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Destruction, diversity, dialogue: Notes on the ethics of development

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  • Martin Raiser

    (Kiel Institute of World Economics)

Abstract

The persistence of world poverty in the face of increasing global interdependence of economies presents a challenge for ethical deliberation. Taking into account the role of institutions in fundamentally influencing economic performance and income distribution in developing countries, market forces are found to be inadequate for resolving the problem of world poverty. In response to the ethical challenge of acceptability of the world's market-based economic order, three main theories of justice are reviewed but found wanting as alternative solutions. Finally, an ethic of development is proposed that meets the criticisms raised both against the market and against the theories of justice discussed. Its principal elements are inter-subjective dialogue, the respect for cultural diversity and a theory-practice approach to development. © 1997 John Wiley & Sons, Ltd.

Suggested Citation

  • Martin Raiser, 1997. "Destruction, diversity, dialogue: Notes on the ethics of development," Journal of International Development, John Wiley & Sons, Ltd., vol. 9(1), pages 39-57.
  • Handle: RePEc:wly:jintdv:v:9:y:1997:i:1:p:39-57
    DOI: 10.1002/(SICI)1099-1328(199701)9:1<39::AID-JID258>3.0.CO;2-5
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    References listed on IDEAS

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    1. Hodgson, Geoffrey M, 1993. "Theories of Economic Evolution: A Preliminary Taxonomy," The Manchester School of Economic & Social Studies, University of Manchester, vol. 61(2), pages 125-143, June.
    2. Schumpeter, Joseph A., 1947. "The Creative Response in Economic History," The Journal of Economic History, Cambridge University Press, vol. 7(02), pages 149-159, November.
    3. Simon, Herbert A, 1986. "Rationality in Psychology and Economics," The Journal of Business, University of Chicago Press, vol. 59(4), pages 209-224, October.
    4. Crocker, David A., 1991. "Toward development ethics," World Development, Elsevier, vol. 19(5), pages 457-483, May.
    5. L. R. Wray, 1990. "Money and Credit in Capitalist Economies," Books, Edward Elgar Publishing, number 474, April.
    6. Stern, Nicholas, 1989. "The Economics of Development: A Survey," Economic Journal, Royal Economic Society, vol. 99(397), pages 597-685, September.
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