Overview

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.

Full Product Details

Author:   Geoffrey Brennan ,  Giuseppe Eusepi
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
ISBN:  

9781848446540

ISBN 10:   1848446543
Pages:   240
Publication Date:   27 November 2009
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
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Table of Contents

Contents: 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 Stefano Gorini 4. Conceptual Confusions, Ethics and Economics Hartmut Kliemt 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 Philip Jones 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 Luisa Giuriato 11. Cooperation, Reciprocity and Self-esteem: A Theoretical Approach Marcello Basili and Maurizio Franzini Index

Reviews

'Economics and ethics are succumbing to the pull of disciplinary specialisation at their own peril. This volume represents a necessary and most welcome reminder of some ways in which the two are intertwined. How do economic preferences relate to ethical values? What are the motivational underpinnings on which we should base a theory of choice? What explains compliance with rules, and with tax legislation in particular? Any economist or political philosopher interested in these questions must read this book.'

'Economics and ethics are succumbing to the pull of disciplinary specialisation at their own peril. This volume represents a necessary and most welcome reminder of some ways in which the two are intertwined. How do economic preferences relate to ethical values? What are the motivational underpinnings on which we should base a theory of choice? What explains compliance with rules, and with tax legislation in particular? Any economist or political philosopher interested in these questions must read this book.' -- Peter Dietsch, Universite de Montreal, Canada '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

'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

Author Information

Edited by the late Geoffrey Brennan, formerly 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 the late Giuseppe Eusepi, formerly Professor of Public Finance, Department of Law and Economics of Productive Activities, Sapienza University of Rome, Italy

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