Bibliographic record and links to related information available from the Library of Congress catalog.
Note: Contents data are machine generated based on pre-publication provided by the publisher. Contents may have variations from the printed book or be incomplete or contain other coding.
Table of Contents Preface INTRODUCTION Chapter 1: Ethics and Economics? 1.1 What Are Moral Questions and How Can They Be Answered? 1.2 How Is Moral Philosophy Relevant to Economics? 1.3 Organization Chapter 2: Normative Economics: Two Examples 2.1 A Shocking Memorandum 2.2 Eight Distinctive Features of Welfare Economics 2.3 The Economic Benefits of Exporting Pollution to LDCs 2.4 Summers' Argument and a Further Feature of Welfare Economics 2.5 Is Summers Right? Should the World Bank Encourage Migration of Dirty Industries to LDCs? 2.6 School Vouchers 2.7 Conclusions Chapter 3: How Ethics Matters to Positive Economics: Two Examples 3.1 Is Unemployment Involuntary? 3.2 Overlapping Generations 3.3 Conclusions PART I: RATIONALITY AND MORALITY Chapter 4: Rationality 4.1 Certainty and Ordinal Utility Theory 4.2 Expected Utility Theory 4.3 Questions about Utility Theory Chapter 5: Rationality in Positive and Normative Economics 5.1 Rationality and Positive Economics 5.2 Self-interest, Preference Satisfaction, and Welfare Economics 5.3 Rationality and Ethics in Positive Economics 5.4 Self-interest and Moral Motivation 5.5 Conclusions Chapter 6: Rationality, Norms, and Morality 6.1 Rationality and Self-interest 6.2 The Influence of Moral Norms on Economic Behavior 6.3 How Do Norms Motivate and What Sustains Them? 6.4 Philosophical Implications 6.5 Morality and Utility Theory 6.6 Conclusion: On the Rationality of Morality PART II: WELFARE AND CONSEQUENCES Chapter 7: Utilitarianism and Consequentialism 7.1 Clarifying Utilitarianism 7.2 Interpersonal Comparisons of Well-being 7.3 Justifying Utilitarianism 7.4 Contemporary Consequentialism 7.5 Is Utilitarianism Plausible? 7.6 Consequentialism and Deontology 7.7 Conclusion: Should Economists Embrace Utilitarianism? Chapter 8: Welfare 8.1 Theories of Well-being 8.2 Is the Standard View of Welfare Plausible? 8.3 Implications of Taking Well-being to be the Satisfaction of Preferences 8.4 Modifying the Preference--Satisfaction View 8.5 Alternative Theories of Welfare 8.6 Conclusions Chapter 9: Efficiency 9.1 "Efficiency" as Pareto Optimality 9.2 How Welfare Economics Narrows Normative Questions 9.3 Cost--Benefit Analysis 9.4 Objections to Cost--Benefit Analysis 9.5 Cost--Benefit Analysis as a Social Practice 9.6 Conclusion: Welfare Economics in Limbo PART III: LIBERTY, RIGHTS, EQUALITY, AND JUSTICE Chapter 10: Liberty, rights, and libertarianism 10.1 Freedom 10.2 What Are Rights? 10.3 The Importance of Rights 10.4 The Justification of Rights 10.5 Weighing Rights, Liberties, and Welfare 10.6 Libertarianism Chapter 11: Equality and Egalitarianism 11.1 Why Equalize? 11.2 Equality of What? 11.3 Complex Equality and Equality of Moral Status 11.4 The Measurement and Importance of Inequality Chapter 12: Justice and Contractualism 12.1 The Social Contract Idea 12.2 Justice as Reciprocity: Rawls' Theory of Justice 12.3 Justice as Mutual Advantage: David Gauthier 12.4 Conclusion: Social Contract Reasoning and Economics PART IV: MORAL MATHEMATICS Chapter 13: Social Choice Theory 13.1 The Social Welfare Function and Arrow's Theorem 13.2 The Interpretation of Arrow's Theorem 13.3 Social Choice Theory and Moral Philosophy 13.4 The Paradox of the Paretian Liberal 13.5 The Range of Social Choice Theory 13.6 Conclusions Chapter 14: Game Theory 14.1 What Is a Game? 14.2 Moral Philosophy and Some Simple Games 14.3 Cooperation and Justice 14.4 Paradoxes and Difficulties 14.5 Bargaining Theory and the Social Contract CONCLUSIONS Chapter 15: Pollution Transfers and School Vouchers: Normative Economics Reconsidered 15.1 Do Vouchers and Pollution Transfers Make People Better Off? 15.2 A Utilitarian Perspective on Pollution Transfers 15.3 Other Ways of Evaluating Vouchers and Pollution Transfers 15.4 Conclusions Chapter 16: Economics and Ethics, Hand in Hand 16.1 Involuntary Unemployment and Moral Baselines 16.2 The Overlapping Generations Example 16.3 Pressing Problems 16.4 Conclusions Appendix: How Could Ethics Matter to Economics? A.1 Objection 1: Economics as Engineers A.2 Objection 2: Positive Economics Is Value-free A.3 The Rationality of Normative Inquiry A.4 How Knowing Ethics Contributes to Positive Economics A.5 Conclusions Glossary References Index
Library of Congress Subject Headings for this publication:
Economics -- Moral and ethical aspects.