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Ethics And Economic Theory

Author

Listed:
  • Kurt W. Rothschild

Abstract

This distinguished book provides a critical assessment of the relationship between economic theory, scientific objectivity and ethics. The main purpose of economic science is to analyse and ‘explain’ the economic process but not necessarily to pass judgement as to whether this process is ‘good’ or ‘bad’. However, in practice it is very difficult for the economist to study the ‘laws’ of economics without ever touching ethical questions. It is shown that economic theories – despite avowals of scientific objectivity – contain implicitly or explicitly many aspects which have ethical implications. Making extensive use of real-life examples and offering a new perspective on the ethical dimensions of economic analysis, this book will prove essential reading for economists and philosophers alike.

Suggested Citation

  • Kurt W. Rothschild, 1993. "Ethics And Economic Theory," Books, Edward Elgar Publishing, number 379.
    • Handle: RePEc:elg:eebook:379
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    File URL: http://www.e-elgar.com/shop/isbn/9781852786755
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    Citations

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    Cited by:

    1. repec:clr:wugarc:y:1994:v:20i:2p:231 is not listed on IDEAS
    2. Rosa Adamo & Domenica Federico & Antonella Notte, 2023. "Equity Mutual Funds in Healthcare Sector: A Comparison of Performance and Risk Through an Age-Cohort Analysis," American Journal of Economics and Business Administration, Science Publications, vol. 14(1), pages 44-54, January.
    3. Rainer Bartel, 1994. "Egoismus, Altruismus und Effizienzgestaltung im öffentlichen Bereich: Argumente und lmplikationen," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 20(2), pages 231-246.
    4. Davide Barrera & Brent Simpson, 2012. "Much Ado About Deception," Sociological Methods & Research, , vol. 41(3), pages 383-413, August.
    5. Edmond Malinvaud, 2001. "On methodology in macroeconomics-with application to the demand for unskilled labour," Economics working papers 2001-13, Department of Economics, Johannes Kepler University Linz, Austria.
    6. James E. Alvey, 2011. "A Short History of Ethics and Economics," Books, Edward Elgar Publishing, number 12674.
    7. Sabau, Gabriela L., 2010. "Know, live and let live: Towards a redefinition of the knowledge-based economy -- sustainable development nexus," Ecological Economics, Elsevier, vol. 69(6), pages 1193-1201, April.
    8. Richard Ray & John Hornibrook & Martin Skitmore & Anna Zarkada-Fraser, 1999. "Ethics in tendering: a survey of Australian opinion and practice," Construction Management and Economics, Taylor & Francis Journals, vol. 17(2), pages 139-153.
    9. Peter A. Riach & Judith Rich, 2004. "Deceptive Field Experiments of Discrimination: Are they Ethical?," Kyklos, Wiley Blackwell, vol. 57(3), pages 457-470, August.
    10. Roth, Timothy P., 1997. "Competence-difficulty gaps, ethics and the new social welfare theory," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 26(5), pages 533-552.
    11. Bara, Zoltán, 1998. "A tisztességes elosztás mikroökonómiai elmélete [The microeconomic theory of fair distribution]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 558-575.
    12. Irmi Seidl & Clement A Tisdell & Steve Harrison, 2002. "Environmental Regulation of Land Use and Public Compensation: Principles, and Swiss and Australian Examples," Environment and Planning C, , vol. 20(5), pages 699-716, October.

    More about this item

    Keywords

    Economics and Finance;

    JEL classification:

    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian

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