Rationality in ethics and economics

a sceptical approach
  • 89 Pages
  • 1.61 MB
  • 5203 Downloads
  • English

Shaker , Maastricht
StatementToine van den Hoogen and Eric van de Laar (eds.).
Classifications
LC ClassificationsHB
The Physical Object
Pagination89 p. ;
ID Numbers
Open LibraryOL20831431M
ISBN 109042301414
OCLC/WorldCa51178908

Julian’s book introduces readers to the field in which many of those challenges are now being articulated. Questions of ethics, of the nature of human rationality when faced with economic decision-making, of the verifiability of economic models—these questions and more are all now being asked anew about economic practices and decisions.

The first book ever to integrate business ethics with financial economics, Finance Ethics shows how ethical behavior fits within the rational, profit-maximizing, finance paradigm. Dobson argues that even in economic terms the finance paradigm has a serious flaw: it views the firm and financial markets in general as contractual nexuses yet it fails to supply any adequate.

Elizabeth Anderson offers a new theory of value and rationality that rejects cost–benefit analysis in our social lives and in our ethical theories. This account of the plurality of values thus offers a new approach, beyond welfare economics and traditional theories of justice, for assessing the ethical limitations of the by: This book carefully dissects the claims of nudge theory and other forms of paternalism based on behavioral economics.

The authors reveal how paternalist normative standards are unjustified and why paternalist policymaking is unlikely to produce desirable results, arguing instead for a more inclusive theory of rationality in economic policymaking.5/5(1).

This book, the outcome of a joint meeting of philosophers and economists, has three main themes: the validity of utilitarianism much used by economists, the notion of fairness and equity, and the coherence of the rationality postulate of economics.

This book, the outcome of a joint meeting of philosophers and economists, has three main themes: the validity of utilitarianism much used by economists, the notion of fairness and equity, and the coherence of the rationality postulate of economics.

Details Rationality in ethics and economics EPUB

The book does not reach any final conclusions, but it greatly illuminates the exact areas of Format: Hardcover. Economics and Ethics. An occasional examination of economic theory, practice, and policy, informed by philosophical ethics (and a dash of whimsy).

About this blog. Subscribe to this blog. Rationality Novem The ethical dimensions of the financial crisis and rationality – by Ricardo Crespo and Irene van Staveren.

This article examines the relationship between economic rationality and the possibility of a moral science of business ethics. The purpose of this inquiry is to consider whether a universal and non-controversial moral science of business ethics can be defined satisfactorily, and linked to economic rationality of managers and other stakeholders of firms operating Rationality in ethics and economics book market economies.

Review of Rationality in Economics. [REVIEW] Don Ross - - Economics and Philosophy 25 (3) Philosophy of Economics in Philosophy of Social Science. Rationality in Epistemology.

Review of the Book Modeling Bounded Rationality, A. Get this from a library. Ethics, rationality, and economic behaviour.

[Francesco Farina; Frank Hahn; Stefano Vannucci;] -- The connection between economics and ethics is as old as economics itself, and central to both disciplines.

It is an issue that has recently attracted much interest from economists and philosophers. The dominant hypothesis in mainstream economics is the assumption of prefect rationality. However, there are two dilemmas: Whenever this assumption was used empirical evidence turned out to be against it.

Secondly, this assumption is far from reality, for example, because individuals usually do not possess all relevant information. The word logos was used in Greek philosophy to refer to rationality.

Logos was adopted by the Romans as ratio, which became rationality in English. Rationality, like ethics, is considered a uniquely human characteristic, a characteristic that distinguishes humans from other life-forms. The intention of this book is to serve as a compendium which contributes to a better understanding of major ethical terminology and basic ethical systems orientated towards business ethics.

This book is divided into two parts/5(28). Here he discusses how intention engages rationality, why we should want to be rational, why he doesn't think ethics is a branch of psychology, why economics needs ethics, equality, fairness as the good of equality, what is to be measured regarding the wellbeing of people, why climate change is very very harmful, how we should value policies inn regard to the threat, how to.

The Book “On Ethics and Economics” is an edited version of the Royer Lecture Series given by Dr.

Description Rationality in ethics and economics EPUB

Amartya Sen at the University of California, Berkeley in the year The basic idea that has been put forth in this book is that the distancing of ethics from economics has impoverished the contemporary economic theory to a great extent. The connection between economics and ethics is as old as economics itself, and central to both disciplines.

It is an issue that has recently attracted much interest from economists and philosophers. The connection is, in part, a result of the desire of economists to make policy prescriptions, which clearly require some normative criteria. More deeply, much economic. Get this from a library.

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Finance ethics: the rationality of virtue. [John Dobson] -- The first book ever to integrate business ethics with financial economics, Finance Ethics shows how ethical behavior fits within the rational, profit-maximizing finance paradigm.

Dobson argues that. In this elegant critique, Amartya Sen argues that welfare economics can be enriched by paying more explicit attention fo ethics, and that modern ethical studies can also benefit from a closer contact with economics.

Predicitive and descriptive economics can be helped by making room for welfare-economic considerations in the explanation of behaviour. 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 by: In academic economics, rationality is usually used with the narrow definition described here.

But that doesn’t stop economists (and everyone else) from also using the words rational and irrational more loosely—often as stand-ins for good and bad. Saying something is rational can make it sound good, even if technically, that’s not what the.

Economics and Rationality Brendan Larvor reviews The State We’re In by Will Hutton and explains why consumers aren’t crazy after all.

Will Hutton’s The State We’re In offers a many-layered argument. At one level, it is an essay on the recent political and economic history of Britain. It is also a call for a certain sort of political. This chapter discusses the relation between virtues and economic contexts and explores potential approaches to this subject matter by virtue ethics and economics.

Referring to Aristotle’s philosophy, the crucial role of rationality for linking virtue ethics and economic theory is demonstrated. Against this backdrop, the chapter critically discusses conceptions of economic. Outlines of economics. This book covers the following topics: The Nature and Scope of Economics, The Characteristics of the Present Economic System, The Evolution of Economic Society, The Evolution of Economic Society, The Economic Development of the United States, Elementary Concepts, Monopoly, Business Organization and International Trade.

Elizabeth Anderson offers a new theory of value and rationality that rejects cost-benefit analysis in our social lives and in our ethical theories. This account of the plurality of values thus offers a new approach, beyond welfare economics and traditional theories of justice, for assessing the ethical limitations of the market/5.

This article examines the relationship between economic rationality and the possibility of a moral science of business ethics. The purpose of this inquiry is to consider whether a universal and non-controversial moral science of business ethics can be defined satisfactorily, and linked to economic rationality of managers and other stakeholders of firms operating in Cited by: 2.

The connection between economics and ethics is as old as economics itself, and central to both disciplines. It is an issue that has recently attracted much interest from economists and philosophers.

The connection is, in part, a result of the desire of economists to make policy prescriptions, which clearly require some normative criteria. This book is about non-formal reason, a conception of rationality that subsumes formal reason, both logic -- deducing what ought to be done from moral principles -- and calculating optimal net benefits among options, but it is a more expansive, more creative conception of rationality.

Re-reasoning ethics is about designing rational processes of Author: Barry Hoffmaster. Game Theory, Experience, Rationality: Foundations of Social Sciences, Economics and Ethics in honor of John C.

Harsanyi / Edition 1 available in Hardcover, Paperback Add to Wishlist ISBNBrand: W. Leinfellner. Efficiency is the main, if not sole, standard used to evaluate the outcomes that result from the choices and interactions of individuals.

This chapter aims at providing nonspecialists with background on the way in which the concepts of rationality and efficiency are commonly defined and deployed in contemporary economics and by: 3. Find many great new & used options and get the best deals for Vienna Circle Institute Yearbook: Game Theory, Experience, Rationality: Foundations of Social Sciences, Economics and Ethics in Honor of John C.

Harsanyi 5 (, Hardcover) at the best online prices at eBay. Free shipping for many products!. Game Theory, Experience, Rationality Economics and Ethics in honor of John C.

Harsanyi. Editors: Leinfellner, W., Köhler, Eckehart (Eds.) This book leaves no doubt that the game-theoretical models are on the right track to becoming a respectable new theory, just like the great theories of the twentieth century originated from formerly.Christoph Luetge, in International Encyclopedia of the Social & Behavioral Sciences (Second Edition), Business Ethics and Economic Ethics.

In some parts of the non-English speaking world (e.g., Germany), business ethics is distinguished from economic ethics, in the same way that the discipline of economics is distinguished from business administration and .Rational choice theory is an economic principle that states that individuals always make prudent and logical decisions.

These decisions provide people with the greatest benefit or satisfaction.