Description
Book SynopsisDoes economic analysis need to incorporate a more rounded and ethical view of individuals? What is the ethical status of market capitalism? How should ethical and economic considerations be weighed together?
Market Capitalism and Moral Values brings together a distinguished group of academics and policy makers who provide detailed discussion of some of the key issues at the intersection of economics and ethics. This volume focuses on the effect of moral beliefs on economic conduct, recognizing that beliefs and moral codes act as restraints on economic agents just as much as limited budgets or institutional environment.
These essays combine academic rigour and clarity of presentation in addressing some of the foundational questions concerning the morality of both our economic system and economic analysis. With contributions from leading academics, commentators and policymakers such as Samuel Brittan, Nigel Lawson, Amartya Sen and Robert Skidelsky, this volume will be welcomed as a stimulating, authoritative discussion of interest to all those concerned with the ethical dimension of market capitalism.
Market Capitalism and Moral Values brings together a distinguished group of academics, policy advisors and policymakers who provide detailed discussion of some of the key issues at the intersection of economics and ethics. These essays combine academic rigour and clarity of presentation in addressing some of the foundational questions concerning the morality of both of our economic system and our economic analysis.
Trade Review’. . . a very interesting collection. . . . The book and the field of enquiry it represents merit the attention of the Australian profession - not least because economists in Australia exercise more influence and attract more overt hostility than anywhere else I know.’ -- Geoffrey Brennan, Economic Record’. . . the interest of the subject matter ensures that the book will be widely read.’– David Collard, Economic Journal
Table of ContentsContents: Introduction (S. Brittan) 1. Economics and Ethics (S. Brittan) 2. Moral Codes and Economic Success (A. Sen) 3. Some Reflections on Morality and Capitalism (N. Lawson) 4. The Ethics of Unemployment and Mafia Capitalism (J.S. Flemming) 5. What Moral Constraints for Business (N. Barry) 6. Fairness in the Rationing of Health Care (J. Broome) 7. The Role of Ethics in Keynes’s Economics (R. Skidelsky) 8. Ethical Constraints on Price Flexibility (M.M. Beber and L. Ornaghi) 9. Alturism, Ethics and Economics: The Significance of Non-Egotistical Preferences for Economics (J. Fender) 10. The Moral of the Market (A. Hamlin)
