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Record Nr. |
UNINA9910797037803321 |
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Autore |
Wight Jonathan B. |
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Titolo |
Ethics in Economics : An Introduction to Moral Frameworks / / Jonathan B. Wight |
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Pubbl/distr/stampa |
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Stanford, CA : , : Stanford University Press, , [2020] |
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©2015 |
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ISBN |
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Descrizione fisica |
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1 online resource (294 p.) |
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Disciplina |
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Soggetti |
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Economics -- Moral and ethical aspects |
Economics - Moral and ethical aspects |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di contenuto |
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Front matter -- Contents -- Figures -- Acknowledgments -- Preface -- 1. Why Ethics Matters -- 2. Outcomes -- 3. Duties, Rules, and Virtues -- 4. Welfare and Efficiency -- 5. Pareto Efficiency and Cost–Benefit Analysis -- 6. Critiques of Welfare as Preference Satisfaction -- 7. Moral Limits to Markets -- 8. The Science behind Adam Smith’s Ethics -- 9. Ethics and the Financial Crisis of 2008 -- 10. Economic Justice: Process versus Outcomes -- 11. Economic Justice: Equal Opportunity -- 12. Ethical Pluralism in Economics -- Notes -- Index |
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Sommario/riassunto |
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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 |
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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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