor Markets, and the Value of Life Citizens, Consumers, and the Value of the Environment Toward Democratic Alternatives to Cost-Benefit Analysis Conclusion Notes References Index Reviews of this book: Anderson/auhtor is anxious to combat what she sees as a tendency for commercial values to invade areas of human life where they do not belong...A useful contribution to debate about the proper scope of the market. "Not everything is a commodity, insists Anderson, and her brief should shake up social science technocrats." DD--Philadelphia Inquirer "The book is rich in both argument and application." DD--Alan Hamlin, Times Higher Education Supplement "In this rich and insightful book Elizabeth Anderson develops an original account of value and rational action and then employs this account to address the pragmatic political question of what the proper range of the market should be. Anderson's principal targets are consequentialism, monism and the crude 'economistic' reasoning which underpins much contemporary social policy...This is an important book...For anyone interested in political philosophy this is essential reading." DD--A. J. Walsh, Australasian Journal of Philosophy --Hugo Dixon, Financial Times [UK] Reviews of this book: Not everything is a commodity, insists Anderson, and her brief should shake up social science technocrats. --Philadelphia Inquirer Reviews of this book: The book is rich in both argument and application. --Alan Hamlin, Times Higher Education Supplement Reviews of this book: In this rich and insightful book Elizabeth Anderson develops an original account of value and rational action and then employs this account to address the pragmatic political question of what the proper range of the market should be. Anderson's principal targets are consequentialism, monism and the crude 'economistic' reasoning which underpins much contemporary social policy...This is an important book...For anyone interested in political philosophy this is essential reading. --A. J. Walsh, Australasian Journal of Philosophy

The Economics of Ethics and the Ethics of Economics

The Economics of Ethics and the Ethics of Economics PDF Author: Geoffrey Brennan
Publisher: Edward Elgar Publishing
ISBN: 1849801908
Category : Business & Economics
Languages : en
Pages : 239

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Book Description
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. Peter Dietsch, Université de Montréal, Canada Do market prices reflect values? What is the relation between social norms and economic incentives? Do economic agents respond to ethical arguments? By probing the boundaries between positive and normative theorizing and by bridging ethics, economics, and political science, this book is able to address a fascinating set of questions. I strongly recommend this book to anyone interested in normative issues in public policy to academics and practitioners alike. Fabienne Peter, University of Warwick, UK 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.

Value Economics

Value Economics PDF Author: M. R. Griffiths
Publisher: Springer
ISBN: 1137541873
Category : Political Science
Languages : en
Pages : 289

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Book Description
The last financial crisis revealed a gap between business practice and ethics. In Value Economics, Griffiths and Lucas examine some of the reasons for this ethical gap and discuss the resulting loss of confidence in the financial system. One of the reasons has been hazy or inadequate thinking about how we value economic enterprises. With the close link between the creation of value and business ethics in mind, this book proposes that economic value should become the basic metric for evaluating performance in the creation of value, and for establishing fair and reasonable standards for executive compensation. Value Economics considers a number of rational philosophical principles for business management, on which practical codes of business ethics can be based. As the creation of value has moral implications for economic justice, the book reaffirms the argument for economics as a moral science, and seeks, within the context of proposed changes in the regulation and control of financial services, to answer the following question: will things really change after the last financial crisis?

Beyond Naïveté

Beyond Naïveté PDF Author: Rohnn B. Sanderson
Publisher: University Press of America
ISBN: 0761859594
Category : Philosophy
Languages : en
Pages : 306

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Book Description
This book discusses theories in economics and ethics to help the reader understand all points of view regarding the crossroads between economic systems and individual and social values. Covering microeconomic and macroeconomic theory, as well as many topics discussed in a university-level ethics course, Beyond Naïveté demonstrates how ethics and philosophy speak to economic questions and how economics addresses philosophical and ethical questions. Easily accessible to non-specialists, the book also provides numerous insights for specialists in economics, philosophical ethics, or both.

Principles of Ethical Economy

Principles of Ethical Economy PDF Author: P. Koslowski
Publisher: Springer Science & Business Media
ISBN: 9780792367130
Category : Business & Economics
Languages : en
Pages : 298

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Book Description
The theory of ethical economy analyses the ethical presuppositions of the market economy. It demonstrates that ethics is the pre-coordination in the motives of the economic agents anteceding the coordination of the price system in the market process. Ethical economy develops a positive theory of economic, ethical, and religious coordination of self-interested action described as a super-assurance game of prisoners' dilemma situations. It conceptualises ethics as the corrective of market failure and religion as the corrective of ethics failure. The formal ethics of coordination is then complemented by a theory of the material-substantive ethics of value qualities. One principle of ethical economy is the classical principle of double effect that is used for a theory of managerial and general decision-making. Unintended side-effects (externalities) are a central problem of decisions of large impact. Management decision making must exploit the potential for positive side-effects and control the negative side-effects of managerial decisions. The theory of ethical economy analyses the principles of just price and fair pricing and the relevance of the theory of just price for the pricing behaviour of the modern firm. Principles of Ethical Economy forms a theoretical synthesis of the market theory of modern economics and of the natural right tradition of ethics. It creates new insights into the ethics of the market as well as in the economics presuppositions and consequences of ethical duties, virtues, and goods.

Ethical Issues in Economics

Ethical Issues in Economics PDF Author: M. Lunati
Publisher: Springer
ISBN: 0230373585
Category : Business & Economics
Languages : en
Pages : 207

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Book Description
A critical perspective on the foundations of economic theory showing the importance of ethical considerations and focusing in particular on altruism, cooperation and equity. Mainstream neoclassical economics is analysed and challenged from a moral and socio-economic perspective, emphasizing the relationship between economics, ethics and politics. Throughout the book the nature of homo economicus is contrasted with that of homo ethicus. Their different moral principles, behavioural rules and values are compared and the importance of this battle for a good and civilised society is emphasised.

Equal Value

Equal Value PDF Author: Carol S. Robb
Publisher: Beacon Press
ISBN: 9780807065051
Category : Law
Languages : en
Pages : 212

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Book Description
An incisive exploration of economic discrimination against women, and the policy and ethical reforms that could create a more just future.

Moral Markets

Moral Markets PDF Author: Paul J. Zak
Publisher: Princeton University Press
ISBN: 1400837367
Category : Business & Economics
Languages : en
Pages : 387

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Book Description
Like nature itself, modern economic life is driven by relentless competition and unbridled selfishness. Or is it? Drawing on converging evidence from neuroscience, social science, biology, law, and philosophy, Moral Markets makes the case that modern market exchange works only because most people, most of the time, act virtuously. Competition and greed are certainly part of economics, but Moral Markets shows how the rules of market exchange have evolved to promote moral behavior and how exchange itself may make us more virtuous. Examining the biological basis of economic morality, tracing the connections between morality and markets, and exploring the profound implications of both, Moral Markets provides a surprising and fundamentally new view of economics--one that also reconnects the field to Adam Smith's position that morality has a biological basis. Moral Markets, the result of an extensive collaboration between leading social and natural scientists, includes contributions by neuroeconomist Paul Zak; economists Robert H. Frank, Herbert Gintis, Vernon Smith (winner of the 2002 Nobel Prize in economics), and Bart Wilson; law professors Oliver Goodenough, Erin O'Hara, and Lynn Stout; philosophers William Casebeer and Robert Solomon; primatologists Sarah Brosnan and Frans de Waal; biologists Carl Bergstrom, Ben Kerr, and Peter Richerson; anthropologists Robert Boyd and Michael Lachmann; political scientists Elinor Ostrom and David Schwab; management professor Rakesh Khurana; computational science and informatics doctoral candidate Erik Kimbrough; and business writer Charles Handy.

Economics and Ethics

Economics and Ethics PDF Author: John Atkinson Hobson
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 534

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Book Description


The Oxford Handbook of Value Theory

The Oxford Handbook of Value Theory PDF Author: Iwao Hirose
Publisher: Oxford Handbooks
ISBN: 0199959307
Category : Philosophy
Languages : en
Pages : 457

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Book Description
Questions about value are important in many contexts. Value theory, or axiology, studies which things are good or bad, how good or bad they are, and, most fundamentally, what it is for a thing to be good or bad. This handbook provides a comprehensive and state-of-art overview of the debate in value theory.