Edited by Geoffrey Brennan & Guiseppe Eusepi
"The Economics of Ethics and the Ethics of Economics 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."
Table of Contents
- Introduction: Ethics vs Economics – In Praise of the ‘Disciplined’ Life?
(Geoffrey Brennan & Giuseppe Eusepi)
Part I: Pathways through Prices and Values
- Ethics and the Extent of the Market (James M. Buchanan)
- Value and Values, Preferences and Price: An Economic Perspective on Ethical Questions (Geoffrey Brennan & Giuseppe Eusepi)
- An Economist’s Plaidoyer for a Secular Ethics: The Moral Foundation and Social Role of Critical Rationalism (Stefano Gorini)
- Conceptual Confusions, Ethics and Economics (Hartmut Kliemt)
Part II: Money an Medals: The Role of Motivations in Collective Choices
- Awards: A View from Economics (Bruno S. Frey & Susanne Neckermann)
- Assessing Collective Decision-making Processes: The Relevance of Motivation (Philip Jones)
- Positive Constraints on Normative Political Theory (Geoffrey Brennan & Alan Hamlin)
Part III: Political Market Processes and Liberal Ethics: Tax Fairness vs. Tax Morale
- The Deregulation of the Political Process: Towards an International Market for Good Politics (Reiner Eichenberger & Michael Funk)
- Do We Really Know Much About Tax Non-compliance? (Lars P. Feld)
- Searching for Fairness in Taxation: Lessons from the Italian School of Public Finance (Luisa Giuriato)
- Cooperation, Reciprocity and Self-esteem: A Theoretical Approach (Marcello Basili & Maurizio Franzini)