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  1. Paul Anand, Prastanta Pattanaik & Clemens Puppe (eds.) (2009). The Handbook of Rational and Social Choice. Oxford University Press, USA.
    The Handbook of Rational and Social Choice provides an overview of issues arising in work on the foundations of decision theory and social choice over the past ...
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  2. Gustaf Arrhenius (2000). An Impossibility Theorem for Welfarist Axiologies. Economics and Philosophy 16 (2):247-266.
    A search is under way for a theory that can accommodate our intuitions in population axiology. The object of this search has proved elusive. This is not surprising since, as we shall see, any welfarist axiology that satisfies three reasonable conditions implies at least one of three counter-intuitive conclusions. I shall start by pointing out the failures in three recent attempts to construct an acceptable population axiology. I shall then present an impossibility theorem and conclude with a short discussion of (...)
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  3. Gustaf Arrhenius & Wlodek Rabinowicz (2005). Value and Unacceptable Risk. Economics and Philosophy 21 (2):177-197.
    Consider a transitive value ordering of outcomes and lotteries on outcomes, which satisfies substitutivity of equivalents and obeys “continuity for easy cases,” i.e., allows compensating risks of small losses by chances of small improvements. Temkin (2001) has argued that such an ordering must also – rather counter-intuitively – allow chances of small improvements to compensate risks of huge losses. In this paper, we show that Temkin's argument is flawed but that a better proof is possible. However, it is more difficult (...)
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  4. Jonathan Baron (1998). Utilitarianism as a Public Philosophy, Robert E. Goodin. Cambridge University Press, 1995, 352 + Xii Pages. Economics and Philosophy 14 (01):151-.
  5. Jonathan Baron (1996). Norm-Endorsement Utilitarianism and the Nature of Utility. Economics and Philosophy 12 (02):165-.
    In this article, I shall suggest an approach to the justification of normative moral principles which leads, I think, to utilitarianism. The approach is based on asking what moral norms we would each endorse if we had no prior moral commitments. I argue that we would endorse norms that lead to the satisfaction of all our nonmoral values or goals. The same approach leads to a view of utility as consisting of those goals that we would want satisfied. In the (...)
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  6. Martin Barrett & Daniel Hausman (1990). Making Interpersonal Comparisons Coherently. Economics and Philosophy 6 (02):293-.
    Many ethical theories, including in particular consequentialist moral the ories, require comparisons of the amount of good possessed or received by different people. In the case of some goods, such as monetary income, wealth, education, or health, such comparisons are relatively unproblematic. Even in the case of such goods there may be serious empirical measurement problems, but there appear to be no difficulties in principle. Thus Cooter and Rappoport (1984) maintained that there was no serious difficulty of making interpersonal utility (...)
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  7. Pierluigi Barrotta (2008). Why Economists Should Be Unhappy with the Economics of Happiness. Economics and Philosophy 24 (2):145-165.
    The economics of happiness is an influential research programme, the aim of which is to change welfare economics radically. In this paper I set out to show that its foundations are unreliable. I shall maintain two basic theses: (a) the economics of happiness shows inconsistencies with the first person standpoint, contrary claims on the part of the economists of happiness notwithstanding, and (b) happiness is a dubious concept if it is understood as the goal of welfare policies. These two theses (...)
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  8. Michael Benedikt (1996). Complexity, Value, and the Psychological Postulates of Economics. Critical Review 10 (4):551-594.
    Abstract Does the contemporary built environment?the ensemble of our humanly created surroundings?make us happy? This question prompts a consideration of the psychological dimensions of economic value, and of Tibor Scitovsky's revisions of standard economic theory. With Scitovsky as a starting point, a model of value based on modern complexity theory and a Maslow?like rendition of human needs can account for some of the more important exceptions to the law of diminished marginal utility, including those that may undermine the built environment (...)
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  9. Thomas A. Boylan & Ruvin Gekker (eds.) (2009). Economics, Rational Choice and Normative Philosophy. Routledge.
    Following Amartya Sen’s insistence to expand the framework of rational choice theory by taking into account ‘non-utility information,’ economists, political scientists and philosophers have recently concentrated their efforts in analysing the issues related to rights, freedom, diversity intentions and equality. Thomas Boylan and Ruvin Gekker have gathered essays that reflect this trend. The particular themes addressed in this volume include: the measurement of diversity and freedom, formal analysis of individual rights and intentions, judgment aggregation under constraints and strategic manipulation in (...)
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  10. David Braybrooke (1990). The Standard of Living, Amartya Sen Et Al. Cambridge: Cambridge University Press, 1987, Xiv + 125 Pages. [REVIEW] Economics and Philosophy 6 (02):339-.
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  11. Geoffrey Brennan (1998). Economic Analysis and Moral Philosophy, David M. Hausman and Michael S. McPherson. Cambridge University Press, Cambridge, 1996, Xii + 249 Pages. [REVIEW] Economics and Philosophy 14 (02):339-.
  12. Geoffrey Brennan & Alan Hamlin (1995). Constitutional Political Economy: The Political Philosophy of Homo Economicus? Journal of Political Philosophy 3 (3):280–303.
  13. Geoffrey Brennan & Loren Lomasky (1985). The Impartial Spectator Goes to Washington: Toward a Smithian Theory of Electoral Behavior. Economics and Philosophy 1 (2):189-211.
  14. Geoffrey Brennan & Daniel Moseley (forthcoming). Economics and Ethics. In Hugh LaFollette (ed.), International Encyclopedia of Ethics. Wiley-Blackwell.
    We identify three points of intersection between economics and ethics: the ethics of economics, ethics in economics and ethics out of economics. These points of intersection reveal three types of conversation between economists and moral philosophers that have produced, and may continue to produce, fruitful exchange between the disciplines.
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  15. D. Brock (2011). Cost-Effectiveness and Disability Discrimination – Addendum. Economics and Philosophy 27 (1):97-98.
  16. Ulrich Bröckling (2010). Human Economy, Human Capital : A Critique of Biopolitical Economy. In Ulrich Bröckling, Susanne Krasmann & Thomas Lemke (eds.), Governmentality: Current Issues and Future Challenges. Routledge. 247.
  17. John Broome (1992). Deontology and Economics. Economics and Philosophy 8 (02):269-282.
  18. Campbell Brown (2003). Giving Up Levelling Down. Economics and Philosophy 19 (1):111-134.
  19. Luigino Bruni (2010). Reciprocity: An Economics of Social Relations , Serge C. Kolm. Cambridge University Press, 2008. XI + 390 Pages. [REVIEW] Economics and Philosophy 26 (2):241-247.
  20. Allen E. Buchanan (1985). Ethics, Efficiency, and the Market. Rowman & Allanheld.
    This is a systematic evaluation of the main arguments for and against the market as an instrument of social organization, balancing efficiency and justice .
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  21. James M. Buchanan (1988). The Economics of Rights, Co-Operation, and Welfare, Robert Sugden. Oxford: Basil Blackwell, 1986, Vii + 191 Pages. [REVIEW] Economics and Philosophy 4 (02):341-.
  22. Ayşe Buğra & Gürol Irzik (1999). Human Needs, Consumption, and Social Policy. Economics and Philosophy 15 (02):187-.
  23. Krister Bykvist (2007). The Good, the Bad, and the Ethically Neutral. Economics and Philosophy 23 (1):97-105.
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  24. Bryan Caplan (2005). Toward a New Consensus on the Economics of Socialism: Rejoinder to My Critics. Critical Review 17 (1-2):203-220.
    Abstract This has been an unusually productive exchange. My critics largely accept my main theoretical claims about economic calculation and socialism. They have also started to do what advocates of the Misesian view should have been doing for decades: offer empirical evidence that that the calculation problem is serious. While I continue to believe that incentive problems explain most of the failures of socialism, I am slightly less confident than I was before. Fortunately, there are many unexploited sources of information (...)
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  25. Ian Carter (1995). Interpersonal Comparisons of Freedom. Economics and Philosophy 11 (01):1-.
  26. Ian Carter & Matthew H. Kramer (2008). How Changes in One's Preferences Can Affect One's Freedom (and How They Cannot): A Reply to Dowding and Van Hees. Economics and Philosophy 24 (1):81-96.
  27. Flavio Comim & Miriam Teschl (2006). Introduction: Capabilities and Identity. Journal of Economic Methodology 13 (3):293-298.
  28. Peter Dietsch (2012). Éthique et Économie : Introduction. Les Ateliers de l'Éthique / the Ethics Forum 7 (3):21-22.
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  29. Kenneth M. Ehrenberg (1999). Social Structure and Responsibility. Loyola Poverty Law Journal 5:1-26.
    We now live in a world with unprecedented possibilities. Technology is quickly reaching the point at which it will be within our grasp to cure any ailment: medical, psychological, or social. Yet we are already falling behind in the curative use of our newfound abilities. With our new technologies we have it within our means to feed the world and to eradicate sicknesses common only in developing countries. However, the use of these *2 abilities is governed by a social system (...)
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  30. Marc Fleurbaey (2012). Économie normative : un regain. Les Ateliers de l'Éthique / the Ethics Forum 7 (3):23-29.
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  31. Philippe Fontaine (2007). Harsanyi Before Economics: An Introduction. Economics and Philosophy 23 (3):343-348.
  32. Robert E. Goodin (2001). The New Social Question: Rethinking the Welfare State, Pierre Rosanvallon. Translated by Barbara Harshav. Princeton University Press, 2000, XII + 139 Pages. [REVIEW] Economics and Philosophy 17 (1):121-145.
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  33. David Gordon (2005). Calculation and Chaos: Reply to Caplan. Critical Review 17 (1-2):171-178.
    Abstract Ludwig von Mises argued that (1) economic calculation under socialism is impossible, and that (2) the lack of calculation would entail chaos and starvation. In these pages, Bryan Caplan has accepted the first claim but rejected the second, and has argued further that in real?world attempts to implement socialism, it was the lack of incentives, not the absence of economic calculation, that was responsible for economic chaos. I suggest, against Caplan's interpretation, that by ?chaos? Mises meant the lack of (...)
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  34. Benedetto Gui (2009). On Mutual Benefit and Sacrifice: A Comment on Bruni and Sugden's 'Fraternity'. Economics and Philosophy 25 (2):179-185.
    This note comments on Bruni and Sugden's interesting notion of fraternity among contract partners as joint commitment to cooperate for mutual benefit. I raise two points on their paper, both concerning the role of sacrifice. First I maintain that, differently from other social preferences, guilt aversion (or warm glow) does not imply self-sacrifice. Secondly, I argue that aiming for mutual benefit does not prevent individuals from facing trade-offs between their own and their partnerssacrifices’ enhance cooperative intentions and help create feelings (...)
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  35. Sven Ove Hansson (2006). Economic (Ir)Rationality in Risk Analysis. Economics and Philosophy 22 (2):231-241.
    Mainstream risk analysis deviates in at least two important respects from the rationality ideal of mainstream economics. First, expected utility maximization is not applied in a consistent way. It is applied to endodoxastic uncertainty, i.e. the uncertainty (or risk) expressed in a risk assessment, but in many cases not to metadoxastic uncertainty, i.e. uncertainty about which of several competing assessments is correct. Instead, a common approach to metadoxastic uncertainty is to only take the most plausible assessment into account. This will (...)
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  36. Andreas Hasman & Lars Peter Østerdal (2004). Equal Value of Life and the Pareto Principle. Economics and Philosophy 20 (1):19-33.
    A principle claiming equal entitlement to continued life has been strongly defended in the literature as a fundamental social value. We refer to this principle as ‘equal value of life'. In this paper we argue that there is a general incompatibility between the equal value of life principle and the weak Pareto principle and provide proof of this under mild structural assumptions. Moreover we demonstrate that a weaker, age-dependent version of the equal value of life principle is also incompatible with (...)
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  37. Steven E. Landsburg, The Methodology of Normative Economics.
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  38. Thaddeus Metz (2011). An African Theory of Dignity and a Relational Conception of Poverty. In John de Gruchy (ed.), The Humanist Imperative in South Africa. African Sun Media. 233--242.
    I have two major aims in this chapter, which is philosophical in nature. One is to draw upon values that are salient in the southern African region in order to construct a novel and attractive conception of human dignity. Specifically, I articulate the idea that human beings have a dignity in virtue of their communal nature, or their capacity for what I call ‘identity’ and ‘solidarity’, which contrasts the most influential conception in the West, according to which our dignity inheres (...)
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  39. Philippe Mongin (2006). A Concept of Progress for Normative Economics. Economics and Philosophy 22 (1):19-54.
    The paper discusses the sense in which the changes undergone by normative economics in the twentieth century can be said to be progressive. A simple criterion is proposed to decide whether a sequence of normative theories is progressive. This criterion is put to use on the historical transition from the new welfare economics to social choice theory. The paper reconstructs this classic case, and eventually concludes that the latter theory was progressive compared with the former. It also briefly comments on (...)
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  40. Philippe Mongin (2006). Value Judgements and Value Neutrality in Economics. Economica 73 (290):257-286.
    The paper analyses economic evaluations by distinguishing evaluative statements from actual value judgments. From this basis, it compares four solutions to the value neutrality problem in economics. After rebutting the strong theses about neutrality (normative economics is illegitimate) and non-neutrality (the social sciences are value-impregnated), the paper settles the case between the weak neutrality thesis (common in welfare economics) and a novel, weak non-neutrality thesis that extends the realm of normative economics more widely than the other weak thesis does.
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  41. Ivan Moscati (2010). The Foundations of Positive and Normative Economics: A Handbook , Ed. Andrew Caplin and Andrew Schotter. Oxford University Press, 2008, XXII + 382 Pages. [REVIEW] Economics and Philosophy 26 (1):101-108.
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  42. Olaf L. Müller (2004). Autodetermination in Microeconomics – A Methodological Case Study on the Theory of Demand. Analyse Und Kritik. Zeitschrift für Sozialtheorie 26 (2):319-345.
    My philosophical case study concerns textbook presentations of the theory of demand. Does this theory contain anything more than just a collection of tautologies? In order to determine its empirical content, it must be viewed holistically. But then, the theory implies false factual claims. We can avoid this result by embracing the theory’s normative character. The resulting consequences will be illuminated with the new autodetermination thesis recently proposed in the philosophy of physics by Oliver Timmer. Applying his ideas to the (...)
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  43. Fabienne Peter (2009). Rawlsian Justice. In Paul Anand, Prastanta Pattanaik & Clemens Puppe (eds.), The Handbook of Rational and Social Choice. Oxford University Press. 433--456.
    Rawls’ theory of justice builds on the social contract tradition to offer an alternative to utilitarianism. Rawls singles out justice – not maximum welfare or efficiency – as “the first virtue of social institutions”. Economists were quick to realize the relevance of Rawls’ theory of justice for economics. Early contributions in welfare economics and social choice theory typically attempted to incorporate Rawls’ ideas into a welfarist framework. Current research in normative economics comes closer to Rawls’ original proposal of a non-consequentialist (...)
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  44. Lisa Warenski (2012). "Relative Uncertainty in Term Loan Projection Models: What Lenders Could Tell Risk Managers&Quot;. Journal of Experimental and Artificial Intelligence 24 (4):501-511.
    This article examines the epistemology of risk assessment in the context of financial modelling for the purposes of making loan underwriting decisions. A financing request for a company in the paper and pulp industry is considered in some detail. The paper and pulp industry was chosen because (1) it is subject to some specific risks that have been identified and studied by bankers, investors and managers of paper and pulp companies and (2) certain features of the industry enable analysts to (...)
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