Adam Smith ... Father of Modern Economics ... Died in 1790 ... but 200 years later, his spirit is tortured by the caricatures we remember in his name. In Saving Adam Smith, he is tortured enough to return to Earth ... and so begins a journey of discovery that cuts across two centuries, as doctoral student Richard Burns puts his life on the line to rediscover Smith's most profound insight: Selfishness is not enough.
“This outstanding book” looks at the role of ethics within economic debates, going beyond welfare outcomes to examine our moral norms (Choice). In Ethics and Economics, Jonathan B. Wight argues that economic life relies on three interrelated ethical systems: outcome-based, duty- and rule-based, and virtue-based. Integrating contemporary research on ethics within a historical framework, Wight provides a thorough and accessible outline of all three schools, explaining how they fit or contrast with the economic welfare model. Wight uses these conceptual underpinnings to examine a range of topics, such as the 2008 financial crisis, the moral limits to markets, the findings of experimental economics, and the nature of economic justice. Wight’s analysis is guided by the innovative concept of ethical pluralism—the recognition that each system has appropriate applications, and that no single framework prevails. He makes the case that moving beyond utility maximization can lead to a richer understanding of human behavior and better policy decisions.
“This outstanding book” looks at the role of ethics within economic debates, going beyond welfare outcomes to examine our moral norms (Choice). In Ethics and Economics, Jonathan B. Wight argues that economic life relies on three interrelated ethical systems: outcome-based, duty- and rule-based, and virtue-based. Integrating contemporary research on ethics within a historical framework, Wight provides a thorough and accessible outline of all three schools, explaining how they fit or contrast with the economic welfare model. Wight uses these conceptual underpinnings to examine a range of topics, such as the 2008 financial crisis, the moral limits to markets, the findings of experimental economics, and the nature of economic justice. Wight’s analysis is guided by the innovative concept of ethical pluralism—the recognition that each system has appropriate applications, and that no single framework prevails. He makes the case that moving beyond utility maximization can lead to a richer understanding of human behavior and better policy decisions.
Contains 10 lessons that reintroduce an ethical dimension to economics. Students will learn about the important role ethics and character play in a market economy and how, in turn, markets influence ethical behavior.
Adam Smith ... Father of Modern Economics ... Died in 1790 ... but 200 years later, his spirit is tortured by the caricatures we remember in his name. In Saving Adam Smith, he is tortured enough to return to Earth ... and so begins a journey of discovery that cuts across two centuries, as doctoral student Richard Burns puts his life on the line to rediscover Smith's most profound insight: Selfishness is not enough.
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