Economics as a Moral Science

✍ Scribed by Peter Rona, Laszlo Zsolnai (eds.)

Publisher: Springer International Publishing
Year: 2017
Tongue: English
Leaves: 279
Series: Virtues and Economics 1
Edition: 1
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

The book is reclaiming economics as a moral science. It argues that ethics is a relevant and inseparable aspect of all levels of economic activity, from individual and organizational to societal and global. Taking ethical considerations into account is needed in explaining and predicting the behavior of economic agents as well as in evaluating and designing economic policies and mechanisms.

The unique feature of the book is that it not only analyzes ethics and economics on an abstract level, but puts behavioral, institutional and systemic issues together for a robust and human view of economic functioning. It sees economic “facts” as interwoven with human intentionality and ethical content, a domain where utility calculations and moral considerations co-determine the behavior of economic agents and the outcomes of their activities.

The book employs the personalist approach that sees human persons – endowed with free will and conscience – as the basic agents of economic life and defines human flourishing as the final end of economic activities. The book demonstrates that economics can gain a lot in meaning and also in analytical power by reuniting itself with ethics.

✦ Table of Contents

Front Matter....Pages i-xvi
Front Matter....Pages 1-1
Why Economics Is a Moral Science....Pages 3-9
Issues and Themes in Moral Economics....Pages 11-18
Front Matter....Pages 19-19
Economics as if Ethics Mattered....Pages 21-41
Teleological Reasoning in Economics....Pages 43-56
Economic Rationality Versus Human Reason....Pages 57-67
Rediscovering a Personalist Economy....Pages 69-77
Happiness and Human Flourishing....Pages 79-93
Understanding Financial Crises: The Contribution of the Philosophy of Money....Pages 95-105
Economics and Vulnerability: Relationships, Incentives, Meritocracy....Pages 107-128
Front Matter....Pages 129-129
Ethics, Economics and the Corporation....Pages 131-162
Are Business Ethics Relevant?....Pages 163-173
Economy of Mutuality....Pages 175-197
Economic Wisdom for Managerial Decision-Making....Pages 199-211
Front Matter....Pages 213-213
Catholic Social Thought and Amartya Sen on Justice....Pages 215-223
The Theological Virtue of Charity in the Economy: Reflections on “Caritas in veritate”....Pages 225-232
Ethics of Development in the Age of Globalization....Pages 233-248
Transdisciplinarity Governance and the Common Good....Pages 249-267
Front Matter....Pages 269-269
Agenda for Future Research and Action....Pages 271-274
Back Matter....Pages 275-280

✦ Subjects

Business Ethics

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