Overview

This book introduces the moral philosophy of Immanuel Kant-in particular, the concepts of autonomy, dignity, and character-to economic theory, explaining the importance of integrating these two streams of intellectual thought. Mainstream economics is rooted in classical utilitarianism, recommending that decision makers choose the options that are expected to generate the largest net benefits. For individuals, the standard economic model fails to incorporate the role of principles in decision-making, and also denies the possibility of true choice, which can be independent of preferences and principles altogether. For policymakers, standard decision-making frameworks recommend tradeoffs that are beneficial in terms of material goods or wealth, but may be morally questionable from a more person-centered perspective. Integrating Kantian ethics affects economics in three important ways. This integration allows for a more complete understanding of human choice, incorporating not just preferences and constraints, but also principles and strength of will or character. It demonstrates the broader impact of welfare economics, which generates policies that affect not only persons' well-being, but also their dignity and autonomy. Finally, it reconciles the traditional, individualist stance in economic models of choice with the social responsibility emphasized by many systems of philosophical ethics and heterodox schools of economics.

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9780804768948

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Reviews

Relentlessly utilitarian and procedurally-detached, economic man takes no account of the duty to treat morally equivalent persons impartially. In contrast, the decision environment contemplated by Professor White's Kantian agent is congenial to the cultivation of respect for the moral law. The implications for social interaction and for public policy are profound. A must read! --Timothy Roth, Department of Economics & Finance, The University of Texas at El Paso

This interesting book presents itself as an introduction to economists of the moral philosophy of Immanuel Kant . . . [T]he reference point from which the author develops his critique of the ethical foundations of mainstream economics is quite a sophisticated . . . view of Kant's conception of morality. --Nicolas Gravel, Erasmus Journal for Philosophy and Economics

Author Information

Mark D. White is Professor in the Department of Political Science, Economics, and Philosophy at the College of Staten Island and The Graduate Center, CUNY. He has edited several books, the most recent of which are Accepting the Invisible Hand and The Thief of Time.

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