EBOOK Reckoning with Markets:The Role of Moral Reflection in Economics -

EBOOK Reckoning with Markets:The Role of Moral Reflection in Economics

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Wydawnictwo: Oxford University Press
ISBN: 9780199924264
EAN: 803162D1EB
Format: 0,0 x 0,0 x 0,0
Oprawa: ...
Stron: 240
Data wydania: 2012
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Undergraduate economics students begin and end their study of economics with the        simple claim that economics is value free. Only in a policy role will values and        beliefs enter into economic work; there can be little meaningful dialogue by        economists about such personal views and opinions. This view, now well over 200        years old, has been challenged by heterodox thinkers in economics, and philosophers        and social scientists outside the discipline all along the way. However, much of the        debate in modern times has been narrowly focused on philosophical methodological        issues on one hand or theological/sectarian concerns on the other. None of this        filters down to the typical undergraduate even in advanced courses on the history of        economic thought. This book presents the notion that economic thinking cannot escape        value judgments at any level and that this understanding has been the dominant view        throughout most of history. It shows how, from ancient times, people who thought        about economic matters integrated moral reflection into their thinking. Reflecting        on the Enlightenment and the birth of economics as a science, Halteman and Noell        illustrate the process by which values and beliefs were excluded from economics        proper. They also appraise the reader with relevant developments over the last        half-century which offer promise of re-integrating moral reflection in economic        research.With the advent of interdependency concepts and game theory, behavioral        economics and the infusion of other social sciences, especially psychology, into        economic considerations, the door is once again open to moral reflection. It is a        sensitive subject that can be divisive for many and there is little if any        assessable literature on the topic at the undergraduate level. One way to approach        the subject is to follow the path of the great thinkers of the past and observe how        they worked through economic issues from a set of values that was foundational to        their thinking. This places moral thinking in a context illuminating the complexity        and importance of moral reflection and illustrating its impact on the culture of the        times. Reckoning with Markets follows this method with a deliberate effort to cast        the material in terms that will engage the undergraduate student. A number of        vignettes which apply the perspectives of key figures in the history of economic        thought to modern values and policy questions are provided.

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