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Ethics and Economic Theory
Ideas - Models - Dilemmas
This distinguished book provides a critical assessment of the relationship between economic theory, scientific objectivity and ethics.
The main purpose of economic science is to analyse and `explain' the economic process but not necessarily to pass judgement as to whether this process is `good' or `bad'. However, in practice it is very difficult for the economist to study the `laws' of economics without ever touching ethical questions. It is shown that economic theories - despite avowals of scientific objectivity - contain implicitly or explicitly many aspects which have ethical implications.
Making extensive use of real-life examples and offering a new perspective on the ethical dimensions of economic analysis, this book will prove essential reading for economists and philosophers alike.
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What Reviewers Are Saying
`. . . well worth reading and absorbing, particularly by teachers of "principles" courses who wish to give their students a more correct perspective on the findings of the economic science of applied welfare economics contained in discussions of cost/benefit analysis, most distributive issues, and evaluations of tax policy.' -- Peter Groenewegen, History of Economics Review `. . . a worthwhile survey that would be useful in an advanced undergraduate or graduate seminars or as a reference work for graduate students.' -- B. Bateman, Choice `Ethics and Economic Theory is an excellent introduction to ethical problems associated with economic theory. Rothchild's critique of contemporary economic theory is lucid and compelling.' -- Ken Hanly, Canadian Philosophical Reviews