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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 ...

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 theory is founded on the assumption of utility maximization, thereby creating an immediate connection between the foundations of economics and the philosophical literature on utilitarianism and reasons for action. In fact, some influential contemporary approaches to ethics advocate decision-theoretic or game-theoretic foundations of some sort for moral principles, while several economic theorists are now prepared to take into account the ethical dimensions of rational decisions. As a result, it appears that economics and ethics are somehow inextricably linked through theories of rational decision-making. Most of us would probably find it disturbing to concede that there are contradictions between the prescriptions of rationality and the requirements of moral "rightness". The essays included in the present volume provide a detailed analysis of the connections between ethics and economics as viewed from several different--sometimes conflicting-- perspectives. 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. The book does not reach any final conclusions, but it greatly illuminates the exact areas of possible disagreement and indeed the open-ended nature of ethical reasoning. There is much that eoncomists, and especially welfare economists, can learn from these papers--including circumspection.

This volume provides an introduction to economics in terms of human rather than material welfare. Building on a social economics tradition, it proposes a more rational economic order and develops new principles of economic policy. The issues covered include: the inadequacy of individualistic ...

This volume provides an introduction to economics in terms of human rather than material welfare. Building on a social economics tradition, it proposes a more rational economic order and develops new principles of economic policy. The issues covered include: the inadequacy of individualistic economics in guiding policy formation; a logical critique of economic rationality; rethinking of the modern business corporation; a critique of modern trade theory and unregulated international competition; and how standard economic theory encourages major ecological problems.

In approaching problems generally conceived to be purely economic from a social and ecological perspective, the author explores the vital interface between economics, ethics and politics.

From sugar to indentured labourers, tobacco to reggae music, Europe and North America have been relentlessly consuming the Caribbean and its assets for the past five hundred years. In this fascinating book, Mimi Sheller explores this troublesome history, investigating the complex mobilities of ...

From sugar to indentured labourers, tobacco to reggae music, Europe and North America have been relentlessly consuming the Caribbean and its assets for the past five hundred years. In this fascinating book, Mimi Sheller explores this troublesome history, investigating the complex mobilities of producers and consumers, of material and cultural commodities, including: *foodstuffs and stimulants - sugar, fruit, coffee and rum *human bodies - slaves, indentured labourers and service workers *cultural and knowledge products - texts, music, scientific collections and ethnology *entire 'natures' and landscapes consumed by tourists as tropical paradise. Consuming the Caribbean demonstrates how colonial exploitation of the Caribbean led directly to contemporary forms of consumption of the region and its products. It calls into question innocent indulgence in the pleasures of thoughtless consumption and calls for a global ethics of consumer responsibility.