Bibliograph

Economic analysis, moral philosophy, and public policy, Daniel M. Hausman, Michael S. McPherson

Type

Label

Economic analysis, moral philosophy, and public policy, Daniel M. Hausman, Michael S. McPherson

Language

eng

Index

index present

Literary Form

non fiction

Main title

Economic analysis, moral philosophy, and public policy

Medium

electronic resource

Nature of contents

dictionaries

Oclc number

71280294

Responsibility statement

Daniel M. Hausman, Michael S. McPherson

Series statement

Cambridge Social Sciences eBooks

Summary

This 2006 book shows through accessible argument and numerous examples how understanding moral philosophy can improve economic analysis, how moral philosophy can benefit from economists' analytical tools, and how economic analysis and moral philosophy together can inform public policy. Part I explores rationality and its connections to morality. It argues that in defending their model of rationality, mainstream economists implicitly espouse contestable moral principles. Part II concerns welfare, utilitarianism and standard welfare economics, while Part III considers important moral notions that are left out of standard welfare economics, such as freedom, rights, equality, and justice. Part III also emphasizes the variety of moral considerations that are relevant to evaluating policies. Part IV then introduces technical work in social choice theory and game theory that is guided by ethical concepts and relevant to moral theorizing. Chapters include recommended readings and the book includes a glossary of relevant terms.--, Provided by publisher

Table Of Contents

Ethics and economics? -- Ethics in welfare economics: two examples -- Ethics in positive economics: two examples -- Rationality and morality -- Rationality -- Rationality in positive and normative economics -- Rationality, norms, and morality -- Welfare and consequences -- Utilitarianism and consequentialism -- Welfare -- Efficiency -- Liberty, rights, equality, and justice -- Liberty, rights, and libertarianism -- Equality and egalitarianism -- Justice and contractualism -- Moral mathematics -- Social choice theory -- Game theory -- Conclusions -- Pollution transfers and school vouchers: normative economics reconsidered -- Economics and ethics, hand in hand -- Appendix: How could ethics matter to economics?

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Economic Analysis, Moral Philosophy & Public Policy

Contributor