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This book integrates the moral philosophy of Immanuel Kant—particularly the concepts of autonomy, dignity, and character—into economic theory, enriching models of individual choice and policymaking, while contributing to our understanding of how the economic individual fits into society.

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Genre: Business & Economics
Author: Mark White
Publisher: Stanford University Press
Release: 2011-05-17
File: 270 Pages
ISBN-13: 9780804768948

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This book introduces the moral philosophy of Immanuel Kant—in particular, the concepts of autonomy, dignity, and character—to economic theory, explaining the importance of integrating these two streams of intellectual thought. Mainstream economics is rooted in classical utilitarianism, recommending that decision makers choose the options that are expected to generate the largest net benefits. For individuals, the standard economic model fails to incorporate the role of principles in decision-making, and also denies the possibility of true choice, which can be independent of preferences and principles altogether. For policymakers, standard decision-making frameworks recommend tradeoffs that are beneficial in terms of material goods or wealth, but may be morally questionable from a more person-centered perspective. Integrating Kantian ethics affects economics in three important ways. This integration allows for a more complete understanding of human choice, incorporating not just preferences and constraints, but also principles and strength of will or character. It demonstrates the broader impact of welfare economics, which generates policies that affect not only persons' well-being, but also their dignity and autonomy. Finally, it reconciles the traditional, individualist stance in economic models of choice with the social responsibility emphasized by many systems of philosophical ethics and heterodox schools of economics.

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Genre: Business & Economics
Author: Mark White
Publisher: Stanford University Press
Release: 2011-05-17
File: 288 Pages
ISBN-13: 9780804777636

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Economics and ethics are both valuable tools for analyzing the behavior and actions of human beings and institutions. Adam Smith, the father of modern economics, considered them two sides of the same coin, but since economics was formalized and mathematicised in the late 1800s and early 1900s, the fields have largely followed separate paths. The Oxford Handbook of Ethics and Economics provides a timely and thorough survey of the various ways ethics can, does, and should inform economic theory and practice. The first part of the book, Foundations, explores how the most prominent schools of moral philosophy relate to economics; asks how morals relevant to economic behavior may have evolved; and explains how various approaches to economics incorporate ethics into their work. The second part, Applications, looks at the ethics of commerce, finance, and markets; uncovers the moral dilemmas involved with making decisions regarding social welfare, risk, and harm to others; and explores how ethics is relevant to major topics within economics, such as health care and the environment. With esteemed contributors from economics and philosophy, The Oxford Handbook of Ethics and Economics is a resource for scholars in both disciplines and those in related fields. It highlights the close relationship between ethics and economics in the past while and lays a foundation for further integration going forward.

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Genre:
Author: Mark D. White
Publisher: Oxford University Press, USA
Release: 2019-06-13
File: 672 Pages
ISBN-13: 9780198793991

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It is more important than ever that a business must be both ethical and profitable. In this thoroughly revised and updated second edition, Norman E. Bowie shows that by applying Kant's three formulations of the categorical imperative, and by doing the right thing for the right reason, a business can achieve success in both of these fields. Bowie uses examples such as building trust, transparency through open book management and respecting employees by providing a living wage and meaningful work. This new edition, for graduates and academic researchers in the field of business ethics, has been heavily revised to include the newest scholarship on Kantian ethics, with a new emphasis on Kant's later moral and political theory, a workable account of Kantian capitalism, and additional accounts on corporate social responsibility, Kantianism and human rights, corporate moral agency, and the Kantian theory of meaningful work.

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Genre: Business & Economics
Author: Norman E. Bowie
Publisher: Cambridge University Press
Release: 2017-02-16
File: 234 Pages
ISBN-13: 9781107120907

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Economics and the Virtues contains thirteen original essays by leading economists and philosophers that explore the contributions that virtue ethics can make to economics. Compared to other major systems of ethics such as utilitarianism and deontology that focus on the rightness or wrongness of actions, virtue ethics focuses on individuals and the virtues, character, and judgment that lead them in act morally. For this reason, virtue ethics provides aunique ethical perspective on the behavior of the individuals in economic models, a perspective which has become invaluable following recent financial events in the real world. The chapters in Economics and theVirtues provide historical and modern insights in both economics and philosophy and offer novel suggestions for incorporating the ethics of virtue into economics in order to make it more applicable to moral dilemmas in the world outside the models.

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Genre: Economics
Author: Jennifer A. Baker
Publisher: Oxford University Press
Release: 2016-01-07
File: 288 Pages
ISBN-13: 9780198701392

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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 pluralism—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.

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Genre: Business & Economics
Author: Jonathan B. Wight
Publisher: Stanford University Press
Release: 2015-04-22
File: 296 Pages
ISBN-13: 9780804794565

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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.

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Genre: Business & Economics
Author: Mark D. White
Publisher: Routledge
Release: 2013-09-13
File: 256 Pages
ISBN-13: 9781317988861

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“This is an immensely useful resource for other scholars and philosophers wishing to understand Kant’s views on love.” – Rae Langton, University of Cambridge What did Immanuel Kant really think about love? In Kant on Love, Pärttyli Rinne provides the first systematic study of ‘love’ in the philosophy of Kant. Rinne argues that love is much more important to Kant than previously realised, and that understanding love is actually essential for Kantian ethical life.The study involves two interpretative main propositions. First, that love in Kant includes an underlying general division of love into love of benevolence and love of delight. Further, the study divides Kant’s concept of love into several aspects of love, such as self-love, sexual love (and love of beauty), love of God, love of neighbor and love in friendship. A chapter of the book is devoted to each of these aspects, beginning with the lowest forms of self-love as crude animality, and moving gradually upwards towards idealised ethical notions of love. One way or another, the major aspects relate to the general division of love.This analytical trajectory yields the second main proposition of the study: Together, the aspects of love reveal an ascent of love in Kant’s thought. Perhaps surprisingly, for Kant, love permeates human existence from the strongest impulses of nature to the highest ideals of morally deserved happiness.

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Genre: Philosophy
Author: Pärttyli Rinne
Publisher: Walter de Gruyter GmbH & Co KG
Release: 2018-01-22
File: 197 Pages
ISBN-13: 9783110543896

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The focus of this textbook is on the link between ethics and economic policy analysis. Basic philosophical concepts are systematically described, followed by conventional welfare economic theory and policy, and applications to some topical economic problems such as income distribution and sustainable development.

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Genre: Political Science
Author: Wilfred Beckerman
Publisher: Palgrave
Release: 2010-12-09
File: 240 Pages
ISBN-13: 023027837X

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