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Ethics And Economic Theory

Author

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  • Kurt W. Rothschild

Abstract

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.

Suggested Citation

  • Kurt W. Rothschild, 1993. "Ethics And Economic Theory," Books, Edward Elgar Publishing, number 379.
  • Handle: RePEc:elg:eebook:379
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    File URL: http://www.e-elgar.com/shop/isbn/9781852786755
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    Cited by:

    1. repec:clr:wugarc:y:1994:v:20i:2p:231 is not listed on IDEAS
    2. Rainer Bartel, 1994. "Egoismus, Altruismus und Effizienzgestaltung im öffentlichen Bereich: Argumente und lmplikationen," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 20(2), pages 231-246.
    3. James E. Alvey, 2011. "A Short History of Ethics and Economics," Books, Edward Elgar Publishing, number 12674, April.
    4. Peter A. Riach & Judith Rich, 2004. "Deceptive Field Experiments of Discrimination: Are they Ethical?," Kyklos, Wiley Blackwell, vol. 57(3), pages 457-470, August.

    More about this item

    Keywords

    Economics and Finance;

    JEL classification:

    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian

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