With ‘The Wealth of Nations’ Adam Smith did not, in fact, allude to the passages in the bible. The rise of political economy itself, of which Smith’s work was an important element, was part of the background for, and preceded the appearance of, the phrase in English bibles.
Just Giving and Just Taking: an Aristotelian Approach to Modern Problems of Inequality, Insatiety and Consumerism.Owen Kelly
In a capitalist economy – maybe in any economy – the creation, measurement, storage and exchange of material wealth are the drivers of economic activity and much else besides. I argue that Aristotle’s ideas about justice and what it means to act justly in relation to the acquisition and disposal of wealth can be reinterpreted in ways that are practically useful.
This organisation is campaigning for the reform of economics curricula, but at the same time aims to democratize economics. According to the organisation rethinking economics matters as it will “benefit the discipline”, “combat climate change and poverty” and “improve democracy.”
A cute poem with animation film on the miracle of the invisible hand that steers market interactions, made by Stanford economist Russ Roberts. The film’s site also provides further resources for those who want to know more about the topic.
A recent post (6 March 2017) by Philip Goodchild (professor of religion and philosophy), which is partly based on his article ‘On the Origins of Modern Debt and Value’, published in the Journal Continental Thought and Theory. His research interests include philosophy of religion and the philosophy of political economy (especially credit and faith).
“In many ways, it’s a cringe-worthy piece of propaganda. But the lyrics in the verses are actually quite good, moving well beyond the typical arguments about “growing the economic pie” and emphasizing, instead, the creative collaboration at its core”
The free market is blamed for everything. But it can only flourish if people keep up morality and virtues, scholars Govert Buijs and Marcel Canoy argue.
Who are the losers of globalization? Many people claim that the rise of the three p’s (populism, patriotism and protectionism) is motivated by the fact that the benefits of globalization are unequally distributed over the population. But is this true?
In our discussions about free trade, it can be easy to focus only on short-term disruptions or long-term material gains, using either to argue for or against it on behalf of the poor. But at a more fundamental level, what does the expansion of trade really involve?
An interview with prof. Bas van Bavel, distinguished professor of Transitions of Economy and Society at Utrecht University, on his book “Invisible Hand? How Market Economies have Emerged and Declined Since AD 500″
“The Institute for New Economic Thinking is dedicated to the rigorous pursuit of innovative economic theories and methods that address society’s most pressing concerns”, says the organization’s website. With a leadership which includes “Nobel laureates, policy makers, and business visionaries,” special attention is paid to young scholars.
In January 2017 Socires hosted a seminar titled Reconnecting Finance with Society. Researchers, finance professionals and policy makers came together to discuss three approaches to make this happen. A blog reporting the main findings.
In this talk, Graafland discusses reasons why market incentives for corporate social responsibility (CSR) of a business organization both crowd in and crowd out the intrinsic motivation of a director towards CSR.
“In his 2017 presidential address to the National Economic Association, Professor Darrick Hamilton warned that treating economics as a morally neutral ‘science’, and the discipline’s limited attention to structural barriers and overemphasis of individual agency, has resulted in bad economics, and bad policy particularly as it relates to racial disparity.”
“The conclusion is clear and shocking: just thinking about their work at the bank makes people, who would otherwise be honest enough, bend their basic moral standards.”
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