Wellbeing, Nature, and Moral Values in Economics

Wellbeing, Nature, and Moral Values in Economics
Author: Heinz Welsch
Publisher: Taylor & Francis
Total Pages: 178
Release: 2023-02-15
Genre: Business & Economics
ISBN: 1000840808

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
Total Pages: 472
Release: 1997-11-01
Genre: Business & Economics
ISBN: 9781559635608

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
Total Pages: 285
Release: 2020-05-29
Genre: Business & Economics
ISBN: 1782549455

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
Total Pages: 272
Release: 1996
Genre: Business & Economics
ISBN: 9781563247354

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
Total Pages: 137
Release: 2014-02-03
Genre: Business & Economics
ISBN: 1317962680

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
Total Pages: 466
Release: 1993-03-11
Genre: Fiction
ISBN: 0198287976

Commentator: Ruth Anna Putnam

Handbook of Economics and Ethics

Handbook of Economics and Ethics
Author: Jan Peil
Publisher: Edward Elgar Publishing
Total Pages: 625
Release: 2009-01-01
Genre: Business & Economics
ISBN: 1848449305

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
Total Pages: 144
Release: 2020-05-25
Genre: Business & Economics
ISBN: 135116886X

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.

Critical Theory and Economics

Critical Theory and Economics
Author: Robin Maialeh
Publisher: Taylor & Francis
Total Pages: 165
Release: 2023-03-23
Genre: Business & Economics
ISBN: 1000853373

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.

History of Environmental Economic Thought

History of Environmental Economic Thought
Author: Erhun Kula
Publisher: Psychology Press
Total Pages: 254
Release: 1998
Genre: Business & Economics
ISBN: 9780415133890

This volume presents the ideas of major figures in economics throughout history on key environmental issues such as population growth, resource scarcity and environmental contamination. Throughout, the historical roots of current debates are explored with empirical case studies illustrating the link between theory and practice. The final chapters look at current ideas on sustainability, and ethical and spiritual dimensions of humanity's relationship with the environment. Providing fascinating insight into the development of environmental economic thought, this volume will be of great interest to students and researchers in the history of economic thought and environmental economics.