We examine the merits of neoclassical environmentaleconomics and discuss alternative approaches to it. We argue that the basic assumptions of the neoclassical approach, embodied in the indifference curve, make that model inappropriate for environmental analysis. We begin by assuming that the basic postulates of the neoclassical model hold and then argue that even this ideal state is incompatible with environmental sustainability. We discuss the role of the discount rate, the exclusive emphasis on marginal choices, and (...) the assumption of perfect information. (shrink)
The field of environmentaleconomics, while offering powerful tools for the diagnosis of environmental problems and the design of policy solutions to them, is unable to effectively incorporate normative concepts like justice or rights into its method of analysis, and so needs to be supplemented by a consideration of such concepts. I examine the two main schools of thought in environmentaleconomics ? the New Resource Economics and Free Market Environmentalism ? in order to (...) illustrate the shortcomings of their methods of analysis, taken on their own, and to demonstrate how a consideration of concepts like rights or justice might usefully supplement them. (shrink)
Neither environmentaleconomics nor environmental philosophy have adequately examined the moral implications of imposing environmental degradation and ecosystem instability upon our descendants. A neglected aspect of these problems is the supposed extent of the burden that the current generation is placing on future generations. The standard economic position on discounting implies an ethicaljudgment concerning future generations. If intergenerational obligations exist, then two types of intergenerational transfer must be considered: basic distributional transfers and compensatory transfers. Basic transfers (...) have been the central intergenerational concern of both environmentaleconomics and philosophy, but compensatory transfers emphasize obligations of a kind often disregarded. (shrink)
In this essay I criticize the contigent valuation method in resource economics and the concepts of utility and efficiency upon which it is based. I consider an example of this method and argue that it cannot-as it pretends-substitute for public education and political deliberation.
In this paper I argue that the criterion of valuation in neoclassical economics is flawed because it is not an invariant measure of value. It is invariant only when unrealistically restrictive conditions are imposed on the class of admissible utility functions, which in fact makes it a special case. The only sensible alternative is to turn to classical value theory based on real sacrifices or opportunity costs.
The appropriateness of economic valuations of the natural environment is defended on the basis of an objective analysis of individuals’ preferences. The egoistic model of “economic man” substantiates economic valuations of instrumental values even when markets do not exist and when consumption and use are not involved. However, “altruistic man’s” genuine commitment to the well-being of others, particularly wildlife and future generations, challenges economic valuations at a fundamental level. In this case, self-interest and an indifference between states of the world (...) are secondary and undefined respectively, since preferences are not based on tradeoffs between the welfare of others and self. The appropriateness of economic valuations rests solely with the empirical validity of the assumptions that give rise to economic man. (shrink)
How can we value the environment, this is the crucial issue that this book debates. The critical analyses carried out within the book by such figures as Nick Hanley and Jonathan Aldred are vital to ensuring that future economic growth is not achieved at the expense of our environment.
Various complex dynamics in ecologic-economic systems are presented with an emphasis upon models of global warming dynamics and fishery dynamics. Chaotic and catastrophic dynamic patterns are shown to be possible, along with other complex dynamics arising from nonlinearities in such combined systems. Problems associated with amplified oscillations due to these nonlinear interactions in the combined interactions of human economic decisionmaking with ecological dynamics are identified and discussed. Implications for policy are examined with strong recommendations for greater emphasis in particular upon (...) the precautionary principle to avoid catastrophic collapses beyond critical thresholds and the scale-matching principle to ensure that efforts to manage complex nonlinear dynamics are directed at the appropriate levels of ecologiceconomic interaction. Key Words: complex dynamics, chaos, catastrophe, fisheries, global warming.. (shrink)
This collection of essays by Sheila Jasanoff explores how democratic governments construct public reason, that is, the forms of evidence and argument used in making state decisions accountable to citizens.
This work introduces the reader to the central issues and theories in Western environmental ethics, and against this background develops a Buddhist environmental philosophy and ethics. Drawing material from original sources, there is a lucid exposition of Buddhist environmentalism, its ethics, economics and Buddhist perspectives for environmental education. The work is focused on a diagnosis of the contemporary environmental crisis and a Buddhist contribution for positive solutions. Replete with stories and illustrations from original Buddhist sources, (...) it is both informative and engaging. (shrink)
F. Bailey Norwood and Jayson L. Lusk: Compassion by the Pound: The Economics of Farm Animal Welfare Content Type Journal Article Category Book Review Pages 1-5 DOI 10.1007/s10806-012-9377-z Authors Paul B. Thompson, WK Kellogg Professor of Agricultural, Food and Community Ethics, Department of Philosophy, Michigan State University, 503 South Kedzie Hall, East Lansing, MI 48824-1032, USA Journal Journal of Agricultural and Environmental Ethics Online ISSN 1573-322X Print ISSN 1187-7863.
Economists interpret global environmental quality to be a pure public good. Each country should contribute to its provision. However, this is hard to achieve because each government is tempted to take a free ride on the other governments' efforts. Not only has this dilemma been analysed with game theoretical methods but game theory has also been used to think about how to make amends. This paper reviews the game theoretical discussion on how international policy frameworks may be designed to (...) improve the chances for international cooperation. It is also shown that the evaluation of alternative environmental policy instruments deviates from the standard environmentaleconomics model if applied to the international arena. For the benefit of an interdisciplinary readership, the evolution of the debate on global environmental policy is related to the recent history of economic thought. This history is taken to be materialised in the writings of economics' Nobel Prize laureates. (shrink)
Literature on ethical behavior has paid little attention to the mechanism between macro-environmental variables and environmental performance. This study aims at constructing a model to examine the relationships which link cultural values, population growth, economic development, and environmental performance by incorporating the mediating role of education. The multiple linear regression model was employed to test the hypotheses on a 3-year-pooled sample of 51 countries. Empirical results conclude that national culture, economic development, and population growth would significantly influence (...)environmental performance directly. In addition, through the mediating effect of education, population growth and national culture would significantly affect environmental performance indirectly. These findings provide theoretical and managerial implications for constructing the mechanism of cultural values and ethical behavior in general and environmental management in particular. (shrink)
Jesus’ teachings on neighborliness, frugality, support for the poor, and nonviolence should become more central to Christian environmental ethics. His actionoriented teachings do not explicitly mention nature, yet should have a beneficial collateral effect on environments when practiced by Christian communities. This issue affects Christian economics, simple causality models of environmental beliefs and impacts, and “love of nature” theology.
Introduction to the Special Issue of the Journal of Agricultural and Environmental Ethics from EURSAFE 2010 Content Type Journal Article Pages 1-4 DOI 10.1007/s10806-012-9390-2 Authors Leire Escajedo San-Epifanio, Department of Constitutional Law and History of Political Thought, Faculty of Social Sciences and Communication, University of the Basque Country, Bilbao, Spain Mickey Gjerris, Faculty of Science, Institute of Food and Resource Economics, University of Copenhagen, Copenhagen, Denmark Journal Journal of Agricultural and Environmental Ethics Online ISSN 1573-322X Print ISSN (...) 1187-7863. (shrink)
The standard approach to environmental issues today is to turn to science, economics, or democratic populism as a means to resolve our environmental debates. Environmental philosophers, on the other hand, focus on the theoretical underpinnings of environmental issues, with possibly a brief reference to a specific case or example. A policy turn in environmental philosophy involves a third way, where philosophers begin from society’s own growing sense of the inadequacy of our conventional ways of (...) addressing environmental problems. (shrink)
Environmental ethics tends to be dominated by the idea that the right environmental actions require a change in the value systems of many people. I argue that the “rebirth” approach is perverse in that moral attitudes are not easily changed by moral suasion. A properly ethical approach must begin where we are, as moderately moral people desiring the best for all. The real ethical problem is to develop procedures for collectively defining environmental ends that will be fair (...) to the parties participating in the decision process. This idea is essentially utilitarian, and depends on the maximization of expected social utility. This type of environmental ethics is contrasted with current theories of social choice in welfare economics and with Rawls’ theory of justice as fairness. (shrink)
"In this book, the effects of our own decisions and actions on the human environment are examined from several different perspectives, all informed Buddhist thought.
In his book The Morality of Freedom, Joseph Raz argues that the promotion of personal autonomy can serve as a constitutive principle for a comprehensive political theory. He maintains that three conditions are necessary for attainment of individual autonomy: appropriate mental abilities, an adequate range of options, and independence. In this essay, by focusing on Raz’s conception of an adequate range of options, we suggest that Raz’s theory justifies environmental conservation in general. We present an empirical framework of present-day (...) assaults on personal autonomy, construct a heuristic scenario, and argue against both neoclassical economics and utility maximization as adequate criteria regarding environmental decisions. We conclude that successful environmental policies should directly or indirectly strive to provide the conditions necessary for promoting individual autonomy. (shrink)
Translating environmental ethics into something that can be taught at the primary and secondary school levels may never be feasible. In addition, what needs to be taught may vary in different cultures around the world. A good noncontroversial starting point may be to begin with the values that are often listed in the purpose statements of environmental laws. Teachers could teach the history of ideas behind those values and their relationship to environmental concern. This approach is needed (...) as a counter to the value approach of modern economics which treats noneconomic values as meaningless expressions of personal emotion. Comparative value discussion can be used to clarify traditional values and in countries with indigenous populations with values originating in different histories of ideas, such as the values of the First Nation peoples in Canada and the Mapuche in Chile, which can be used to promote better understanding between major social groups. (shrink)
In his book The Morality of Freedom, Joseph Raz argues that the promotion of personal autonomy can serve as a constitutive principle for a comprehensive political theory. He maintains that three conditions are necessary for attainment of individual autonomy: appropriate mental abilities, an adequate range of options, and independence. In this essay, by focusing on Raz’s conception of an adequate range of options, we suggest that Raz’s theory justifies environmental conservation in general. We present an empirical framework of present-day (...) assaults on personal autonomy, construct a heuristic scenario, and argue against both neoclassical economics and utility maximization as adequate criteria regarding environmental decisions. We conclude that successful environmental policies should directly or indirectly strive to provide the conditions necessary for promoting individual autonomy. (shrink)
For conventional economics things have value only to the degree that they give pleasure to individual human beings. In response to continuing environmental deterioration several alternatives have been offered for valuing resources and allocating them between generations. Most of these approaches are highly abstract. The deterioration of the Earth and the mistreatment of its inhabitants will not be stemmed by abstractions. Neither will abstract ideas direct us to the best use of our resources. We need to foster personal (...) relationships between human beings and particular portions of the Earth. (shrink)
Environmental ethics continues to be dominated by an in/erential view of ethical theory, according to which moral prescriptions and proscriptions are deduced from general principles, which in turn are arrived at intuitively or by some form of induction. I argue that the inferential approach contributes litde to the pressing need which environmental philosophers have been attempting to address in recent decades-the need for a set of normative values actually in place within industrial society that will help preserve the (...) environment from human destruction. I propose an alternative view according to which the aim of environmental ethics is (1) a clear understanding of how moral norms actually come to be instituted in a given society, (2) the analysis of the practical effect of such norms from an environmental perspective, and (3) an examination of the relative desirability of alternative norms in light of their environmental effects. In pursuing this aim, environmental ethics should join forces with anthropology, economics, and other areas of social science in hopes of generatirtg a basis for empirical information about how moral norms actually operate. Such information might help persuade society at large of the importance of being guided by an environmentally sound set of normative values. (shrink)
Contrary to what is claimed by Gul and Pesendorfer (2008), in this paper I argue that neuroscience and economics can meet in ways that speak to the interests of economists. As Bernheim (2009) argues, economists seem to be primarily interested in novel models that link ?traditional? environmental variables (such as prices and taxes) to choice behavior in a more accurate way than existing models. Neuroscience might be helpful here, since especially computational neuroscience is also in the business of (...) mapping environmental variables on to behavior. Given that experimental findings seem to show that choice behavior displays great context-sensitivity, I discuss two tentative ways in which neuroscience might be helpful. Neuroscience might be able to identify a multitude of environmental variables and the choice algorithms in the brain that they activate. Going this way might lead to novel models that differ markedly from standard economic models. Alternatively, neuroscience might be able to provide more theoretical guidance as to how individuals model the situations they are in. In principle, this route might leave standard economic models largely intact while improving their predictive record. (shrink)
A study encompassing a number of UK Universities identified a widespread implicit environmental determinism employed in the teaching of Economics to business studies undergraduates. In this paper the author argues that this bias is an inevitable by-product of the methodological individualism adopted within mainstream economics. The author concludes that methodological individualism is, therefore, flawed both as a mechanism for accessing the reality of the business world and the power of firms within it, and for teaching others about (...) that reality, particularly as it also acts to undermine student motivation. (shrink)
By 2050, global livestock production is expected to double—growing faster than any other agricultural sub-sector—with most of this increase taking place in the developing world. As the United Nation’s four-hundred-page report, Livestock’s Long Shadow: Environmental Issues and Options , documents, livestock production is now one of three most significant contributors to environmental problems, leading to increased greenhouse gas emissions, land degradation, water pollution, and increased health problems. The paper draws on the UN report as well as a flurry (...) of other recently published studies in order to demonstrate the effect of intensive livestock production on global warming and on people’s health. The paper’s goal is to outline the problems caused by intensive livestock farming and analyze a number of possible solutions, including legislative changes and stricter regulations, community mobilizing, and consumers choosing to decrease their demand for animal products. (shrink)
This paper offers directions for the continuing dialogue between business ethicists and environmental philosophers. I argue that a theory of corporate social responsibility must be consistent with, if not derived from, a model of sustainable economics rather than the prevailing neoclassical model of market economics. I use environmental examples to critique both classical and neoclassical models of corporate social responsibility and sketch the alternative model of sustainable development. After describing some implications of this model at the (...) level of individual firms and industries, I offer an ethical justification of the sustainability alternative that is derived from the same values that underlie traditional market economics. (shrink)
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 the recent developments in normative economics and their connection with the previous two stages. (Published Online April 18 2006) Footnotes1 This paper suspersedes an earlier one entitled “Is There Progress in Normative Economics?” (Mongin 2002). I thank the organizers of the Fourth ESHET Conference (Graz 2000) for the opportunity they gave me to lecture on this topic. Thanks are also due to J. Alexander, K. Arrow, A. Bird, R. Bradley, M. Dascal, W. Gaertner, N. Gravel, D. Hausman, B. Hill, C. Howson, N. McClennen, A. Trannoy, J. Weymark, J. Worrall, two annonymous referees of this journal, and especially the editor M. Fleurbaey, for helpful comments. The editor's suggestions contributed to determine the final orientation of the paper. The author is grateful to the LSE and the Lachmann Foundation for their support at the time when he was writing the initial version. (shrink)
To understand the human capacity for psychological altruism, one requires a proper understanding of how people actually think and feel. This paper addresses the possible relevance of recent findings in experimental economics and neuroeconomics to the philosophical controversy over altruism and egoism. After briefly sketching and contextualizing the controversy, we survey and discuss the results of various studies on behaviourally altruistic helping and punishing behaviour, which provide stimulating clues for the debate over psychological altruism. On closer analysis, these studies (...) prove less relevant than originally expected because the data obtained admit competing interpretations – such as people seeking fairness versus people seeking revenge. However, this mitigated conclusion does not preclude the possibility of more fruitful research in the area in the future. Throughout our analysis, we provide hints for the direction of future research on the question. (shrink)
To lead an environmentally virtuous life requires information—about morality, environmental issues, the impacts of our actions and commitments, our options for alternatives, and so on. On the other hand, we are finite beings with limited time and resources. We cannot feasibly investigate all of our options, and all environmental issues (let alone moral issues, more broadly). In this paper I attempt to provide initial steps towards addressing the epistemic demands of environmental virtue. In the first half of (...) the paper I provide rules of thumb with respect to (1) how to prioritize our investigations into various issues, and (2) what kinds of information we should seek with respect to these issues, and the levels of epistemic justification we ought to attain. In the second half of the paper, I turn to a modified virtue ethics, appealing to the attitudes of virtuous ideal observers to provide characterizations of morally justified and morally non-culpable actions. I then apply these latter concepts in assessing agents, their actions and projects (with respect to environmental virtue), in light of their investigative efforts, and given their particular circumstances. (shrink)
Environmentally we seem to be both the victims and the perpetrators of a type of bait and switch: lured into the discussion by one set of intuitions, our interests become redescribed in terms that are intellectually more respectable. Our deepest concerns with the environment are converted into foreign discourses, as we strain to make the languages of science, economics, and interest group politics express our intuitions. The circumscription of environmental philosophy within environmental ethics is one manifestation of (...) this process of bait and switch. 'Corrosive Effects' critiques this process through a case study of acid mine drainage-water pollution resulting from mining activities. An analysis of acid mine drainage reveals the metaphysical and theological roots of many of our environmental problems. (shrink)
Ever wonder if it is possible to construct a numeric scale for environmental variables, like one does for the temperature? This paper is an attempt to construct one. There are two main parts: section “Statistical Analysis of Variations” presents a general statistical strategy for environmental factor selection. Section “Nonlinear Analytical Geometric Model of Variations” develops an analytical geometric representation of system variations in response to environmental changes. The model is used to quantify the effects of environmental (...) interactions. The paper treats only one-dimensional case, however, the derivation of the case of multiple independent factors follows immediately. The general method developed in this paper may prove applicable to many different fields, such as extensions beyond classical physics, economics, and other sciences. Section “Conclusion” provides an illustration of applications, examples and implications of the results. (shrink)
This is a much-needed and clearly argued account of what has gone wrong in our thinking about the environment. Written by one of our leading environmental thinkers, it is a compelling exploration of the contemporary ecological crisis, its origins, and the cultural illusions that lie behind it. Val Plumwood argues that historically-traceable distortions of reason and culture have resulted in dangerous forms of ecological denial. They have had a widespread effect in areas as diverse as economics, politics, science, (...) ethics, and spirituality, and appear in the currently dominant form of globalization. Cutting through the "prudence vs. ethics" debate that has stunted environmental philosophy, Plumwood analyzes our ethical and spiritual failures as closely linked to our perceptual and prudential failures to situate ourselves as ecological beings. She argues that in the process, we gain a false idea of our own character and location, including an illusory sense of independence from nature, making us insensitive to ecological limits, dependencies and interconnections. Environmental Culture presents a radically new picture of how our culture must change in order to develop an ecologically rational society. Drawing on a range of ideas from feminism, democracy, globalization and post-colonial thought, it is essential reading for anyone interested in the environment and our place in it. (shrink)
In this paper, I offer a systematic inquiry into the significance of Nietzsche’s philosophy to environmental ethics. Nietzsche’s philosophy of nature is, I believe, relevant today because it makes explicit a fundamental ambiguity that is also characteristic of our current understanding of nature. I show how the current debate between traditional environmental ethics and postmodern environmental philosophycan be interpreted as a symptom of this ambiguity. I argue that, in light of Nietzsche’s critique of morality, environmental ethics (...) is a highly paradoxical project. According to Nietzsche, each moral interpretation of nature implies a conceptual seizure of power over nature. On the other hand, Nietzsche argues, the concept of nature is indispensable in ethics because we have to interpret nature in order to have a meaningful relation with reality. I show that awareness of this paradox opens a way for a form of respect for nature as radical otherness. (shrink)
The concepts dao and de in the Daodejing may be evoked to support a distinctive and plausible account of environmental holism. Dao refers to the totality of particulars, including the relations that hold between them, and the respective roles and functions of each within the whole. De refers to the distinctiveness of each particular, realized meaningfully only within the context of its interdependence with others, and its situatedness within the whole. Together, dao and de provide support for an ethical (...) holism that avoids sacrificing individuals for the sake of the whole. The integrity and stability of the whole are important not because the whole is an end-in-itself but because those conditions assist in preserving the well-being of the constituent parts. In other words, the ethical holism supported in the Daodejing does not present individuals and wholes in mutually exclusive terms, but sees them in symbiotic relation, allowing for events to be mutually beneficial, or mutually obstructive, to both. In addition, two other Daoist concepts, wuwei (non-action) and ziran (spontaneity), provide further support for this construction of holism. If the distinctiveness of particular individuals is valued, then unilateral or reductive norms which obliterate such individuality are inappropriate. In this regard, the methodology of wuwei allows for the idea of individuals developing spontaneously in relation to others. According to this view of holism,individuals manifest and realize their integrity in relation to others in the environmental context, achieving an outcome that is maximally co-possible within those limits, rather than one that is maximally beneficial only for particular individuals. (shrink)
ABSTRACT. Ecological philosophy requires a significant orientation to the role of hope in both theory and practice. I trace the limited presence of hope in ecological philosophy, and outline reasons why environmental hopelessness is a threat. I articulate and problematize recent environmental publications on the topic of hope, the most important worry being that current literature fails to provide the necessary psychological grounding for hopeful action. I turn to the psychology of hope to provide direction for conceptualizing hope (...) and actualizing hoped for states of affairs. If positive moral action is the goal, hope is a vital concept for underwriting ecological philosophy and a practice requiring considerably more attention. (shrink)
Mounting evidence suggests that the human impact on the planet is reaching the point where the Earth's ecosystems will not be able to support the level of human occupation. The global economy also seems to be generating income disparities that threaten the social stability of even the most developed economies. Although both these trends are rooted in the operation of the global market economy, standard economics has surprisingly little to offer in the way of policies that might allow us (...) to survive the twenty-first century with our current social and environmental systems intact. This article examines our current predicament from the point of view of neoclassical welfare economics and the alternative framework of ecological economics. We argue that ecological economics, by placing the study of economics squarely within human society and ecosystems, can lead the way to make economics both scientifically credible and policy relevant. (shrink)
The debates over the future of human population and the earth’s environment, and similar large issues, usually take place without reference to explicit models. Debate would be clarified if such models were employed. We propose that the logistic equation and its extensions like the generalized logistic and the Lotka-Volterra equations, so familiar to ecologists, can easily be modified to model the important "macro" questions that motivated the three thinkers of our title. The long term rate of population growth must normally (...) be controlled by the rate of improvement in K, the carrying capacity of the earth. K will in turn be controlled by the rate of technological progress. The present situation, in which technological improvement (but also perhaps environmental deterioration) are increasing at rates above r, the Malthusian intrinsic rate of natural increase, is probably unique in human history. Can present levels of human prosperity and population growth be sustained? What processes are most likely to determine the answer to this and similar questions? We here sketch a model that endogenizes technological progress and environmental deterioration in the logistic framework. We discuss extensions of the logistic approach to multiple populations, such as other species, and sub-populations, such as human social classes, using the Lotka-Volterra equations. (shrink)
OBJECTIVE: To acquaint the student with the field of urban economics and to show how the principles of microeconomics and macroeconomics can be applied to the analysis of urban economic issues and problems. Such issues and problems include land issues, suburbanization versus central city development, housing availability and quality, racial discrimination, poverty, transportation, environmental quality, local public finance, and cities in less developed countries.
In this essay, my point of departure is Bernard Hodgson’s analysis of neo-classical economic theory and his demonstration that neo-classical economic thought is already a branch of normative theory. I undertake to broaden the demonstration by showing that other contemporary conceptions of economics are also irreducibly normative. The essay begins with an overview of Hodgson’s argument strategy, and a discussion of his thesis that economics is a moral science. This illustrates in what way moral presuppositions are at play (...) as core principles that both positivist and normativist economics take for granted. My strategy is to show that alternative conceptions of economics, in particular Schumpeterian accounts of evolution/innovation, and orthodox versions of ecological economics, share with classical and neo-classical economics normative assumptions about the common good, extending Hodgson’s thesis to one about moral science . For then these assumptions (both moral and scientific ) commit economics to unworkable notions of social and environmental optimization that ignore the pure historical contingency of physical, economic, social and cultural conditions. It is concluded that the relationship between facts and values must be fundamentally retheorized. (shrink)
A brief history of environmental consciousness in the western world places our views in perspective and provides a context for understanding the maze of related and unrelated thoughts, philosophies, and practices that we call “environmentalism”. Environmental ethics is a collection of independent ethicalgeneralizations, not a tight, rationally ordered set of rules. Environmental ethics is a collection of interrelated independent tendencies - a process field that is brought together for a long time. Ethics really results from people’s perceptions, (...) attitudes and behaviour. Society is facing many important decisions about the useof science and technology. These decisions affect the environment, human health, society and international policy. To resolve these issues, and develop principles to help us make decisions we need to involve anthropology, sociology, biology, medicine, religion, psychology, philosophy, and economics; we must combine the scientific rigour of biological data, with the values of religion and philosophy to develop a world-view. The goal of environmental ethics is not to convince us that we should be concerned about the environment. Instead of it, environmental ethics focuses on the moral foundation of environmental responsibility, and how far this responsibility extends. The challenge of duty-based eco-centrism is to explain how conflicts are to be resolved between human‐centered duties and environment-centered ones. An adequate duty-based approach to environmental obligation requires prioritizing environmental duties according to a ranked importance of the various ecosystems in question. Conflicts between prioritized environmental and human duties, then, can only be resolved on a case by case basis. Although eco-centrism fails as a normative theory, eco-centrism may have merit as a way of expressing emotionaloutrage at environmental damage and demanding change. (shrink)
If an organization cares for nature, this paper contends, it will act so as not to harm the ecosystems it affects, or when it cannot so act at the moment it will commit itself to such action over time. For an organization's commitment to ecologically beneficent performance to be credible, one requires an action plan with specified targets determining the best ecologically beneficent pollution abatement and ecosystem improvement approaches in a situation. To this end the 4 Direct Environmental Performance (...) Measures (EPMs) are generally used: L, pollutant loads; C: pollutant concentrations; I, ecosystem impacts; and R, ecosystem restoration. These direct EPMS are preferred to the indirect social performance indices customary in business ethics discourse, such as O: positioning organizations along the social performance spectrum from reactive to proactive; or E: economic indicators; and T: technology development; for environmental performance improvement is what is at issue. This one ground rule of environmental performance ethic; a second is that reducing harmful impacts or restoring an ecosystem are to be preferred over pollutant load/concentration reduction. The scientific, technical form of Direct EPMs is important, for it reinforces economic and technological development and yields performance-related environmental knowledge, in contrast to subjective perception and social debate. It offers management a model of ecologically beneficent performance that is microscopic in detail and regional in scope. It further suggests good environmental management involves linking ecosystem improvement with economic/technological benefits. An important aspect of this model of good environmental performance is to integrate economic, technical and social concerns with environmental ethics. It shows that economics and ecology should be mutually reinforcing, just as sustainable development suggests. (shrink)
Is it possible to reconcile a classical liberal approach to economics with a concern for the environment? The contributors to Economics and the Environment: A Reconciliation contend that it is. But they fail to distinguish properly between classical liberalism and a widespread orthodoxy in environmental policy communities in Europe and North America to the effect that economic instruments for environmental policy need more serious attention than they have hitherto received. Once this orthodoxy is distinguished from classical (...) liberalism, the latter is seen to be implausible. In particular, the classical liberal approach fails to deal with the practical and administrative problems involved in enforcing private property rights solutions to problems of environmental protection, wrongly generalizes from the failures of U.S. environmental policy to the failure of public regulation as such, and fails to take into account the claim that nature should be accorded intrinsic value. (shrink)
Environmental pragmatism is a new strategy in environmental thought: it argues that theoretical debates are hindering the ability of the environmental movement to forge agreement on basic policy imperatives. This new direction in environmental philosophy moves beyond theory, advocating a serious inquiry into the practical merits of moral pluralism. Environmental pragmatism, as a coherent philosophical position, connects the methodology of classical American pragmatist thought to the explanation, solution and discussion of real issues.
In their fine paper, Evans et al. (2009) discuss the proposition that invasive non-native species (INS) are harmful. The question to ask is, “Harmful to whom?” Pathogens that make people sick and pests that damage their property—crops, for example—cause harms of kinds long understood in common law and recognized by public agencies. The concept of “harm to the environment,” in contrast, has no standing in common law or legislation, no meaning for any empirical science, and no basis in a political (...) consensus other than might be drawn from the Endangered Species Act. As a generalization, the proposition that INS cause “environmental harm”—since this concept is empty of legal, scientific, and political meaning—must rest on definition, diktat, or diatribe. As Evans et al. suggest, however, the idea of “harm to the environment” is not always and certainly need not be arbitrary; it might gather significance in the context of a particular place through a political process that weighs economic concerns with cultural, religious, aesthetic, and other relevant beliefs, practices, and commitments that people who care about that place present. It is not clear, however, that adaptive management, which Evens et al. propose, will provide that democratic political process. (shrink)
This book offers a powerful response to what Varner calls the "two dogmas of environmental ethics"--the assumptions that animal rights philosophies and anthropocentric views are each antithetical to sound environmental policy. Allowing that every living organism has interests which ought, other things being equal, to be protected, Varner contends that some interests take priority over others. He defends both a sentientist principle giving priority to the lives of organisms with conscious desires and an anthropocentric principle giving priority (...) to certain very inclusive interests which only humans have. He then shows that these principles not only comport with but provide significant support for environmental goals. (shrink)
This is a comprehensive anthology of works concerning the nature of economics as a science, including classic texts and essays exploring specific branches and schools of economics. Apart from the classics, most of the selections in the third edition are new, as are the introduction and bibliography. No other anthology spans the whole field and offers a comprehensive introduction to questions about economic methodology.
The principal findings of experimental economics are that impersonal exchange in markets converges in repeated interaction to the equilibrium states implied by economic theory, under information conditions far weaker than specified in the theory. In personal, social, and economic exchange, as studied in two-person games, cooperation exceeds the prediction of traditional game theory. This book relates these two findings to field studies and applications and integrates them with the main themes of the Scottish Enlightenment and with the thoughts of (...) F. A. Hayek. (shrink)
There is an increasingly widespread belief, both within and outside the discipline, that modern economics is irrelevant to the understanding of the real world. Economics and Reality traces this irrelevance to the failure of economists to match their methods with their subject, showing that formal, mathematical models are unsuitable to the social realities economists purport to address. Tony Lawson examines the various ways in which mainstream economics is rooted in positivist philosophy and examines the problems this causes. (...) It focuses on human agency, social structure and their interaction and explores how the understanding of this social phenomena can be used to transform the nature of economic practice. Economics and Reality concludes by showing how this newly transformed economics might set about shaping economic policy. (shrink)
Despite the application of 2.5 million tons ofpesticides worldwide, more than 40% of all potentialfood production is lost to insect, weed, and plantpathogen pests prior to harvest. After harvest, anadditional 20% of food is lost to another group ofpests. The use of pesticides for pest control resultsin an estimated 26 million human poisonings, with220,000 fatalities, annually worldwide. In the UnitedStates, the environmental and public health costs forthe recommended use of pesticides total approximately$9 billion/yr. Thus, there is a need for (...) alternativenon-chemical pest controls, and genetic engineering(biotechnology) might help with this need. Diseaseand insect pest resistance to various pests has beenslowly bred into crops for the past 12,000 years;current techniques in biotechnology now offeropportunities to further and more rapidly improve thenon-chemical control of disease and insect pests ofcrops. However, relying on a single factor, like theBacillus thuringiensis toxin that has beeninserted into corn and a few other crops for insectcontrol, leads to various environmental problems,including insect resistance and, in some cases, athreat to beneficial biological control insects andendangered insect species. A major environmental andeconomic cost associated with genetic engineeringapplications in agriculture relates to the use ofherbicide resistant crops (HRC). In general, HRCtechnology results in increased herbicide use but noincrease in crop yields. The heavy use of herbicidesin HRC technology pollutes the environment and canlead to weed control costs for farmers that may be2-fold greater than standard weed control costs. Therefore, pest control with both pesticides andbiotechnology can be improved for effective, safe,economical pest control. (shrink)
The paper begins with a brief analysis of the concepts of environmental justice and environmental racism and classism. The authors argue that pollution- and environment-related decision-making is prima facie wrong whenever it results in inequitable treatment of individuals on the basis of race or socio-economic status. The essay next surveys the history of the doctrine of free informed consent and argues that the consent of those affected is necessary for ensuring the fairness of decision-making for siting hazardous facilities. (...) The paper also points out that equal opportunity to environmental protection and free informed consent are important rights. Finally, it presents a case study on the proposed uranium enrichment facility near Homer, Louisiana and argues that siting the plant would violate norms of distributive equity and free informed consent. It concludes that siting the facility is a case of environmental injustice and likely an example of environmental racism or classism. (shrink)
As anxiety about environmental change and its effects grows, we need to understand both the scientific processes and the ethical and aesthetic judgments involved in deciding which changes we should welcome and promote and which we should try to avoid. In Environmental Philosophy Christopher Belshaw examines the current debates on the environment, focusing on questions of value while also taking into account relevant issues in epistemology and metaphysics. Beginning with an overview of current concerns, Belshaw locates our attitudes (...) toward the environment within their cultural and historical milieu. He then examines the various positions in detail, ranging from the moderate view that we ought to consider not only ourselves but also other animals, to the seemingly more extravagant contention that non-sentient life, rocks, deserts B indeed all of the processes of nature B should be considered intrinsically valuable. In later chapters Belshaw explores the importance of an aesthetic response to the environment, opening the way for a human-centred position that is both more generous and more flexible than those often advanced elsewhere. In contrast to many of its competitors, Environmental Philosophy challenges accepted dichotomies - man/nature, instrumental/intrinsic, green/non-green - and advocates conciliation rather than confrontation. Although the arguments are rigorous, the writing is clear and non-technical, making Environmental Philosophy an excellent survey for those engaging with these issues for the first time, as well as offering much to challenge the more advanced student. (shrink)
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. (shrink)
This work gives an innovative approach to the subject, which puts forward a distinctly Buddhist environmental ethics that is in harmony with traditional ...
Economics today cannot predict the likely outcome of specific events any better than it could in the time of Adam Smith. This is Alexander Rosenberg's controversial challenge to the scientific status of economics. Rosenberg explains that the defining characteristic of any science is predictive improvability--the capacity to create more precise forecasts by evaluating the success of earlier predictions--and he forcefully argues that because economics has not been able to increase its predictive power for over two centuries, it (...) is not a science. (shrink)
Philosophy and Economics An Introduction PETER KOSLOWSKI Philosophy and economics are both children of the same Greek spirit of rationalization of world ...
China is currently experiencing rapid economic growth. The price of this, however, is environment pollution. Many Chinese corporations are lacking in corporate environmental responsibility (CER). Therefore, this study employs data from Chinese and multinational corporations to identify why Chinese corporations seldom engage in CER by investigating their motivations and stakeholders. The results show that the most important reason why Chinese corporations do not engage in CER is the fact that their competitive strategy of cost cutting makes them limited in (...) resources, such as money, employees, information, or added value. Further study implies that Chinese corporations face more survival pressure, though they are willing to take environmental responsibilities as multinational corporations do. The results also imply that government and social surroundings can play an important role to arouse CER consciousness of Chinese corporations in all stakeholders. Consequently, Chinese government has a heavy duty to promote corporations to respond to their CER in the long run. (shrink)
Presupposing no prior knowledge of philosophy, John Benson introduces the reader to one fundamental question--whether a concern with human well-being is an adequate basis for environmental ethics. The book explores this question by considering some of the techniques that have been used to value the environment and by critically examining "light green" to "deep green" environmentalism. Each chapter is then helpfully linked to a reading from key thinkers in the field and with the use of exercises, readers are encouraged (...) to think critically about the reading themselves. (shrink)
In accordance with environmental injustice, sometimes called environmental racism, minority communities are disproportionately subjected to a higher level of environmental risk than other segments of society. Growing concern over unequal environmental risk and mounting evidence of both racial and economic injustices have led to a grass-roots civil rights campaign called the environmental justice movement. The environmental ethics aspects of environmental injustice challenge narrow utilitarian views and promote Kantian rights and obligations. Nevertheless, an environmentaljustice (...) value exists in all ethical world views, although it involves a concept of equitable distribution of environmental protection that has been lacking in environmental ethics discussion. (shrink)
Many economic problems are also ethical problems: should we value economic equality? how much should we care about preserving the environment? how should medical resources be divided between saving life and enhancing life? This book examines some of the practical issues that lie between economics and ethics, and shows how utility theory can contribute to ethics. John Broome's work has, unusually, combined sophisticated economic and philosophical expertise, and Ethics Out of Economics brings together some of his most important (...) essays, augmented with a new introduction. The first group of essays deals with the relation between preference and value, the second with various questions about the formal structure of good, and the concluding section with the value of life. This work is of interest and importance for both economists and philosophers, and shows powerfully how economic methods can contribute to moral philosophy. (shrink)
This is a comprehensive anthology of works concerning the nature of economics as a science, including classic texts and essays exploring specific branches and schools of economics. Apart from the classics, most of the selections in the third edition are new, as are the introduction and bibliography. No other anthology spans the whole field and offers a comprehensive introduction to questions about economic methodology.
The Oxford Handbook of Philosophy of Economics is a cutting-edge reference work to philosophical issues in the practice of economics. It is motivated by the view that there is more to economics than general equilibrium theory, and that the philosophy of economics should reflect the diversity of activities and topics that currently occupy economists. Contributions in the Handbook are thus closely tied to ongoing theoretical and empirical concerns in economics. Contributors include both philosophers of science (...) and economists. Chapters fall into three general categories: received views in philosophy of economics, ongoing controversies in microeconomics, and issues in modeling, macroeconomics, and development. Specific topics include methodology, game theory, experimental economics, behavioral economics, neuroeconomics, computational economics, data mining, interpersonal comparisons of utility, measurement of welfare and well being, growth theory and development, and microfoundations of macroeconomics. The Oxford Handbook of Philosophy of Economics is a groundbreaking reference like no other in its field. It is a central resource for those wishing to learn about the philosophy of economics, and for those who actively engage in the discipline, from advanced undergraduates to professional philosophers, economists, and historians. (shrink)
The term neoclassical economics delineates a distinct and relatively homogenous school of thought in economic theory that became prominent in the late nineteenth century and that now dominates mainstream economics. The term was originally introduced by Thorstein Veblen to describe developments in the discipline (of which Veblen did not entirely approve) associated with the work of such figures as William Jevons, Carl Menger, and Leon Walras. The ambition of these figures, the first neoclassicists, was to formalize and mathematize (...) the subject in the aftermath of the so-called marginalist revolution. Economics is, according to one definition, the science that studies human behavior as a relationship between ends and scarce means that have alternative uses. Neoclassical economics pursues this study by means of supply and demand models that determine prices based on the subjective preferences of producers and consumers. Neoclassical economics relies on subjective preferences for determining prices in order to escape from the so-called objective value theory of classical economics, according to which the value of goods could be established by reference to some basic commodity (usually corn) or the labor input required to produce a good. Neoclassicists hoped that by jettisoning objective value, economics could be placed on a more scientific basis as an essentially descriptive and predictive theory of human behavior. Political theory, by contrast, involves both positive and normative elements. It is a positive science to the extent to which it aims to describe and predict political behavior. It is a normative science to the extent to which it prescribes how agents should behave in the political arena and what the best political institutions are. Neoclassical economics is relevant to both of these elements. (shrink)
This book explores the epistemological and ethical issues at the foundations of environmental philosophy, emphasizing the conservation of biodiversity. Sahota Sarkar criticizes previous attempts to attribute intrinsic value to nature and defends an anthropocentric position on biodiversity conservation based on an untraditional concept of transformative value. Unlike other studies in the field of environmental philosophy, this book is as much concerned with epistemological issues as with environmental ethics. It covers a broad range of topics, including problems of (...) explanation and prediction in traditional ecology and how individual-based models and Geographic Information Systems (GIS) technology is transforming ecology. Introducing a brief history of conservation biology, Sarkar analyzes the new consensus framework for conservation planning through adaptive management. He concludes with a discussion of the future directions for theoretical research in conservation biology and environmental philosophy. (shrink)
Machine generated contents note: Chapter 1. Environmental Problems and Society Part I: The Material Chapter 2. Consumption and Materialism Chapter 3. Money and Machines Chapter 4. Population and Development Chapter 5. Body and Health Part II: The Ideal Chapter 6. The Ideology of Environmental Domination Chapter 7. The Ideology of Environmental Concern Chapter 8. The Human Nature of Nature Chapter 9. The Rationality of Risk Part III: The Practical Chapter 10. Mobilizing the Ecological Society Chapter 11. Governing (...) the Ecological Society . (shrink)
Feminist economists have demonstrated that interrogating hierarchies based on gender, ethnicity, class and nation results in an economics that is biased and more faithful to empirical evidence than are mainstream accounts. This rigorous and comprehensive book examines many of the central philosophical questions and themes in feminist economics including: · History of economics · Feminist science studies · Identity and agency · Caring labor · Postcolonialism and postmodernism With contributions from such leading figures as Nancy Folbre, Julie (...) Nelson and Sandra Harding, Toward a Feminist Theory of Economics looks set to become the book on feminist economics for some time to come and will be greatly appreciated by all those interested in gender studies, economic methodology and social theory. (shrink)
The primary aim of the text is to introduce the reader to the relationship between economics and ethics and to the application of economic ethics in the evaluation of the market. The reader will gain insight into: * The ethical and methodological strategy of economics and criticism of the core assumptions that underpin the economic defense of free market operation. * The characteristics of different ethical theories (utilitarianism, duty and rights ethics, justice and virtue ethics) that can be (...) used to evaluate the free market. * How to apply economics in conjunction with ethical theories to evaluate economic trends and policies that promote the free operation of the market and are subject to public debate. These insights will help to develop the reasoning and analytical skills needed to criticize economic analysis as well as to apply ethical concepts to moral issues in economic policy. (shrink)
Introduction : ethical economics? -- The sovereign consumer -- Two myths about economic growth -- The politics of pay -- Happiness -- Pricing life and nature -- New worlds of money : public services and beyond -- Conclusion.
Deirdre McCloskey is rightly one of the most recognizable names in economics. She views economics as a language that uses all the rhetorical devices of everyday conversation and therefore it should be judged by aesthetic and literary standards and not the criteria of mathematical rigor that is espoused by the mainstream. This controversial standpoint has been hugely influential and this examination of the methodological and philosophical consequences of her work is overdue, and very welcome.
There have been several recent defenses of biocentric individualism, the position that all living beings have at least some moral standing, simply insofar as they are alive. I develop a virtue-based version of biocentric individualism, focusing on a virtue of reverence for life. In so doing, I attempt to show that such a virtuebased approach allows us to avoid common objections to biocentric individualism, based on its supposed impracticability (or, on the other hand, its emptiness).
I argue for an environmental virtue ethics which specifies human excellence and flourishing in relation to nature. I consider Henry David Thoreau, Aldo Leopold, and Rachel Carson as environmental virtue ethicists, and show that these writers share certain ethical positions that any environmental virtue ethics worthy of the name must embrace. These positions include putting economic life in its proper,subordinate place within human life as a whole; cultivating scientific knowledge, while appreciating its limits; extending moral considerability to (...) the nonhuman world; and supporting wilderness protection. I argue that Thoreau, Leopold, and Carson themselves exemplify the potential for cultivating excellence in engagement with wild nature: their lives are among our most powerful arguments for its preservation. (shrink)
Because the agriculture/food sectors appear to be driven by short-term economic and political forces, cheap energy, and agricultural-chemical technologies, waste and environmental/social problems in the agricultural/food sectors are estimated to cost the nation at least $150 billion per year. Most of the waste and environmental/social problems can be eliminated through better resource management policies and the adoption of sustainable agricultural practices.
"Essays on Philosophy, Politics, & Economics" offers a critical examination of economic, philosophical, and political notions, with an eye towards working ...
This important book brings together leading environmental thinkers to debate a central conflict within environmental philosophy: Should we appreciate nature ...
The focus here is Robert L. Heilbroner's critique, in the last chapter of the 7th edition of The Worldly Philosophers, of the idea that economics is, or should be, scientific. Heilbroner's conception of economics as essentially tied to capitalism is too narrow, and at odds with his own commentary on the rise of pauperism after the English common-land enclosures; and his critique of contemporary economics-as-social science is overdrawn. Nevertheless, there is indeed an important role for the “visionary” (...)economics for which Heilbroner hankers: assessing the benefits and drawbacks of different ways of ordering the production and distribution of goods and services. (shrink)
Natura 2000 is a network of natural sites whose aim is to preserve species and habitats of relevance in the European Union. The policy underlying Natura 2000 has faced widespread opposition from land users and received extensive support from environmentalists. This paper addresses the ethical framework for Natura 2000 and the probable moral assumptions of its main stakeholders. Arguments for and against Natura 2000 were analyzed and classified according to “strong” or “weak” versions of the three main theories of (...) class='Hi'>environmental ethics – anthropocentrism, biocentrism, and ecocentrism. Weak (intergenerational) anthropocentrism was found to underlie the Natura 2000 network itself and the positions of environmentalists, while strong (traditional) anthropocentrism pervaded the positions of economic developers. Land users seemed to fall somewhere between weak and strong anthropocentrism. The paper discusses the relation between ethics and different attitudes towards Natura 2000, highlighting some of the implications for the network’s ongoing implementation. It is shown that Natura 2000 achieves a strong reversal of the burden of proof from conservation to economic development and land use change under anthropocentrism. It is argued that the alleged theoretical divide between anthropocentrism and non-anthropocentrism in relation to the burden of proof does not seem to hold in practice. Finally, it is predicted that the weak versions of anthropocentrism, biocentrism, and ecocentrism, are likely to converge extensively in respect to nature conservation policy measures. (shrink)
There is a growing perception among economists that their field is becoming increasingly irrelevant due to its disregard for reality. Critical realism addresses the failure of mainstream economics to explain economic reality and proposes an alternative approach. This book debates the relative strengths and weaknesses of critical realism, in the hopes of developing a more fruitful and relevant socio-economic ontology and methodology. With contributions from some of the leading authorities in economic philosophy, it includes the work of theorists critical (...) of this approach. In the first part, contributors develop and deepen economics as a realist social theory by considering the work of individuals, various schools of thought, socio- economic phenomena and methodology. In the second part, contributors weigh the strengths and weaknesses of critical realism. (shrink)
This intriguing new book examines and analyses the role of critical realism in economics and specifically how this line of thought can be applied to the real world. With contributions from such varying commentators as Sheila Dow, Wendy Olsen and Fred Lee, this new book is unique in its approach and will be of great interest to both economic methodologists and those involved in applied economic studies.
This paper develops an account of evolutionary progress for use in the field of evolutionary economics. Previous work is surveyed and a new account set out, based on the idea of evolvability as it has been used recently in evolutionary developmental biology. The biological underpinnings of this idea are explained using examples of a series of phenomena that influence the evolvability of biological systems. It is further argued that selection pressures and developmental processes are sufficiently similar to make this (...) biological concept useful in economics. The new account is defended against a number of common objections to the notion of progress in evolving systems, including the claim that all stipulated measures of evolutionary progress are essentially arbitrary. It is argued that progress, understood as an increase in evolvability over time, is both philosophically well-justified and provides useful predictive and explanatory resources to those seeking to understand and manipulate evolving economic systems. (shrink)
This book challenges the accepted view by arguing that environmental law must be seen not as a mere instrument of social policy, but as a historical product of ...
In Ethics, Economics, and Politics Ian Little returns to offer a new defence of a rule-based utilitarianism as a basis for assessing the role of the State. Lucidly and elegantly he explains how the three disiplines of philosophy, economics and politics can be integrated to provide guidance on issues of public policy.
This book introduces the moral philosophy of Immanuel Kant—in particular, the concepts of autonomy, dignity, and character—to economic theory, explaining the importance of integrating these two streams of intellectual thought. Mainstream economics is rooted in classical utilitarianism, recommending that decision makers choose the options that are expected to generate the largest net benefits. For individuals, the standard economic model fails to incorporate the role of principles in decision-making, and also denies the possibility of true choice, which can be independent (...) of preferences and principles altogether. For policymakers, standard decision-making frameworks recommend tradeoffs that are beneficial in terms of material goods or wealth, but may be morally questionable from a more person-centered perspective. Integrating Kantian ethics affects economics in three important ways. This integration allows for a more complete understanding of human choice, incorporating not just preferences and constraints, but also principles and strength of will or character. It demonstrates the broader impact of welfare economics, which generates policies that affect not only persons' well-being, but also their dignity and autonomy. Finally, it reconciles the traditional, individualist stance in economic models of choice with the social responsibility emphasized by many systems of philosophical ethics and heterodox schools of economics. (shrink)
The meaning of sustainability is the subject of intense debate among environmental and resource economists. Perhaps no other issue separates more clearly the traditional economic view from the views of most natural scientists. The debate currently focuses on the substitutability between the economy and the environment or between “natural capital” and “manufactured capital”—a debate captured in terms of weak versus strong sustainability. In this article, we examine the various interpretations of these concepts. We conclude that natural science and economic (...) perspectives on sustainability are inconsistent. The market-based Hartwick-Solow “weak sustainability” approach is far removed from both the ecosystem-based “Holling sustainability” and the “strong sustainability” approach of Daly and others. Each of these sustainability criteria implies a specific valuation approach, and thus an ethical position, to support monetary indicators of sustainability such as a green or sustainable Gross Domestic Product (GDP). The conflict between “weak sustainability” and “strong sustainability” is more evident in the context of centralized than decentralized decision making. In particular, firms selling “services” instead of material goods and regarding the latter as “capital” leads to decisions more or less consistent with either type of sustainability. Finally, we discuss the implications of global sustainability for such open systems as regions and countries. Open systems have not been dealt with systematically for any of the sustainability criteria. (shrink)
This original book brings together some of the world's leading critics of economics orthodoxy to debate Lawson's contribution to the economics literature.
In launching modern economics, Adam Smith paved the way for laissez-faire capitalism, Marxism, and contemporary social science. This book scrutinizes Smith's disparagement of politics and religion to illuminate the subtlety of his rhetoric, the depth of his thought, and the ultimate shortcomings of his project. The author analyzes Smith's ideas on government, justice, human psychology, and international relations, stressing Smith's efforts to elevate wealth at the expense of citizenship and to replace normative political philosophy with historical theorizing and empirical (...) modeling that emphasize economic causes. The book also provides the most comprehensive interpretation available of Smith's views on religion, examining the discrepancies between The Wealth of Nations and The Theory of Moral Sentiments. The concluding chapter appraises the demise of communism in light of the Marxian emancipation of economics from politics and religion. (shrink)
Focusing on the work of Friedrich von Hayek and Vernon Smith, we discuss some conceptual links between Austrian economics and recent work in behavioral game theory and experimental economics. After a brief survey of the main methodological aspects of Austrian and experimental economics, we suggest that common views on subjectivism, individualism, and the role of qualitative explanations and predictions in social science may favour a fruitful interaction between these two research programs.
A social scientific survey on visions of human/nature relationships in western Europe shows that the public clearly distinguishes not only between anthropocentrism and ecocentrism, but also between two nonanthropocentric types of thought, which may be called “partnership with nature” and “participation in nature.” In addition, the respondents distinguish a form of human/nature relationship that is allied to traditional stewardship but has a more ecocentric content, labeled here as “guardianship of nature.” Further analysis shows that the general public does not subscribe (...) to an ethic of “mastery over nature.” Instead, practically all respondents embrace the image of guardianship, while the more radical relationships of partnership and participation also received significant levels of adherence. The results imply that ethicists should no longer assume that the ethics of the public are merely anthropocentric. Finally, they call into question the idea of a single form of ecocentrism and favor a hermeneutic virtue ethics approach to the study of the interface between ethics and action. (shrink)
PART ONE The Evolutionary Metaphors in the Reconstruction of Economics The indiscriminate application of the term 'evolution' however, has led to some ...
The Philosophy of Economics is the first work to seriously and successfully bridge twentieth-century economics and twentieth-century philosophy. Subroto Roy draws these two disciplines together and examines the basic intellectual roots of economics. This is also the first work by an economist to employ the writings of Wittgenstein and to tackle seriously the import of modern philosophy for economic thought. Unlike others in the field, Roy discusses not only the contributions of Popper, Kuhn, and Lakatos but also (...) those of Frege, Moore, and Wittgenstein, as well as Plato and Aristotle. (shrink)
Responsible investing (RI) is a growing phenomenon in the international investment arena. This article investigates the level of knowledge of members of South African pension/provident funds with regard to RI and the importance with which they view various ethical, environmental, social and governance (ESG) criteria. Respondents ( n = 281) indicated a relatively low level of understanding of the concept of RI. Significant differences were noted in the perceptions of respondents about the relative importance of ethical and ESG criteria (...) based on their gender and level of education. The findings could assist asset owners in reformulating their investment mandates, which in turn, will enable fund managers to invest in a more responsible manner. (shrink)
Out of the Margin is the first book to consider feminist concerns across the whole domain of economics. In recent years there has been a tremendous increase in interest on the relation between gender and economics. Feminists have found much of concern in the way the economics has written women out of its history, built its theories around masculinist values, failed to take proper account of women and their work when measuring the economy and ignored most of (...) the policy issues that press most heavily upon women. This book is a firm rejection of this marginalized position. Including contributions from leading feminist economists from the US and Europe, the book offers a richness of new insights in addressing the absence of women, both as subject and object, in the history of economic thought. Out of the Margin also explores the philosophical roots of rational economic man, power relations and conflicts within the family, the limitations of relying on secondary data, the need for new data and research, the policy implications of neo-classical economic models and the need for fundamental research in policy making. With its range and depth of coverage, this is not only an excellent introduction to the field but also indispensible for anyone looking for an in-depth analysis of gender and economics. (shrink)
Hermeneutics has become a major topic of debate throughout the scholarly community. What has been called the "interpretive turn" has led to interesting new approaches in both the human and social sciences, and has helped to transform divided disciplines by bringing them closer together. Yet one of the largest and most important social sciences economics has so far been almost completely left out of the transformation. Economics and Hermeneutics takes a significant step towards filling this gap by introducing (...) scholars on both sides of the divide to ways that hermeneutics might help economists address some of their most important problems. Among the topics addressed are entrepreneurship, price theory, rational expectations, monetary theory, welfare economics, and economic policy. The approaches to economics represented include the Austrian school, McCloskey's "rhetoric" approach, Marxian critical theory and institutionalism. (shrink)
