Since the days of Adam Smith, ethics and economics have been closely intertwined, and were nominally separated only with the advent of neoclassical economics in the beginning of the last century. This book features eleven essays by leading scholars in economics and philosophy who argue for a renewal of the bond between the two disciplines.
Several of the contributors argue that the ethical content of economics and moral status of the market have been misunderstood, for better and for worse. Some recommend changes in the way that individual economic choice is modelled, in order to incorporate ethical as well as self-interested motivations. Finally, others question the way that societies assess economic policies that affect the welfare and dignity of their constituents.
A wide range of philosophical perspectives is offered, drawing from the classic writings of Adam Smith, Immanuel Kant, and the ancient Stoics, to that of current scholars such as Amartya Sen, Elizabeth Anderson, and Christine Korsgaard. This book provides a comprehensive introduction to the cutting edge of interdisciplinary research between ethics and economics, and is sure to be an important resource for scholars in both fields.
This book was published as a combination of the special issues Review of Political Economy and Review of Social Economy.
1. Introduction Irene van Staveren, Radboud University Nijmegen and Institute of Social Studies, The Netherlands, and Mark D. White, College of Staten Island/CUNY, USA
2. The 'Dismal Science' - Still? Economics and Human Flourishing Mark A. Lutz, University of Maine, USA
3. Communitarianism and the Market: A Paradox Irene van Staveren, Radboud University Nijmegen and Institute of Social Studies, The Netherlands
4. Not by P Alone: A Virtuous Economy Deirdre N. McCloskey, University of Illinois at Chicago, USA, and Academia Vitae, The Netherlands
5. Virtue and Behavior Jennifer A. Baker, College of Charleston, USA
6. Freedom, Values and Sen: Towards a Morally Enriched Classical Economic Theory Vivian Walsh, Muhlenberg College, USA
7. Pareto, Consent, and Respect for Dignity: A Kantian Perspective Mark D. White, College of Staten Island/CUNY, USA
8. Identity and individual economic agents: A narrative approach John B. Davis, Marquette University, USA, and University of Amsterdam, The Netherlands
9. Adam Smith on Instincts, Affection, and Informal Learning: Proximate Mechanisms in Multilevel Selection Jonathan Wight, University of Richmond, USA
10. Two Views of Corruption and Democracy Mozaffar Qizilbash, University of York, UK
11. From 'Hume's Law' to Problem- and Policy-Analysis for Human Development. Sen after Dewey, Myrdal, Streeten, Stretton and Haq Des Gasper, Institute of Social Studies, The Netherlands
12. The Efficiency of Equity Stephen Klasen, University of Göttingen, Germany