Ethical Foundations of Economics

ISBN-10: 0878403655
ISBN-13: 9780878403653
Edition: 1993
Authors: John J. Piderit
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Description: Piderit explores the failures of mainstream economics and proposes an alternative grounded in natural law. His assessment is grounded in the Christian higher law tradition which assumes that objective standards known to human reason should govern  More...

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Book details

List price: $32.95
Copyright year: 1993
Publisher: Georgetown University Press
Publication date: 3/1/1993
Binding: Paperback
Pages: 360
Size: 6.25" wide x 9.25" long x 1.00" tall
Weight: 1.232

Piderit explores the failures of mainstream economics and proposes an alternative grounded in natural law. His assessment is grounded in the Christian higher law tradition which assumes that objective standards known to human reason should govern society and individuals.This book demonstrates both the reasonableness of a distinguished ethical tradition and its capacity to address a wide range of ethical issues, economic as well as personal and social. Piderit emphasizes that natural law theory underlies the U.S. Constitution and informs Catholic, Protestant, and Jewish worship today.

Preface
Introduction
Ethical Judgments
Faith and Human Reason
The Structure of Ethical Judgments
Casuistry
Ethics And Economics
Definitions
Private Ethical Norms and Rational Analysis
Schools of Economics
Approximating the Real World
Status Quaestionis Or What Is At Issue?
The Correct Level Of Abstraction
How Economics Abstracts from the Real World
How Ethics Abstracts from the Real World
Contrast In Methodologies
Economics as a Quasi-Science
Ethics and Experience
Dialectical Reasoning
Economic Facts, Economic Models, And Ethical Principles
Politics
Fundamental Values
Economic Lacunae
Ethical Systems
Values
Fundamental Values
Seven Fundamental Values
Private and Public Knowledge and Truth
Acting Against a Fundamental Value
Four Personal Principles of Justice
Other Values and Traditions
Observations About Certain Fundamental Values
Objections
Human Nature
Hierarchy Within Each Fundamental Value
Values In A Pluralist Society
Ordinary Economic Decisions And The Fundamental Values
Fundamental Values By Tradition Or Assumption
Principles of Justice I: Efficiency, Subsidiarity, and Freedom
Implications Of Practical Reasonableness
The Principle of Efficiency
The Principle of Subsidiarity
The Family
Choosing a Life Plan
Emphasizing Certain Fundamental Values
Free Choice
Required Goods and the Noncontrary Principle
Criteria For Ethically Responsible Production
Connectedness
Common Understandings and Individual Conscience
The Principle of Freedom
Principles of Justice II: Distribution, Responsibility, and Impartiality
The Principle Of Distribution
The Rawlsian Approach
Arguments Against Redistribution
The Economy as a Fair Game
Arguments for Redistribution
Objectivity And Subjectivity
The Principle of Relatedness
The Principle of Impartiality
The Six Social Principles Of Justice
Too Many Principles Of Justice?
The Ethics of Maximizing Behavior
The Fundamental Theorem Of Welfare Economics
Efficiency as Defined by Economists
The Fundamental Theorem in a Graph
Ethical Implications Of Maximizing Behavior
Profit Maximization
Utility Maximization
Cutthroat Competition
Greed, Envy, and the Desire for Status
Greed And Envy
Status
Macrostatus and Microstatus
The Economic and Ethical Significance of Status
The Prisoner's Dilemma And Status
The Traditional Prisoner's Dilemma
The Dilemma Caused by Status and Envy
Conclusion
Institutions
The Neoclassical System
Competing Moral Traditions
Modulating Desires
Tempering Maximization Of Profits And Personal Welfare
Pareto Optimality in a Diagram
Neoclassical Utility and the Fundamental Values: A Mathematical Comparison
Notes
Notes For Chapter 1
Notes For Chapter 2
Notes For Chapter 3
Notes For Chapter 4
Notes For Chapter 5
Notes For Chapter 6
Notes For Chapter 7
Notes For Chapter 8
Notes For Chapter 9
Notes For Appendix A
Notes For Appendix B
Bibliography

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