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The Politics and Ethics of the Just Price

The Politics and Ethics of the Just Price PDF Author: Peter Luetchford
Publisher: Emerald Group Publishing
ISBN: 1787439593
Category : Social Science
Languages : en
Pages : 298

Book Description
Comprising eight case studies from around the world, this volume investigates the social, political and ethical implications of markets through the specific lens of prices. Drawing on the most recent scholarship in economic anthropology, it represents the first systematic attempt to address ethnographically the ancient debate on the "just price"

The Politics and Ethics of the Just Price

The Politics and Ethics of the Just Price PDF Author: Peter Luetchford
Publisher: Emerald Group Publishing
ISBN: 1787439593
Category : Social Science
Languages : en
Pages : 298

Book Description
Comprising eight case studies from around the world, this volume investigates the social, political and ethical implications of markets through the specific lens of prices. Drawing on the most recent scholarship in economic anthropology, it represents the first systematic attempt to address ethnographically the ancient debate on the "just price"

A Short History of Ethics and Economics

A Short History of Ethics and Economics PDF Author: J. E. Alvey
Publisher: Edward Elgar Publishing
ISBN: 0857938126
Category : Business & Economics
Languages : en
Pages : 195

Book Description
'This is an important and timely work that addresses the moral crisis of contemporary economics. Alvey not only provides an excellent narrative of classical Greek economics, but his arguments are aimed at restoring the central role that ethics played in the long tradition of economic thought. This is an invaluable scholarly resource for academics and students of political economy as well as the history of political thought.' Benjamin Wong, Nanyang Technological University, Singapore Arising from a disenchantment with mainstream economics a dissatisfaction that is widespread today A Short History of Economics and Ethics sketches the emergence and decline of the ethical tradition of economics and the crisis of modern economics. In doing so, James Alvey focuses on four of the leading ancient Greek thinkers: Socrates, Xenophon, Plato and Aristotle. The author uses insights from Amartya Sen's Capabilities approach as well as other sources to retrieve the ethical tradition of economics. Five aspects of this tradition which seem to lie outside of mainstream economics are identified: an ethical methodology; some notion of a just price; an understanding that ethical motivations are relevant to human action; a rich understanding of human well-being; and some notion of distributive justice related to human well-being. Creating a forum for further debate and research opportunity, this book will appeal to students, scholars and historians of economic thought, as well as to all those interested in the intersection of ethics with economics.

Fairness

Fairness PDF Author: Nicholas Rescher
Publisher: Transaction Publishers
ISBN: 9781412823296
Category : Philosophy
Languages : en
Pages : 156

Book Description
In theory and practice, the notion of fairness is far from simple. The principle is often elusive and subject to confusion, even in institutions of law, usage, and custom. In Fairness, Nicholas Rescher aims to liberate this concept from misunderstandings by showing how its definitive characteristics prevent it from being absorbed by such related conceptions as paternalistic benevolence, radical egalitarianism, and social harmonization. Rescher demonstrates that equality before the state is an instrument of justice, not of social utility or public welfare, and argues that the notion of fairness stops well short of a literal egalitarianism. Rescher disposes of the confusions arising from economists' penchant to focus on individual preferences, from decision theorists' concern for averting envy, and from political theorists' sympathy for egalitarianism. In their place he shows how the idea of distributive equity forms the core of the concept of fairness in matters of distributive justice. The coordination of shares with valid claims is the crux of the concept of fairness. In Rescher's view, this means that the pursuit of fairness requires objective rather than subjective evaluation of the goods being shared. This is something quite different from subjective equity based on the personal evaluation of goods by those laying claim to them. Insofar as subjective equity is a concern, the appropriate procedure for its realization is a process of maximum value distribution. Further, Rescher demonstrates that in matters of distributive justice, the distinction between new ownership and preexisting ownership is pivotal and calls for proceeding on very different principles depending on the case. How one should proceed depends on context, and what is adjudged fair is pragmatic, in that there are different requirements for effectiveness in achieving the aims and purposes of the sort of distribution that is intended. Rescher concludes that fairness is a fundamentally ethical concept. Its distinctive modus operandi contrasts sharply with the aims of paternalism, preference-maximizing, or economic advantage. Fairness will be of interest to philosophers, economists, and political scientists. "[Fairness is] one of the most forceful conceptual analysis of fairness yet produced." -Ludwig Beckman, The Review of Metaphysics Nicholas Rescher is University Professor of Philosophy and vice chairman of the Center for Philosophy of Science at the University of Pittsburgh. He has written more than seventy books in various areas of philosophy, including Complexity: A Philosophical Overview and Inquiry Dynamics, both published by Transaction.

Principles of Ethical Economy

Principles of Ethical Economy PDF Author: P. Koslowski
Publisher: Springer Science & Business Media
ISBN: 9780792367130
Category : Business & Economics
Languages : en
Pages : 298

Book Description
The theory of ethical economy analyses the ethical presuppositions of the market economy. It demonstrates that ethics is the pre-coordination in the motives of the economic agents anteceding the coordination of the price system in the market process. Ethical economy develops a positive theory of economic, ethical, and religious coordination of self-interested action described as a super-assurance game of prisoners' dilemma situations. It conceptualises ethics as the corrective of market failure and religion as the corrective of ethics failure. The formal ethics of coordination is then complemented by a theory of the material-substantive ethics of value qualities. One principle of ethical economy is the classical principle of double effect that is used for a theory of managerial and general decision-making. Unintended side-effects (externalities) are a central problem of decisions of large impact. Management decision making must exploit the potential for positive side-effects and control the negative side-effects of managerial decisions. The theory of ethical economy analyses the principles of just price and fair pricing and the relevance of the theory of just price for the pricing behaviour of the modern firm. Principles of Ethical Economy forms a theoretical synthesis of the market theory of modern economics and of the natural right tradition of ethics. It creates new insights into the ethics of the market as well as in the economics presuppositions and consequences of ethical duties, virtues, and goods.

Just Price Theory

Just Price Theory PDF Author: JoaquĆ­n Reyes
Publisher: Bloomsbury Publishing
ISBN: 1509963529
Category : Philosophy
Languages : en
Pages : 207

Book Description
This book presents an original theory of the just price, and it is a welcome addition to scholarship on a radically underdeveloped field. This work reassesses the age-old idea that there is a just price of things, one that goes beyond the Scholastic tradition of the just price and its exclusive concern with commutative justice. There is more to just price theory than the concern for keeping equality of value between goods exchanged. Modern concerns over efficiency, autonomy, and distributive justice, can also find a place within a theory of the just price. The book: - Presents a new approach to just price theory through a broad analysis of different values and the incorporation of those conceptions into a wider normative framework - Argues that these different values ground varied conceptions of the just price, and - Promotes a virtue-based approach to price justification as an adequate framework for meeting the challenges that stem from each conception Perfect for scholars and students in the fields of jurisprudence, philosophy of private law, contract law, and political theory, this book makes a significant contribution to legal theory and the emerging field of the philosophy of economics.

Just Results

Just Results PDF Author: Ralph D. Ellis
Publisher: Georgetown University Press
ISBN: 9780878406678
Category : Philosophy
Languages : en
Pages : 230

Book Description
In Just Results, Ralph E. Ellis provides an authoritative solution to one of the major problems in the field of public policy. Until now, analysts and planners have had no practical or accurate means of incorporating qualitative social concerns into the traditional quantitative formulas used in policymaking. By introducing a justice factor--a quantitative measure for social values--Ellis opens the door for more balanced policy decisions. Using concrete, real-world examples, Ellis shows how policy analysts can better account for the use value--or practical measurable utility--of universally agreed-upon social benefits such as life, health, safety, and environmental preservation when making cost-benefit analyses. In this way, policymakers, and by extension, society as a whole, can avoid making unjust tradeoffs between important social values and comparatively frivolous economic benefits. Drawing on philosophical works on justice from Kant through John Rawls, this book is informed by a theoretical defense of distributive justice that emphasizes diminishing marginal utility, thus favoring the poor. Just Results is a stimulating and highly applicable book that will be of great interest to philosophers, political scientists, policy analysts and planners.

Ethics, Economics, and Politics

Ethics, Economics, and Politics PDF Author: I. M. D. Little
Publisher: Oxford University Press on Demand
ISBN: 0199257043
Category : Business & Economics
Languages : en
Pages : 178

Book Description
This book studies the interfaces of ethics, economics, and politics. Public policy issues involve all three of these subjects. Although it may be seen as suggesting the nucleus of a joint university course, the book is accessible to and should interest all those concerned with political decisions. Any such decision needs a criterion for judging whether one action or outcome is better than another. Even a dictator must to some extent be concerned about the economic elfare of thecitizens; and a democratic government more so. But how is a person's economic welfare to be judged? Furthermore, any political decision affects the economic welfare of different people differently. How then is the welfare of a community to be judged? This is an ethical question. Underlying any coherentpublic policy there must be a relevant moral code.

The Politics of Moral Capital

The Politics of Moral Capital PDF Author: John Kane
Publisher: Cambridge University Press
ISBN: 9780521663571
Category : Philosophy
Languages : en
Pages : 292

Book Description
It is often said that politics is an amoral realm of power and interest in which moral judgment is irrelevant. In this book, by contrast, John Kane argues that people's positive moral judgments of political actors and institutions provide leaders with an important resource, which he christens 'moral capital'. Negative judgements cause a loss of moral capital which jeopardizes legitimacy and political survival. Studies of several historical and contemporary leaders - Lincoln, de Gaulle, Mandela, Aung San Suu Kyi - illustrate the significance of moral capital for political legitimation, mobilizing support, and the creation of strategic opportunities. In the book's final section, Kane applies his arguments to the American presidency from Kennedy to Clinton. He argues that a moral crisis has afflicted the nation at its mythical heart and has been refracted through and enacted within its central institutions, eroding the moral capital of government and people and undermining the nation's morale.

The Market

The Market PDF Author: John O'Neill
Publisher: Routledge
ISBN: 1134735049
Category : Business & Economics
Languages : en
Pages : 234

Book Description
Following the failure of 'really existing socialism' in Eastern Europe and Asia, the market is now generally perceived, by Left and Right, to be supreme in any rational economic system. The current debate now focuses on the proper boundaries of markets rather than the system itself. This book examines the problems of defining these boundaries for the recent defences of the market, and shows that they highlight major weaknesses in the cases made by its proponents. The author draws on considerable research in this area to provide an overdue critical evaluation of the limits of the market, and future prospects for non-market socialism. The issues discussed cross a number of academic boundaries including economics, philosophy and politics.

The Scope and Method of Political Economy

The Scope and Method of Political Economy PDF Author: John Neville Keynes
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 390

Book Description