The Economics Of Ethics And The Ethics Of Economics
Values, Markets and the State
, Giuseppe Eusepi
Edited by Geoffrey Brennan, Professor of Economics, Research School of Social Sciences, The Australian National University, Canberra, Professor of Philosophy, University of North Carolina, Chapel Hill, US and Professor of Political Science, Duke University, US and Giuseppe Eusepi, Professor of Public Finance, Sapienza University of Rome, Rome, Italy
|2009 240 pp Hardback 978 1 84844 654 0
Hardback $125.00 on-line price $112.50
‘Do market prices reflect values? What is the relation between social norms and economic incentives? Do economic agents respond to ethical arguments? By probing the boundaries between positive and normative theorizing and by bridging ethics, economics, and political science, this book is able to address a fascinating set of questions. I strongly recommend this book to anyone interested in normative issues in public policy – to academics and practitioners alike.’
– Fabienne Peter, University of Warwick, UK
Contributors: M. Basili, G. Brennan, J.M. Buchanan, R. Eichenberger, G. Eusepi, L.P. Feld, M. Franzini, B.S. Frey, M. Funk, L. Giuriato, S. Gorini, A. Hamlin, P. Jones, H. Kliemt, S. Neckermann
Full table of contents
This book makes a rational and eloquent case for the closer integration of ethics and economics. It expands upon themes concerned with esteem, self-esteem, emotional bonding between agents, expressive concerns, and moral requirements.
Economists have long assumed that ‘value’ and ‘price’ are synonymous and interchangeable. The authors show how disregarding this false assumption and adopting an interdisciplinary approach could improve the economics profession by distinguishing economic values from ethical values. Replete with discussions that will challenge conventional economics, this book offers a corrective argument against the rigid separation of agents’ motivation and the purely normative aspects of economic analysis. The various contributions explore the different dimensions at the frontier between the rational and the moral in political economy, ethics and philosophy.
Containing a variety of cross-border analyses, this innovative book will be a must-read for economists, political scientists and philosophers. It will also be an invaluable resource for students in the fields of economics and philosophy.
Introduction: Ethics vs Economics – In Praise of the ‘Disciplined’ Life?
Geoffrey Brennan and Giuseppe Eusepi
PART I: PATHWAYS THROUGH PRICES AND VALUES
1. Ethics and the Extent of the Market
James M. Buchanan
2. Value and Values, Preferences and Price: An Economic Perspective on Ethical Questions
Geoffrey Brennan and Giuseppe Eusepi
3. An Economist’s Plaidoyer for a Secular Ethics: The Moral Foundation and Social Role of Critical Rationalism
4. Conceptual Confusions, Ethics and Economics
PART II: MONEY AND MEDALS: THE ROLE OF MOTIVATIONS IN COLLECTIVE CHOICES
5. Awards: A View from Economics
Bruno S. Frey and Susanne Neckermann
6. Assessing Collective Decision-making Processes: The Relevance of Motivation
7. Positive Constraints on Normative Political Theory
Geoffrey Brennan and Alan Hamlin
PART III: POLITICAL MARKET PROCESSES AND LIBERAL ETHICS: TAX FAIRNESS VS TAX MORALE
8. The Deregulation of the Political Process: Towards an International Market for Good Politics
Reiner Eichenberger and Michael Funk
9. Do We Really Know Much About Tax Non-compliance?
Lars P. Feld
10. Searching for Fairness in Taxation: Lessons from the Italian School of Public Finance
11. Cooperation, Reciprocity and Self-esteem: A Theoretical Approach
Marcello Basili and Maurizio Franzini