URMI and its Integration into a framework for Ethics in Economics
AbstractUtility, Rationality and Methodological Individualism (URMI) are the dominant aspects which determine the paradigm of ethics applicable in economic decision making process. Generally, in traditional economics the decision-making process for individuals has no significant space for ethics as individuals are only interested in maximizing their profits. URMI is a very important concept the formulation of which into various combinations determines different functions for ethics in economics. Economists have used different definitions for the constituents of this concept but there can not be sighted noteworthy effort to integrate these multi dimensional phenomena into a framework for ethics in economics. This paper integrates different approaches about URMI and chalk out a framework for incorporating ethics into economics.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 48344.
Date of creation: 15 Jul 2013
Date of revision:
Publication status: Published in INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS No 8.3(2011): pp. 798-803
Ethics; utility; methodological individualism; framework; economics;
Other versions of this item:
- Gul, Rjaz, 2013. "Socio-Economic Context of Saving Biodiversity," MPRA Paper 48401, University Library of Munich, Germany.
- Gul, Ejaz, 2013. "Economic Evaluation of Project Site Using Cardinal Numbers Approach," MPRA Paper 48283, University Library of Munich, Germany.
- Gul, Ejaz, 2013. "Economic Evaluation of Road Traffic Safety Measures," MPRA Paper 48350, University Library of Munich, Germany.
- Gul, Ejaz, 2013. "Economic Risk Exposure of Selected Projects and Risk Attitude of Investors; Evidence from Liberia," MPRA Paper 48221, University Library of Munich, Germany.
- Gul, Ejaz, 2013. "Economic Efficacy of Road Traffic Safety Measures," MPRA Paper 48373, University Library of Munich, Germany.
- D6 - Microeconomics - - Welfare Economics
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Social and Economic Stratification
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-07-20 (All new papers)
- NEP-HME-2013-07-20 (Heterodox Microeconomics)
- NEP-UPT-2013-07-20 (Utility Models & Prospect Theory)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Arrow, Kenneth J, 1994. "Methodological Individualism and Social Knowledge," American Economic Review, American Economic Association, vol. 84(2), pages 1-9, May.
- Broome,John, 1999.
"Ethics out of Economics,"
Cambridge University Press, number 9780521642750.
- Catherine C. Eckel & Philip J. Grossman, 2008.
"Sex and Risk: Experimental Evidence,"
Development Research Unit Working Paper Series
archive-09, Monash University, Department of Economics.
- Eckel, Catherine C. & Grossman, Philip J., 2008. "Men, Women and Risk Aversion: Experimental Evidence," Handbook of Experimental Economics Results, Elsevier.
- Brennan, Timothy J., 1993. "The Futility of Multiple Utility," Economics and Philosophy, Cambridge University Press, vol. 9(01), pages 155-164, April.
- Hausman, Daniel M & McPherson, Michael S, 1993. "Taking Ethics Seriously: Economics and Contemporary Moral Philosophy," Journal of Economic Literature, American Economic Association, vol. 31(2), pages 671-731, June.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- #HEJC papers for August 2013
by academichealtheconomists in The Academic Health Economists' Blog on 2013-07-31 23:00:48
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.