Ethics in Economics: An Introduction to Moral Frameworks

Ethics in Economics: An Introduction to Moral Frameworks

In Ethics in Economics , Jonathan B. Wight provides an overview of the role that ethical considerations play in economic debates. Whereas much of the field tends to focus on welfare outcomes, Wight calls for a deeper examination of the origin and evolution of our moral norms. He argues that economic life relies on three interrelated ethical systems: outcome-based, duty- and rule-based, and virtue-based. Integrating contemporary theoretical and applied research on ethics within a historical framework, Wight provides a thorough and accessible outline of all three schools, explaining how they fit or contrast with the economic welfare model. The book then uses these conceptual underpinnings to examine a range of contemporary topics, such as the 2008 financial crisis, the moral limits to markets, the findings of experimental economics, and the nature of economic justice. Wight's analysis is guided by the innovative concept of ethical pluralismâ€•the recognition that each system has appropriate applications, and that no one prevails. He makes the case that considering a wider moral framework, rather than concentrating on utility maximization, can lead to a richer understanding of human behavior and better policy decisions. An incisive overview in a blossoming area of interest within Economics, this book is ideal for undergraduates or uninitiated readers who seek an introduction to this topic.

Country	USA
Author	Jonathan B. Wight
Binding	Paperback
EAN	9780804794534
Edition	1
IsAdultProduct
ISBN	0804794537
Label	Stanford Economics and Finance
Manufacturer	Stanford Economics and Finance
NumberOfItems	1
NumberOfPages	293
PublicationDate	2015-04-22
Publisher	Stanford Economics and Finance
ReleaseDate	2015-04-22
Studio	Stanford Economics and Finance

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