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Economic Analysis, Moral Philosophy, and Public Policy de Daniel Hausman

Economic Analysis, Moral Philosophy, and Public Policy

Autor Daniel Hausman, Michael McPherson, Debra Satz
en Limba Engleză Paperback – 14 dec 2016
This book shows through argument and numerous policy-related 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 the idea of rationality and its connections to ethics, arguing that when they defend their formal model of rationality, most economists implicitly espouse contestable moral principles. Part II addresses the nature and measurement of welfare, utilitarianism and cost-benefit analysis. Part III discusses freedom, rights, equality, and justice - moral notions that are relevant to evaluating policies, but which have played little if any role in conventional welfare economics. Finally, Part IV explores work in social choice theory and game theory that is relevant to moral decision making. Each chapter includes recommended reading and discussion questions.
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Specificații

ISBN-13: 9781316610886
ISBN-10: 1316610888
Pagini: 414
Ilustrații: 10 b/w illus.
Dimensiuni: 152 x 228 x 22 mm
Greutate: 0.61 kg
Ediția:3Nouă
Editura: Cambridge University Press
Colecția Cambridge University Press
Locul publicării:New York, United States

Cuprins

1. Ethics and economics?; 2. Ethics in welfare economics; 3. Ethics in positive economics: two examples; Part I. Rationality, Morality, and Markets: 4. Rationality and utility theory; 5. Rationality and morality in positive economics; 6. The ethical limits to markets; Part II. Welfare and Consequences: 7. Utilitarianism, consequentialism, and justice; 8. Welfare; 9. Welfare economics; Part III. Liberty, Rights, Equality and Justice: 10. Liberty, rights and libertarianism; 11. Equality and egalitarianism; 12. Justice and contractualism; Part IV. Moral Mathematics: 13. Social choice theory; 14. Game theory; Conclusions: 15. Putting economics and ethics to work; 16. Economics and ethics, hand in hand; Appendix.

Recenzii

'The new edition of the book by Hausman, McPherson, and Satz is a rich and needed reading of economic analysis from the viewpoint of moral philosophy. Economists, if they reflect on these issues at all, think of their work as akin to physics; we find the pre-existing laws which govern the economic world. They can be considered simply as factual relations interesting in their own right; they can be used, as electricity, to serve human ends. What the authors demonstrate by detailed examination is that the analysis itself is shot through with normative and philosophical considerations. Any thoughtful reader will find his or her presuppositions challenged.' Kenneth J. Arrow, Stanford University, California, and Winner of the 1972 Nobel Prize in Economic Sciences
'It is a tragedy that mainstream economists have mostly lost touch with philosophy, and with the ethical basis for what they do. This book is the perfect way to make repairs and to catch up. It should be read by all economists, and required reading for those who make policy recommendations.' Sir Angus Deaton, FBA, Princeton University, Fellow of the Royal Society of Edinburgh, and Winner of the 2015 Nobel Prize in Economic Sciences
This is an indispensable guide to the intersection of economics and philosophy: clear, rigorous and myth-busting. But it is much more than a guide. For it not only analyses the relevant debates but develops their arguments. It is a work of scholarship: a major contribution to both disciplines.' Sir Julian Le Grand, London School of Economics
'Economic Analysis, Moral Philosophy, and Public Policy offers a comprehensive review of the intersections of moral philosophy with economics. The authors expertly combine accessibility with sophistication in analyzing topics ranging from foundational issues of welfare economics, rationality, game theory, and distributive justice to public policy problems such as pollution, school vouchers, health care, and unemployment. This is a superb book.' Elizabeth Anderson, University of Michigan, Ann Arbor

Notă biografică

Descriere

This book shows how careful attention to moral reasoning can enrich economic understanding and clarify the importance and the limits of an economic analysis of policy problems.