OUP USA (2012)
|Abstract||Undergraduate economics students begin and end their study of economics with the simple claim that economics is value free. Only in a policy role will values and beliefs enter into economic work; there can be little meaningful dialogue by economists about such personal views and opinions. This view, now well over 200 years old, has been challenged by heterodox thinkers in economics, and philosophers and social scientists outside the discipline all along the way. However, much of the debate in modern times has been narrowly focused on philosophical methodological issues on one hand or theological/sectarian concerns on the other. None of this filters down to the typical undergraduate even in advanced courses of the history of economic thought. This book presents the notion that economic thinking cannot escape value judgments at any level and that this understanding has been the dominant view throughout most of history. It shows how, from ancient times, people who thought about economic matters integrated moral reflection into their thinking. Reflecting on the Enlightenment and the birth of economics as a science, Halteman and Noell illustrate the process by which values and beliefs were excluded from economics proper. They also bring the reader up to date, given the changes over the last half-century. With the advent of interdependency concepts and game theory, behavioral economics and the infusion of other social sciences, especially psychology, into economic considerations, the door is once again open to moral reflection. It is a sensitive subject that can be divisive for many and there is little if any assessable literature on the topic at the undergraduate level. One way to approach the subject is to follow the path of the great thinkers of the past and observe how they worked through economic issues from a set of values that was foundational to their thinking. This places moral thinking in a context illuminating the complexity and importance of moral reflection and illustrating its impact on the culture of the times. Reckoning With Markets follows this method with a deliberate effort to cast the material in terms that will engage the undergraduate student.|
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
|Buy the book||$21.92 used (38% off) $30.11 new (14% off) $31.50 direct from Amazon (10% off) Amazon page|
|Through your library||Configure|
Similar books and articles
Uskali Mäki (ed.) (2001). The Economic World View: Studies in the Ontology of Economics. Cambridge University Press.
Wenceslao J. Gonzalez (1998). Prediction and Prescription in Economics: A Philosophical and Methodological Approach. Theoria 13 (2):321-345.
Betsy Jane Clary, Wilfred Dolfsma & Deborah M. Figart (eds.) (2006). Ethics and the Market: Insights From Social Economics. Routledge.
Andrew Yuengert (2002). Why Did the Economist Cross the Road? The Hierarchical Logic of Ethical and Economic Reasoning. Economics and Philosophy 18 (2):329-349.
Tony Lawson (1997). Economics and Reality. Routledge.
Eric S. Schliesser, Prophecy, Eclipses and Whole-Sale Markets: A Case Study on Why Data Driven Economic History Requires History of Economics, a Philosopher's Reflection.
Valentin Cojanu (2007). Editorial Introduction. Journal of Philosophical Economics 1 (1):5-8.
John Broome (1999). Ethics Out of Economics. Cambridge University Press.
Uskali Mäki (ed.) (2002). Fact and Fiction in Economics: Models, Realism and Social Construction. Cambridge University Press.
Elizabeth Anderson (1993). Value in Ethics and Economics. Harvard University Press.
Daniel M. Hausman (2006). Economic Analysis, Moral Philosophy, and Public Policy. Cambridge University Press.
Rodney Wilson (1997). Economics, Ethics, and Religion: Jewish, Christian, and Muslim Economic Thought. New York University Press.
Sorry, there are not enough data points to plot this chart.
Added to index2012-04-15
Total downloads1 ( #291,125 of 722,765 )
Recent downloads (6 months)1 ( #60,247 of 722,765 )
How can I increase my downloads?