Economics and Ethics
This book provides an introduction to the relationship between economics and ethics, explaining why ethics enters economics, how ethics affects individual economic behavior and the interactions of individuals, and how ethics is important in evaluating the performance of economies and of economic policies.
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This book provides an introduction to the relationship between economics and ethics, explaining why ethics enters economics, how ethics affects individual economic behavior and the interactions of individuals, and how ethics is important in evaluating the performance of economies and of economic policies.
List of Figures and Tables viiiPreface ixPart I Introduction and Background1 Introduction 32 Economics Without Ethics? 173 Approaches to Ethics and Justice 35Part II Ethical Values, Individual Behavior, and Social Interactions4 Individuals, Norms, and Ethical Values 595 Social Interactions and Ethical Values 796 Markets and Ethical Values 95Part III Ethical Issues for Evaluating Economies and Economic Policy Analysis7 The Morality of Markets and Government Intervention 1178 Individual Preferences, Efficiency, and Cost-Benefit Analysis 1419 Production, Income, and Economic Growth 15810 Fairness, Distribution, and Equality 175Part IV Applications and Conclusion11 Ethics and Applied Economics 20512 Conclusion 230Notes 235References 250Index 259
