The Ethical Formation of Economists

The Ethical Formation of Economists PDF

Author: Wilfred Dolfsma

Publisher: Routledge

Published: 2019-06-07

Total Pages: 190

ISBN-13: 135104379X

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Economists' role in society has always been an uneasy one, and in recent years the ethicality of the profession and its practitioners has been questioned more than ever. This collection of essays is the first to investigate the multifaceted nature of what forms economists' ethical and economic views. Bringing together work from international contributors, The Ethical Formation of Economists explores the ways in which economists are influenced in their training and career, examining how this can explain their individual ethical stances as economists. The book suggests that if we can better understand what is making economists think and act as they do, considering ethicality in the process, we might all be better placed to implement changes. The intent is not to exonerate economists from personal responsibility, but to highlight how considering the circumstances that have helped shape economists' views can help to address issues. It is argued that it is important to understand these influences, as without such insights, the demonization of economists is too easily adapted as a stance by society as well as too easily dismissed by economists. This book will be of great interest to those studying and researching in the fields of economics, ethics, philosophy and sociology. It also seeks to bring an ethical debate within and about economics and to cause change in the practical reasoning of economists.

Teaching the Ethical Foundations of Economics

Teaching the Ethical Foundations of Economics PDF

Author: Jonathan B. Wight

Publisher: Council for Economic Educat

Published: 2007-03

Total Pages: 210

ISBN-13: 9781561836482

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Contains 10 lessons that reintroduce an ethical dimension to economics. Students will learn about the important role ethics and character play in a market economy and how, in turn, markets influence ethical behavior.

The Oxford Handbook of Professional Economic Ethics

The Oxford Handbook of Professional Economic Ethics PDF

Author: George F. DeMartino

Publisher: Oxford University Press

Published: 2016-01-04

Total Pages: 688

ISBN-13: 0190269979

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For over a century the economics profession has extended its reach to encompass policy formation and institutional design while largely ignoring the ethical challenges that attend the profession's influence over the lives of others. Economists have proven to be disinterested in ethics. Embracing emotivism, they often treat ethics a matter of mere preference. Moreover, economists tend to be hostile to professional economic ethics, which they incorrectly equate with a code of conduct that would be at best ineffectual and at worst disruptive to good economic practice. But good ethical reasoning is not reducible to mere tastes, and professional ethics is not reducible to a code. Instead, professional economic ethics refers to a new field of investigation-a tradition of sustained and lively inquiry into the irrepressible ethical entailments of academic and applied economic practice. The Oxford Handbook of Professional Economic Ethics explores a wide range of questions related to the nature of ethical economic practice and the content of professional economic ethics. It explores current thinking that has emerged in these areas while widening substantially the terrain of economic ethics. There has never been a volume that poses so directly and intensively the question of the need for and content of professional ethics for economics. The Handbook incorporates the work of leading scholars and practitioners, including academic economists from various theoretical traditions; applied economists, beyond academia, whose work has direct and immense social impact; and philosophers, professional ethicists, and others whose work has addressed the nature of "professionalism" and its implications for ethical practice.

Principles of Ethical Economy

Principles of Ethical Economy PDF

Author: P. Koslowski

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 298

ISBN-13: 9401009562

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John Maynard Keynes wrote to his grandchildren more than fifty years ago about their economic possibilities, and thus about our own: "I see us free, there fore, to return to some of the most sure and certain principles of religion and traditional virtue - that avarice is a vice, that the exaction of usury is a misde meanour. . . . We shall once more value ends above means and prefer the good to the useful" ("Economic Possibilities for Our Grandchildren," pp. 371-72). In the year 1930 Keynes regarded these prospects as realizable only after a time span ofone hundred years, ofwhich we have now achieved more than half. The pres ent book does not share Keynes's view that the possibility of an integration of ethics and economics is dependent exclusively on the state of economic devel opment, though this integration is certainly made easier by an advantageous total economic situation. The conditions of an economy that is becoming post of ethics, cultural industrial and post-modern are favorable for the unification theory, and economics. Economic development makes a new establishment of economic ethics and a theory ofethical economy necessary. Herdecke and Hanover, October 1987 P. K. TABLE OF CONTENTS Foreword v Introduction . 0. 1. Ethical Economy and Political Economy . . 0. 1. 1. Ethical Economy as Theory ofthe Ethical Presuppositions of the Economy and Economic Ethics 3 0. 1. 2.

The Economist's Oath

The Economist's Oath PDF

Author: George F. DeMartino

Publisher: Oxford University Press

Published: 2011-01-26

Total Pages: 272

ISBN-13: 9780199813735

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Economics is today among the most influential of all professions. Economists alter the course of economic affairs and deeply affect the lives of current and future generations. Yet, virtually alone among the major professions, economics lacks a body of professional ethics to guide its practitioners. Over the past century the profession consistently has refused to adopt or even explore professional economic ethics. As a consequence, economists are largely unprepared for the ethical challenges they face in their work. The Economist's Oath challenges the economic orthodoxy. It builds the case for professional economic ethics step by step-first by rebutting economists' arguments against and then by building an escalating positive case for professional economic ethics. The book surveys what economists do and demonstrates that their work is ethically fraught. It explores the principles, questions, and debates that inform professional ethics in other fields, and identifies the lessons that economics can take from the best established bodies of professional ethics. George DeMartino demonstrates that in the absence of professional ethics, well-meaning economists have committed basic, preventable ethical errors that have caused severe harm for societies across the globe. The book investigates the reforms in economic education that would be necessary to recognize professional ethical obligations, and concludes with the Economist's Oath, drawing on the book's central insights and highlighting the virtues that are required of the "ethical economist." The Economist's Oath seeks to initiate a serious conversation among economists about the ethical content of their work. It examines the ethical entailments of the immense influence over the lives of others that the economics profession now enjoys, and proposes a framework for the new field of professional economic ethics.

Ethics in Economics, Business, and Economic Policy

Ethics in Economics, Business, and Economic Policy PDF

Author: Peter Koslowski

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 183

ISBN-13: 3642774342

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This book presents an integration of the analysis of symbo- lic, ethical, and cultural meaning into the theory of econo- mic action. It demontrates that the scope of economics is widened by the inclusion of the cultural and ethical determinants of economic action and by bringing the ethical and cultural factors back into economics and management science. The book's contribution to business ethics and economic ethics lies in its distinctly continental European background which is often overlooked in current discussions of economic theory. The papers in this volume point to a mutual interpenetration of economics and ethics in a new synthesis of "ethical economy".

The Economics of Ethics and the Ethics of Economics

The Economics of Ethics and the Ethics of Economics PDF

Author: Geoffrey Brennan

Publisher: Edward Elgar Pub

Published: 2009

Total Pages: 216

ISBN-13: 9781848446540

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'Do market prices reflect values? What is the relation between social norms and economic incentives? Do economic agents respond to ethical arguments? By probing the boundaries between positive and normative theorizing and by bridging ethics, economics, and political science, this book is able to address a fascinating set of questions. I strongly recommend this book to anyone interested in normative issues in public policy - to academics and practitioners alike.' - Fabienne Peter, University of Warwick, UK

Value Economics

Value Economics PDF

Author: M. R. Griffiths

Publisher: Springer

Published: 2016-11-15

Total Pages: 289

ISBN-13: 1137541873

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The last financial crisis revealed a gap between business practice and ethics. In Value Economics, Griffiths and Lucas examine some of the reasons for this ethical gap and discuss the resulting loss of confidence in the financial system. One of the reasons has been hazy or inadequate thinking about how we value economic enterprises. With the close link between the creation of value and business ethics in mind, this book proposes that economic value should become the basic metric for evaluating performance in the creation of value, and for establishing fair and reasonable standards for executive compensation. Value Economics considers a number of rational philosophical principles for business management, on which practical codes of business ethics can be based. As the creation of value has moral implications for economic justice, the book reaffirms the argument for economics as a moral science, and seeks, within the context of proposed changes in the regulation and control of financial services, to answer the following question: will things really change after the last financial crisis?

Economics and Ethics

Economics and Ethics PDF

Author: Douglas Vickers

Publisher: Bloomsbury Publishing USA

Published: 1997-07-16

Total Pages: 185

ISBN-13: 0313019185

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Noted economist Douglas Vickers reexamines the relationship between economics and moral philosophy. That relationship, once very strong, is again the subject of increasing attention and discussion both within and beyond the academy. Vickers reestablishes the substantial bridges between ethical philosophy and economics. He addresses three main issues: first, the historical means by which economics has consciously surrendered its original association with ethical categories and criteria; second, the need to articulate the appropriate thoughtforms and vocabulary of ethical theory; and third, the illustration of areas in economics where ethical awareness is desirable and should be allowed to exert influence. This work is a major analysis which will be of considerable interest to economists, the business community, government regulators, and all concerned with economic decisionmaking in modern society.

The Impact of the Market

The Impact of the Market PDF

Author: Jurgen von Hagen

Publisher: Wipf and Stock Publishers

Published: 2022-07-29

Total Pages: 301

ISBN-13: 1666750581

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Pluralism has become the defining characteristic of modern societies. Individuals with differing values clamor for equality. Organizations and groups assert particular interests. Social movements flourish and fade. Some see in this clash of principles and aims the potential for a more just human community, while others fear the erosion of enduring culture. Yet beneath this welter stand powerful and pervasive institutions, whose distinctive norms profoundly shape our moral commitments and character—notably the family, the market, the media, and systems of law, religion, politics, research, education, health care, and defense. Drawing on scholarship from five continents, many disciplines, and diverse religious perspectives, this series examines the impact of these various institutions on moral education, character, and values. As globalization carries the shifting dynamic between individuals and institutions into every part of the globe, the contributors hope that this conversation will help address the increasing challenges confronting our pluralist societies and our world. In the theoretical, empirical, and historical contributions to this volume, theologians, economists, and market practitioners discuss the many tensions between market economics, ethics, and the Christian religion, thus adding to the fruitful and much needed dialogue between economics and theology. With contributions by Jason Brennan, Michael J. Broyde, Ginny Seung Choi, Samuel Gregg, Peter Lampe, Manfred Lautenschläger, Frank J. Lechner, Klaus Leisinger, Katrin Gülden Le Maire, Piet Naudé, Paul Oslington, Stephen Pickard, William Schweiker, Virgil Henry Storr, Jürgen von Hagen, Michael Welker, Kaja Wieczorek and John Witte. Contributions by Peter Carnley, Gregor Etzelmüller, Johannes Eurich, Jennifer Herdt, Admiel Kosman, Piet Naudé, Waihan Ng, Friederike Nüssel, Bernd Oberdorfer, Martin Percy, Stephen Pickard, Raja Sakrani, William Schweiker, Philipp Stoellger, Milton Wan, Renee Ip, Michael Welker and John Witte, Jr.