By Johan Graafland

Ethics and Economics An Introduction to Free Markets, Equality and Happiness
Editions:Paperback: € 45.95
ISBN: 9781032020624
Pages: 270
Hardcover: € 150.00
ISBN: 9781032020983

Ethics and Economics: An Introduction to Free Markets, Inequality and Happiness is a textbook that applies economic ethics to evaluate the free market system and enables students to examine the impact of free markets using the three main ethical approaches: utilitarianism, principle-based ethics and virtue ethics.

Ethics and Economics systematically links empirical research to these ethical questions, with a focus on the core topics of happiness, inequality and virtues. Each chapter offers a recommended further reading list. The final chapter provides a practical method for applying the different ethical approaches to morally evaluate an economic policy proposal and an example of the methodology being applied to a real-life policy.

This book will give students a clear theoretical and methodological toolkit for analyzing the ethics of market policies, making it a valuable resource for courses on economic ethics and economic philosophy.


Table of Contents

  1. Introduction

Part I - Free Markets, Welfare and Happiness

  1. Utilitarianism
  2. Three economic perspectives on the "good" market system
  3. Free markets, welfare and happiness: Empirical research

Part II - Free Markets, Rights and Inequality

  1. The ethics of duties and rights
  2. The ethics of justice
  3. Free markets, rights and inequality: empirical research

Part III - Free Markets, Virtues and Happiness

  1. Virtue ethics and care ethics
  2. Adam Smith on markets, virtues and happiness
  3. Markets, virtues and happiness: empirical research

Part IV- Consolidation and Integration

  1. Liberalism and communitarianism
  2. The morality of free markets: Integration and application

About Johan Graafland

Johan GraaflandJohan Graafland (1960) has been full professor of economics, business and ethics at Tilburg University, the Netherlands, since 2000 and is a fellow of the Tilburg Sustainability Center.