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  1. Would Legalizing Torture Result in Too Many Cases of Torture? Rare Counterexamples.Terence Rajivan Edward - manuscript
    The economist David K. Levine claims that if a government of a country makes torture legal, the inevitable result will be torture that is out of control. I point out an inconsistency in his approach to torture. I then argue that we should be open to rare counterexamples to his claim and describe a kind of counterexample.
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  2. The Economics of Diversity.Ryan Wasser - manuscript
    At first blush values such as diversity appear to be worth striving for. The question is whether or not such values—which have become increasingly prevalent the institutional credos of academia—are values as such, that being that they are things of moral worth (Value, n.d.), or if they are something else altogether. My unpopular suspicion leans toward the latter. Personal opinions, of course, can hardly be said to be good justification for a withering critique, however, these opinions of mine mirror similar (...)
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  3. A Critique Of Sen's Ethical Economics.W. Norman - unknown - Eidos: The Canadian Graduate Journal of Philosophy 7.
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  4. Elizabeth Anderson, Value in Ethics and Economics.B. Brecher - forthcoming - Radical Philosophy.
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  5. On Aristotle's Natural Limit.C. Tyler DesRoches - forthcoming - History of Political Economy.
  6. On the Origins, Meaning and Influence of Jensen and Meckling's Definition of the Firm.David Gindis - forthcoming - Oxford Economic Papers.
    Jensen and Meckling’s 1976 definition of the firm as a legal fiction which serves as a nexus for contracts between individuals sits well with the Coasean narrative on the firm while at the same time being at odds with it. Available interviews with Jensen shed little light on the origins and meaning of this unusual definition. The paper shows how the definition captured, and was a response to, the American socio-political context of the early and mid-1970s, and traces how Jensen (...)
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  7. The Social Cost of Carbon From Theory to Trump.J. Paul Kelleher - forthcoming - In Ravi Kanbur & Henry Shue (eds.), Climate Justice: Integrating Economics and Philosophy. Oxford University Press.
    The social cost of carbon (SCC) is a central concept in climate change economics. This chapter explains the SCC and investigates it philosophically. As is widely acknowledged, any SCC calculation requires the analyst to make choices about the infamous topic of discount rates. But to understand the nature and role of discounting, one must understand how that concept—and indeed the SCC concept itself—is yoked to the concept of a value function, whose job is to take ways the world could be (...)
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  8. A Dialogue on Republicanism.C. Mantzavinos - forthcoming - Revue de Philosophie Économique.
    Two interlocutors, Philip Pettit and a student, are exchanging views on liberal political and economic philosophy during lunch at Prospect House, the faculty club of Princeton. The dialogue begins with clarifications of the notion of liberty, and, against objections of the student, Pettit introduces and defends his own conception of freedom as non-domination rather than as non-interference. It proceeds with an exchange of arguments regarding the different kinds of institutional settings that entrench liberty and all the other things valued by (...)
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  9. Economics in Society: The Ethical Dimension, a Panel Organised by The.Wendy Olsen - forthcoming - Ethics.
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  10. The Sharing Economy in Europe: Developments, Practices, and Contradictions.Vida Česnuitytė, Andrzej Klimczuk, Cristina Miguel & Gabriela Avram (eds.) - 2022 - Cham: Palgrave Macmillan.
    This open access book considers the development of the sharing and collaborative economy with a European focus, mapping across economic sectors, and country-specific case studies. It looks at the roles the sharing economy plays in sharing and redistribution of goods and services across the population in order to maximise their functionality, monetary exchange, and other aspects important to societies. It also looks at the place of the sharing economy among various policies and how the contexts of public policies, legislation, digital (...)
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  11. Philosophy of Economics: Past and Future.Daniel M. Hausman - 2021 - Journal of Economic Methodology 28 (1):14-22.
    This essay offers a history of the development of philosophy of economics from the 1830s until today, with a personal perspective on the developments of the last four decades. It argues that change...
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  12. Economics and Community Knowledge-Making.Julie A. Nelson - 2021 - Journal of Economic Methodology 28 (1):107-113.
    Knowledge-making is a social activity. In this essay, I discuss how the economics discipline may be becoming a bit more cognizant of this fact, even though it goes against a long habit of imagining...
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  13. Strategic Sorting: The Role of Ordeals in Health Care.Richard Zeckhauser - 2021 - Economics and Philosophy 37 (1):64-81.
    Ordeals are burdens placed on individuals that yield no benefits to others; hence they represent a dead-weight loss. Ordeals – the most common is waiting time – play a prominent role in rationing health care. The recipients most willing to bear them are those receiving the greatest benefit from scarce health-care resources. Health care is heavily subsidized; hence, moral hazard leads to excess use. Ordeals are intended to discourage expenditures yielding little benefit while simultaneously avoiding the undesired consequences of rationing (...)
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  14. Normes et normativité en économie.Antoinette Baujard, Judith Favereau & Charles Girard - 2020 - Revue de Philosophie Économique 21 (1):3.
    Abstract : This introduction to a special issue on "Normes and normativity" emphasizes the difficulties and challenges of distinguishing between a positive approach and a normative approach to norms in economics. Collective life is organized by norms, however the mere fact that they regularly influence behaviours does not imply their desirability. A strict description of norms may require consideration of ethical issues, which may be reported by different methods; choosing among norms however is an activity of a fundamentally normative nature, (...)
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  15. Is Close Enough Good Enough?Campbell Brown - 2020 - Economics and Philosophy 36 (1):29-59.
    Should we allow grave harm to befall one individual so as to prevent minor harms befalling sufficiently many other individuals? This is a question of aggregation. Can many small harms ‘add up’, so that, collectively, they morally outweigh a greater harm? The ‘Close Enough View’ supports a moderate position: aggregation is permissible when, and only when, the conflicting harms are sufficiently similar, or ‘close enough’, to each other. This paper surveys a range of formally precise interpretations of this view, and (...)
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  16. Generalized Trust in Taiwan and (as Evidence for) Hirschman’s Doux Commerce Thesis.Marc A. Cohen - 2020 - Social Theory and Practice 46 (1):1-25.
    Data from the World Values Survey shows that generalized trust in Mainland China—trust in out-group members—is very low, but generalized trust in Taiwan is much higher. The present article argues that positive interactions with out-group members in the context of Taiwan’s export-oriented economy fostered generalized trust—and so explains this difference. This line of argument provides evidence for Albert O. Hirschman’s doux commerce thesis, that market interaction can improve persons and even stabilize the social order. The present article defends this point (...)
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  17. The Implicit Morality of the Market Is Consequentialist.Marc A. Cohen & Dean Peterson - 2020 - Business Ethics Journal Review 7 (4):21-26.
    Joseph Heath states that our paper “misinterpret[s]” and so misrepresents his account. The present Commentary corrects the record. Our paper (Cohen and Peterson 2019) outlined Heath’s account on his own terms; it explained that Heath distances himself from consequentialism. But then we argued that Heath is mistaken and so offered a repaired version of the market failures approach. Our central concern, in the original paper and in this short Commentary, is showing that the economic argument for markets is at the (...)
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  18. Power as an Epistemological Obstacle: Walter Eucken’s Quest for an Interest-Proof Economic Science.Raphaël Fèvre - 2020 - Journal of Economic Methodology 27 (4):330-350.
    Walter Eucken’s methodological program is usually related to the search for a meaningful synthesis between the general-theoretical and the individual-historical aspects of economic life. Yet, overc...
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  19. Minimal Morality, Bargaining Power, and Moral Constraint: Replies to D’Agostino, Thrasher, Morris, and Vanderschraaf.Michael Moehler - 2020 - Analytic Philosophy 61 (1):87-100.
    The history of contractarian moral theory is long and varied. It includes the classic social contract theories of Hobbes (1651), Hume (1739/1740), and Kant (1785) as well as modern versions of these theories, such as those of Gauthier (1986), Scanlon (1998), Darwall (2006), and Southwood (2010). In Minimal Morality: A Multilevel Social Contract Theory (2018), I continue this tradition by developing a ‘multilevel social contract theory’ that combines Humean, Hobbesian, and Kantian moral features. In this article, I reply to comments (...)
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  20. Мертвые руки выбора группы и феноменологии - обзор «Индивидуальность и запутанность» (Individuality and Entanglement) by Herbert Gintis 357p (2017)357p (2017)(обзор пересмотрен 2019).Michael Richard Starks - 2020 - In ДОБРО ПОЖАЛОВАТЬ В АД НА НАШЕМ МИРЕ : Дети, Изменение климата, Биткойн, Картели, Китай, Демократия, Разнообразие, Диссигеника, Равенство, Хакеры, Права человека, Ислам, Либерализм, Процветание, Сеть, Хаос, Голод, Болезнь, Насилие, Искусственный интелле. Las Vegas, NV USA: Reality Press. pp. 263-275.
    Так как Гинтис является старшим экономистом, и я читал некоторые из его предыдущих книг с интересом, я ожидал еще несколько понимание поведения. Ксожалению, он делает мертвые руки группового отбора и меноменологии в центральными его теории поведения, и это в значительной степени недействительными работы. Хуже того, так как он показывает такие плохие суждения здесь, это ставит под сомнение все его предыдущие работы. Попытка воскресить выбор группы его друзьями в Гарварде, Новаком и Уилсоном, Несколько лет назад был одним из главных скандалов в (...)
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  21. Le mani morte della selezione del gruppo e la fenomenologia -Una recensione di Individualità e Intrappolamento ( Individuality and Entanglement) di Herbert Gintis 357p (2017)(recensione rivista 2019).Michael Richard Starks - 2020 - In Benvenuti all'inferno sulla Terra: Bambini, Cambiamenti climatici, Bitcoin, Cartelli, Cina, Democrazia, Diversità, Disgenetica, Uguaglianza, Pirati Informatici, Diritti umani, Islam, Liberalismo, Prosperità, Web, Caos, Fame, Malattia, Violenza, Intellige. Las Vegas, NV, USA: Reality Press. pp. 242-254.
    Dal momento che Gintis è un economista senior e ho letto alcuni dei suoi precedenti libri con interesse, mi aspettavo qualche più intuizione sul comportamento. Purtroppo, fa le mani morte della selezione di gruppo e della fenomenologia nei pezzi centrali delle sue teorie del comportamento, e questo invalida in gran parte l'opera. Peggio ancora, dal momento che mostra un tale cattivo giudizio qui, mette in discussione tutto il suo lavoro precedente. Il tentativo di resuscitare la selezione di gruppo da parte (...)
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  22. Universalizing and the We: Endogenous Game Theoretic Deontology.Paul Studtmann & Shyam Gouri Suresh - 2020 - Economics and Philosophy 37 (2):244-259.
    The Nash counterfactual considers the question: what would happen were I to change my behaviour assuming no one else does. By contrast, the Kantian counterfactual considers the question: what would happen were everyone to deviate from some behaviour. We present a model that endogenizes the decision to engage in this type of Kantian reasoning. Autonomous agents using this moral framework receive psychic payoffs equivalent to the cooperate-cooperate payoff in Prisoner’s Dilemma regardless of the other player’s action. Moreover, if both interacting (...)
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  23. The Moral Limits of the Market: The Case of Consumer Scoring Data.Clinton Castro & Adam Pham - 2019 - Ethics and Information Technology 21 (2):117-126.
    We offer an ethical assessment of the market for data used to generate what are sometimes called “consumer scores” (i.e., numerical expressions that are used to describe or predict people’s dispositions and behavior), and we argue that the assessment has ethical implications on how the market for consumer scoring data should be regulated. To conduct the assessment, we employ two heuristics for evaluating markets. One is the “harm” criterion, which relates to whether the market produces serious harms, either for participants (...)
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  24. Is Meat the New Tobacco? Regulating Food Demand in the Age of Climate Change.Lingxi Chenyang - 2019 - Environmental Law Reporter 49.
    Switching from a meat-heavy to a plant-based diet is one of the highest-impact lifestyle changes for climate mitigation and adaptation. Conventional demand-side energy policy has focused on increasing consumption of efficient machines and fuels. Regulating food demand has key advantages. First, food consumption is biologically constrained, thus switching to more efficient foods avoids unintended consequences of switching to more efficient machines, like higher overall energy consumption. Second, food consumption, like smoking, is primed for norm- shifting because it occurs in socially (...)
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  25. Suicide by Democracy: An Obituary for America and the World 2nd Edition.Michael Starks - 2019 - Las Vegas, USA: Reality Press.
    Among the millions of pages of print and web pages and incessant chat and chatter on TV and blogs and speeches, there is a notable absence of a short clear honest, accurate, sane, intelligent summary of the catastrophe that is destroying America and the world. This is partly due to a lack of understanding and partly to the suppression of free speech by the leftist/liberal/progressive/democratic/socialist/multicultural/diverse/social democratic/communist/third world supremacist coalition. I attempt to fill that gap here. -/- An integral part of (...)
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  26. Da propriedade como fundamento ético-jurídico e econômico-político em Locke à vontade geral e o sistema autogestionário em Rousseau.Luiz Carlos Mariano da Rosa (ed.) - 2018 - São Paulo, BR: Politikón Zôon Publicações.
    Atribuindo a condição de propriedade ao trabalho a teoria de Locke dissimula a desigualdade através da “igualdade de relações” de indivíduos abstratos em um sistema jurídico-político que encerra uma liberdade proporcional ao status dos indivíduos como agentes econômicos, conforme assinala a pesquisa que, dessa forma, defende que, se cabe à sociedade política a delimitação das obrigações da lei natural, o que se impõe ao direito de propriedade individual é a restrição do seu exercício à necessidade, tendo em vista as múltiplas (...)
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  27. Modern Public Finances as a Proposal for an Emerging Country: The Social Approach in the Fight Against Poverty in Mexico.Carlos Medel-Ramírez & Medel-López Hilario - 2018 - Social Science Research Network:1-25.
    In Mexico, the management of public resources has been questioned by the State, and mainly the results that the public administration at its three levels (federal, state and municipal), by the lack of transparency in the application and verification of public resources. The experience that gives us the operation of different emerging programs that focused on reducing social and economic inequality in the country, we can locate them as the first attempts in the search for a solution that is complex. (...)
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  28. Les origines de la distinction entre positif et normatif en économie.Philippe Mongin - 2018 - Revue Philosophique De Louvain 116 (2):151–186.
    Abstract: Economists are accustomed to distinguishing between a positive and a normative component of their work, a distinction that is peculiar to their field, having no exact counterpart in the other social sciences. The distinction has substantially changed over time, and the different ways of understanding it today are reflective of its history. Our objective is to trace the origins and initial forms of the distinction, from the English classical political economy of the first half of the 19th century to (...)
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  29. The Reality of Money: The Metaphysics of Financial Value.Eyja M. Brynjarsdóttir - 2017 - Rowman & Littlefield International.
    A metaphysical investigation of money and monetary value, exploring money as a social phenomenon, the metaphysics of financial value, materialism and measurement.
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  30. Adam Smith’s Irony and the Invisible Hand.Sergio Volodia Marcello Cremaschi - 2017 - Iberian Journal of the History of Economic Thought 4 (1):43-62.
    I reconstruct Adam Smith’s theory of irony and its application. I illustrate how he defines it as a combination of something “grand” with something “mean” and how this is consistent with his anti-Cartesian and post-skeptic epistemology. I suggest that, for Smith, “systems” of any kind, from Cartesian physics to philosophical monotheism, Stoic ethics, and the “mercantile system” draw their apparent plausibility from some disease of human imagination. I argue that in every field, including political economy, in his view, the philosopher’s (...)
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  31. Aggregating Extended Preferences.Hilary Greaves & Harvey Lederman - 2017 - Philosophical Studies 174 (5):1163-1190.
    An important objection to preference-satisfaction theories of well-being is that they cannot make sense of interpersonal comparisons. A tradition dating back to Harsanyi :434, 1953) attempts to solve this problem by appeal to people’s so-called extended preferences. This paper presents a new problem for the extended preferences program, related to Arrow’s celebrated impossibility theorem. We consider three ways in which the extended-preference theorist might avoid this problem, and recommend that she pursue one: developing aggregation rules that violate Arrow’s Independence of (...)
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  32. Umweltmanagement und Rationalität. Der Schatten von VW: Betrieblicher Umweltschutz auf dem Prüfstand.Kay Herrmann - 2017 - WiSt 4 (2017):47-49.
    Economic pressures, mounting environmental, security and health requirements, are all critical factors that shape economic action. With regard to environmental protection, an economic entity acting as homo oeconomicus finds himself in a situation resembling a prisoner’s dilemma. Signposts for a possible resolution of this dilemma include an environmental management system, a system of environmental law based on the principles of environmental ethics, and a new conception of human nature.
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  33. Descriptive Versus Prescriptive Discounting in Climate Change Policy Analysis.Kelleher J. Paul - 2017 - Georgetown Journal of Law and Public Policy 15:957-977.
    This paper distinguishes between five different approaches to social discount rates in climate change economics, criticizes two of these, and explains how the other three are to some degree mutually compatible. It aims to shed some new light on a longstanding debate in climate change economics between so-called “descriptivists” and “prescriptivists” about social discounting. The ultimate goal is to offer a sketch of the conceptual landscape that makes visible some important facets of the debate that very often go unacknowledged.
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  34. Pure Time Preference in Intertemporal Welfare Economics.J. Paul Kelleher - 2017 - Economics and Philosophy 33 (3):441-473.
    Several areas of welfare economics seek to evaluate states of affairs as a function of interpersonally comparable individual utilities. The aim is to map each state of affairs onto a vector of individual utilities, and then to produce an ordering of these vectors that can be represented by a mathematical function assigning a real number to each. When this approach is used in intertemporal contexts, a central theoretical question concerns the evaluative weight to be applied to utility coming at different (...)
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  35. How to Be an Ex-Post Egalitarian and an Ex-Ante Paretian.Ittay Nissan-Rozen - 2017 - Analysis 77 (3):550-558.
    It is well known that there is a conflict between three intuitive principles for the evaluation of risky prospects in distributional contexts, Ex-Post Egalitarianism, Ex-Ante Pareto and Dominance. In this paper, I return to Peter Diamond’s suggestion that we reject Dominance as a principle of rationality in distributional contexts and present a new argument in support of this position. The argument is based on an observation regarding the right way for a distributor to weigh reasons for actions. In some cases, (...)
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  36. Introduction: Symposium on Robust Political Economy.Nick Cowen - 2016 - Critical Review: A Journal of Politics and Society 28 (3-4):420-439.
    Mark Pennington’s Robust Political Economy is a systematic exposition of a framework for analyzing institutional performance. The Robust Political Economy framework evaluates institutions according to their ability to solve knowledge and incentive problems. On grounds of robustness, Pennington combines insights from Austrian market-process theory and public-choice theory to defend classical liberalism from several compelling critiques. These include theories of market failure in economics; communitarian, deliberative-democratic, and liberal-egalitarian theories of justice; and concerns with social capital, domestic and international poverty, and ecology.
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  37. Decision Sciences and the New Case for Paternalism: Three Welfare-Related Justificatory Challenges.Roberto Fumagalli - 2016 - Social Choice and Welfare 47 (2):459-480.
    Several authors have recently advocated a so-called new case for paternalism, according to which empirical findings from distinct decision sciences provide compelling reasons in favour of paternalistic interference. In their view, the available behavioural and neuro-psychological findings enable paternalists to address traditional anti-paternalistic objections and reliably enhance the well-being of their target agents. In this paper, I combine insights from decision-making research, moral philosophy and evidence-based policy evaluation to assess the merits of this case. In particular, I articulate and defend (...)
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  38. Jonathan B. Wight: Ethics and Economics: An Introduction to Moral Frameworks: Stanford, California, Stanford University Press, 2015, ISBN: 978-0-8047-9453-4, 275 Pages, €26,80.Andrea Klonschinski - 2016 - Ethical Theory and Moral Practice 19 (4):1079-1081.
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  39. Order Ethics: An Experimental Perspective.Hannes Rusch & Matthias Uhl - 2016 - In Christoph Luetge & Nikil Mukerji (eds.), Order Ethics – An Ethical Framework for the Social Market Economy. Springer. pp. 67-78.
    In this chapter, we present supporting arguments for the claim that Order Ethics is a school of thought within ethics which is especially open to empirical evidence. With its focus on order frameworks, i.e., incentive structures, Order Ethical advice automatically raises questions on implementability, efficacy, and efficiency of such recommended institutions, all of which are empirical questions to a good extent. We illustrate our arguments by presenting a small selection of experiments from economics that we consider highly informative for Order (...)
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  40. The Ethical Underpinnings of Climate Economics.Adrian Walsh, Säde Hormio & Duncan Purves (eds.) - 2016 - Routledge.
    This book was born out of two interdisciplinary seminars held in 2014. The first one was the Climate Ethics and Climate Economics workshop in April adjoined as part of the European Consortium for Political Research Joint Sessions 2014 in Salamanca. Spurred on by the invigorating discussions, the participants decided to put together more workshops, with Ethical Underpinnings of Climate Economics following in Helsinki in November that same year. Without the organisers of these workshops the collaborators of this book would not (...)
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  41. Should Future Generations Be Content with Plastic Trees and Singing Electronic Birds?Danielle Zwarthoed - 2016 - Journal of Agricultural and Environmental Ethics 29 (2):219-236.
    The aim of this paper is to determine whether the present generation should preserve non-human living things for future generations, even if in the future all the contributions these organisms currently make to human survival in decent conditions were performed by adequate technology and future people's preferences were satisfied by this state of affairs. The paper argues it would be wrong to leave a world without non-human living plants, animals and other organisms to future generations, because such a world would (...)
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  42. Biblical Economic Ethics: Sacred Scripture’s Teachings on Economic Life by Albino Barrera.Raymond Kemp Anderson - 2015 - Journal of the Society of Christian Ethics 35 (1):205-206.
  43. Public Goods and Government Action.Jonny Anomaly - 2015 - Politics, Philosophy and Economics 14 (2):109-128.
  44. Ethics in Economics: An Introduction to Moral Frameworks.William Dixon - 2015 - Ethics and Social Welfare 9 (4):429-432.
  45. Ecosystems as Spontaneous Orders.Andy Lamey - 2015 - Critical Review: A Journal of Politics and Society 27 (1):64-88.
    The notion of a spontaneous order has a long history in the philosophy of economics, where it has been used to advance a view of markets as complex networks of information that no single mind can apprehend. Traditionally, the impossibility of grasping all of the information present in the spontaneous order of the market has been invoked as grounds for not subjecting markets to central planning. A less noted feature of the spontaneous order concept is that when it is applied (...)
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  46. Ethics, Economics and the Environment.Khalid Mir - 2015 - In Eyad Masad, Jr Harris, Hassan Bashir, Paolo Gardoni & Colleen Murphy (eds.), Engineering Ethics for a Globalized World. Springer Verlag.
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  47. Wants and Needs in Mitigation Policy.David R. Morrow - 2015 - Climatic Change 130 (3):335–345.
    Disagreements about morally appropriate mitigation policies arise in part from implicit disagreements about the nature and moral significance of needs. One key question is what, if anything, distinguishes “needs” from “mere wants.” One approach, prominent in economics and implemented in existing integrated assessment models of climate change, rejects a hard distinction between needs and wants. An alternative approach, prominent in the philosophical literature on needs, identifies needs with the requirements for autonomous agency, which is the capacity to set and pursue (...)
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  48. Economic Rationality and the Optimization Trap.Nikil Mukerji & Julian Nida-Rümelin - 2015 - St. Gallen Business Review 2015 (1):12-17.
    The theme of this issue of the St. Gallen Business Review is "Harmony". For this reason, we would like to discuss whether two aspects of our life- world are in harmony, namely economic optimization and morality. What is the relation between them? According to a widely shared view, which is one aspect of the doctrine of "mainstream economics", the functioning of an economic system does not require moral behaviour on the part of the individual economic agent. In what follows, we (...)
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  49. Is It Really Better to Give Than to Receive?Stephen R. Palmquist - 2015 - Journal of Revelatory Ethics 5 (9):1-11.
    The common saying, “it is better to give than to receive”, is so widespread that its truth is often merely assumed. But can this ethical maxim withstand a careful philosophical analysis? The relevant concepts (“giving”, “receiving”, and “better”)can be interpreted in too many ways to discuss thoroughly in a single essay. Instead, this essay classifies the various ways of interpreting the distinction between giving and receiving, then explores in depth one of the options, based on a pivotal distinction between active (...)
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  50. André Orléan: L’Empire de la Valeur. Refonder L’Économie: Seuil, Paris, 2011.Jörg Potthast - 2015 - Human Studies 38 (1):185-190.
    Consider waiting in lines. On the one hand, they offer an ad hoc illustration of how the scarcity of commodities relates to supply and demand. In this respect, they recall what neoclassical economics posit as the general law of the market. On the other hand, queuing is often referred to as a basic form of social interaction among those who wait. In this perspective, waiting is not about individuals waiting for something, but about waiting together, social gatherings, collectives, or communities. (...)
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