On Ethics and Economics

ISBN-10: 0631164014

ISBN-13: 9780631164012

Edition: 1988

Authors: Amartya Sen
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Description: In this elegant critique, Amartya Sen argues that a closer contact between welfare economics and modern ethical studies can substantively enrich and benefit both disciplines.He argues further that even predictive and descriptive economics can be helped by making more room for welfare economic considerations in the explanation of behavior, especially in production relations, which inevitably involve problems of cooperation as well as conflict. The concept of rationality of behaviour is thoroughly proved in this context, with particular attention paid to social interdependence and internal tensions within consequentialist reasoning. In developing his general theme, Sen also investigates some related matters; the misinterpretation of Adam Smith's views on the role of self-seeking; the plausibility of an objectivist approach that attaches importance to subjective evaluations; and the admissibility of incompleteness and of 'inconsistencies' in the form of overcompleteness in rational evaluation. Sen also explores the role and importance of freedom in assessing well-being as well as choice.Sen's contributions to economics and ethics have greatly strengthened the theoretical bases of both disciplines; this appraisal of the connections between the two subjects and their possible development will be welcomed for the clarity and depth it contributes to the debate. These essays are based on the Royer Lectures delivered at the University of California, Berkeley.

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Book details

List price: $39.95
Copyright year: 1988
Publisher: John Wiley & Sons, Incorporated
Publication date: 1/8/1991
Binding: Paperback
Pages: 148
Size: 5.50" wide x 8.75" long x 0.25" tall
Weight: 0.396
Language: English

Foreword
Preface
Economic Behaviour and Moral Sentiments
Two Origins
Achievements and Weakness
Economic Behaviour and Rationality
Rationality as Consistency
Self-interest and Rational Behaviour
Adam Smith and Self-interest
Economic Judgements and Moral Philosophy
Interpersonal Comparisons of Utility
Pareto Optimality and Economic Efficiency
Utility, Pareto Optimality and Welfarism
Well-being and Agency.Valuing and Value
Agency and Well-being: Distinction and Interdependence
Utility and Well-being
Achievements, Freedom and Rights
Self-interest and Welfare Economics
Rights and Freedom
Freedom and Consequences
Well-being, Agency and Freedom
Plurality and Evaluation
Incompletenes and Overcompleteness
Conflicts and Impasse
Rights and Consequence
Consequential Assessment and Deontology
Ethics and Economics
Welfare, Goals and Choices
Conduct, Ethics and Economics
References
Author Index
Subject Index
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