THE MORAL FOUNDATION OF ECONOMIC BEHAVIOR

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The Moral Foundation Of Economic Behavior

Author : David C. Rose
ISBN : 9780199339853
Genre : Philosophy
File Size : 46.61 MB
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This book explains why moral beliefs can and likely do play an important role in the development and operation of market economies. It provides new arguments for why it is important that people genuinely trust others-even those whom they know don't particularly care about them-because in key circumstances institutions are incapable of combating opportunism. It then identifies specific characteristics that moral beliefs must have for the people who possess them to be regarded as trustworthy. When such moral beliefs are held with sufficient conviction by a sufficiently high proportion of the population, a high trust society emerges that supports maximum cooperation and creativity while permitting honest competition at the same time. Such moral beliefs are not tied to any particular religion and have nothing to do with moral earnestness or the set of moral values-what matters is how they affect the way people think about morality. Such moral beliefs are based on abstract ideas that must be learned so they are matters of culture, not genes, and are therefore able to explain differences in economic performance across societies.
Category: Philosophy

Ethics Rationality And Economic Behaviour

Author : Francesco Farina
ISBN : 0198289812
Genre : Business & Economics
File Size : 52.88 MB
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The connection between economics and ethics is as old as economics itself, and central to both disciplines. The essays included in the present volume provide an analysis of the connections between ethics and economics as viewed from several different - oft
Category: Business & Economics

Behavior Therapy

Author : Edward Erwin
ISBN : 0521294398
Genre : Psychology
File Size : 63.9 MB
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Edward Erwin's clear analysis addresses some of the fundamental questions on behavior therapy that remained in 1978, when this book was first published.
Category: Psychology

Economics And The Virtues

Author : Jennifer A. Baker
ISBN : 9780191005091
Genre : Business & Economics
File Size : 66.61 MB
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While ethics has been an integral part of economics since the days of Adam Smith (if not Aristotle), many modern economists dismiss ethical concerns in favor of increasing formal mathematical and computational methods. But recent financial crises in the real world have reignited discussions of the importance of ethics to economics, including growing calls for a new approach to incorporating moral philosophy in economic theory, practice, and policy. Ironically, it is the ethics of virtue advocated by Aristotle and Adam Smith that may lead to the most promising way to developing an economics that emphasizes the virtues, character, and judgment of the agents it models. In Economics and the Virtues, editors Jennifer A. Baker and Mark D. White have brought together fifteen leading scholars in economics and philosophy to offer fresh perspectives on integrating virtue into economics. The first section covers five major thinkers and schools in the virtue tradition, tracing historical connections and suggesting new areas of cooperation. The second section applies the ethics of virtue to modern economic theory, delving into its current practices and methodology to suggest areas for integration with moral philosophy. Finally, the third section addresses specific topics such as markets, profits, and justice in the context of virtue and vice, offering valuable applications of virtue to economics. With insights that are novel as well as rooted in time-tested ethical thought, Economics and the Virtues will be of interest to economists, philosophers, and other scholars in the social sciences and humanities, as well as professionals and policymakers in the fields of economics and finance, and makes an invaluable contribution to the ongoing discussion over the role of ethics in economics.
Category: Business & Economics

Die Gemeinwohl Konomie

Author : Christian Felber
ISBN : 3552061371
Genre : Democracy
File Size : 43.67 MB
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Category: Democracy

Why Culture Matters Most

Author : David C. Rose
ISBN : 9780199330737
Genre : Business & Economics
File Size : 21.36 MB
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The key to achieving mass flourishing is culture - not genes, geography, institutions, or policies. In this thought-provoking book, David C. Rose argues that societal success depends on overcoming the challenge posed by rational self-interest undermining the common good. General prosperity requires large group cooperation, which requires trust, and yet as societies grow larger it becomes more difficult to sustain a high trust society. Culture uniquely addresses this problem by aligning individual interests with the common good, thereby addressing the empathy problem and the greater good rationalization problem. Culturally transmitted moral beliefs can sustain large group trust are akin to commonly owned asset by members of society and like any commons are subject to problems of abuse and neglect. These problems are apparent in all societies, and Rose highlights a dilemma: while human flourishing requires the general prosperity that comes from a free market system and it requires freedom that depends upon democratic institutions, there is a danger of redistributive and regulatory favoritism that undermines trust in the system generally. This can lead to political tribalism that is shown to reduce trust in the democratic system. This tension has implications for social, political, and economic development. Cultural beliefs - specifically moral beliefs - are more important than cultural practices or institutions for building a high trust society because when trust producing moral beliefs are well ensconced, trust producing institutions and practices naturally follow. Culture also matters instrumentally because childhood instruction, a hallmark of culture, helps overcome the irrationality of adult individuals choosing to have moral beliefs that they know will limit their ability to promote their own welfare at the expense of the common good in the future. The analysis has surprising implications for the family, religion, government, and the stability of western free market democracies.
Category: Business & Economics

Economics As A Moral Science

Author : Peter Rona
ISBN : 9783319532912
Genre : Business & Economics
File Size : 43.4 MB
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The book is reclaiming economics as a moral science. It argues that ethics is a relevant and inseparable aspect of all levels of economic activity, from individual and organizational to societal and global. Taking ethical considerations into account is needed in explaining and predicting the behavior of economic agents as well as in evaluating and designing economic policies and mechanisms. The unique feature of the book is that it not only analyzes ethics and economics on an abstract level, but puts behavioral, institutional and systemic issues together for a robust and human view of economic functioning. It sees economic “facts” as interwoven with human intentionality and ethical content, a domain where utility calculations and moral considerations co-determine the behavior of economic agents and the outcomes of their activities. The book employs the personalist approach that sees human persons – endowed with free will and conscience – as the basic agents of economic life and defines human flourishing as the final end of economic activities. The book demonstrates that economics can gain a lot in meaning and also in analytical power by reuniting itself with ethics.
Category: Business & Economics

Ethics In Economics

Author : Jonathan B. Wight
ISBN : 9780804794565
Genre : Business & Economics
File Size : 25.21 MB
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In Ethics in Economics , Jonathan B. Wight provides an overview of the role that ethical considerations play in economic debates. Whereas much of the field tends to focus on welfare outcomes, Wight calls for a deeper examination of the origin and evolution of our moral norms. He argues that economic life relies on three interrelated ethical systems: outcome-based, duty- and rule-based, and virtue-based. Integrating contemporary theoretical and applied research on ethics within a historical framework, Wight provides a thorough and accessible outline of all three schools, explaining how they fit or contrast with the economic welfare model. The book then uses these conceptual underpinnings to examine a range of contemporary topics, such as the 2008 financial crisis, the moral limits to markets, the findings of experimental economics, and the nature of economic justice. Wight's analysis is guided by the innovative concept of ethical pluralism—the recognition that each system has appropriate applications, and that no one prevails. He makes the case that considering a wider moral framework, rather than concentrating on utility maximization, can lead to a richer understanding of human behavior and better policy decisions. An incisive overview in a blossoming area of interest within Economics, this book is ideal for undergraduates or uninitiated readers who seek an introduction to this topic.
Category: Business & Economics

Ethics And Organizational Practice

Author : Sara Louise Muhr
ISBN : 9781849805414
Genre : Business & Economics
File Size : 85.34 MB
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Morality and ethics are at the heart of business practice, but the concepts themselves are usually assumed, rather than investigated. The chapters in this book refuse such easy answers, and force the reader to confront their own assumptions about ethics, provoking conclusions that are both disturbing and exciting. Martin Parker, University of Leicester, UK This timely book provides a collection of critical explorations and discussions of managerial ethics and their moral foundations. It is concerned with theoretical, conceptual and practical matters, and thus provides an open and broad approach to a very dense field of enquiry. Ethics and Organizational Practice challenges established theory in management studies and, in particular, provides a post-foundational argument to conventional business ethics. The contributors cover topics from corporate social responsibility and individual morality to primatology, psychopathology and corruption. They provide a multi-disciplinary and multi-dimensional exploration of managerial ethics and its moral foundation, presenting a critical understanding of the conditions of ethics in modern organizations. The book presents a philosophically informed critique of simplified notions of managerial and organizational ethics, making it an excellent resource for postgraduate students and scholars of business ethics, critical management, corporate social responsibility, international business and organizational psychology.
Category: Business & Economics