Economics and Ethics, Misc

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.

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 (...) concerns held by moderate and conservative opinions of the matter (Pew Research Center, 2017). As such it is beneficial to examine these issues rigorously separated from the pathological rhetoric that typically insulates them from outside reproach. Anecdotally speaking, since "diversity" seems to be the chief concern among these groups both in the academic setting and the world at large, the crux of this article will be anchored by a Marx-influenced assessment of the actuality of diversity as a social work in the academic environment, and the effect such projects might have if my suspicions prove to be correct. (shrink)

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.

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 (...) across indefinite timespans and to rank them from better to worse. A great deal, therefore, turns on the details of the value function and on just what is meant by “better” and “worse.” This chapter seeks to explicate these and related issues, and then to situate them within the evolving landscape of federal climate policy in the United States. (shrink)

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, (...) which questions the legitimacy of decisions and evaluations. The very possibility of a demarcation between is and ought is not straightforward. In welfare economics in particular, the standard approaches that aim to avoid value judgements (welfarism) or to isolate them (axiomatics) can be problematic. To conclude, we present the four articles in the special issue meant to illustrate these issues regarding the nature, knowledge, value of norms and the positive-normative distinction. -/- Résumé : Cette introduction à un dossier thématique sur le thème "Normes et normativité" insiste sur les difficultés et les enjeux de la distinction entre les approches positives et normatives des normes en économie. La vie collective est organisée par des normes, mais qu’elles ordonnent les comportements dans les faits n’impliquent pas qu’elles soient désirables. Une stricte description des normes peut nécessiter de prendre en compte les questions éthiques, lesquelles peuvent être traduites par différentes méthodes ; choisir les normes en revanche est une activité de nature fondamentalement normative, qui interroge la légitimité des décisions et des évaluations. La possibilité même de démarcation entre positif et normatif ne va pas de soi : en particulier en économie du bien-être, les approches standards qui visent à éviter les jugements de valeur (le welfarisme) ou à les isoler (l’axiomatique) peuvent s’avérer problématiques. Pour conclure, nous présentons les quatre articles du numéro qui illustrent ces questionnements relatifs à la nature, la connaissance, la valeur des normes et la distinction entre normatif et positif. (shrink)

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 (...) by separating two theses that Hirschman combines under that label, a countervailing forces thesis and a doux commerce thesis narrowly understood. These theses offer different explanations (or mechanisms) for how commerce could have those positive effects. The data about Taiwanese trust practices provides evidence for the latter. (shrink)

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 (...) same time ethical, and then being more precise about the ethical consideration that does the work. (shrink)

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 (...) by Fred D’Agostino, John Thrasher, Christopher W. Morris, and Peter Vanderschraaf. I am deeply grateful for these commentators’ constructive and engaging comments that, in their own way, shed light on core assumptions and features of the theory. Due to space restrictions, I focus on what I consider to be the main criticisms and have organized my responses thematically. I hope that doing so will also help readers who are less familiar with my work to understand the relevance of multilevel social contract theory for morally diverse societies. (shrink)

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 (...) биологии в последнее десятилетие, и я рассказал печальную историю в моей статье "Альтруизм, Иисус и конец света, как Templeton Фонд купил Профессорство Гарварда и напали Эволюция, Рациональность и цивилизация - Обзор Э. О. Уилсон "Социальное завоевание Земли" (2012) и Новак филд и High 'SuperCooperators' (201) В отличие от Новака, Гинтис, кажется, не мотивирован религиозным фанатизмом, а сильным желанием создать альтернативу мрачным реалиям человеческой природы, упрощаемым (почти всеобщим) непониманием фундаментальной человеческой биологии и пустым сланцизмом поведенческих ученых, других ученых и широкой общественности. Гинтис справедливо атакует (как он уже много раз) экономистов, социологов и других поведенческих ученых за отсутствие последовательной основы для описания поведения. Конечно,рамки, необходимые для понимания поведения, эволюционные. К сожалению, он не в состоянии обеспечить один сам (в соответствии с его многочисленными критиками, и я согласен), и попытка привить гнилой труп группы отбора на любые экономические и психологические теории он породил в своей десятилетия работы, просто недействительными весь его проект. Хотя Гинтис прилагает доблестные усилия, чтобы понять и объяснить генетику, как Уилсон и Новак, он далек от эксперта, и, как они, математика просто ослепляет его биологических невозможностей и, конечно, это норма в науке. Как Витгенштейн лихо отметил на первой странице культуры и ценности "Существует нет религиозной конфессии, в которой злоупотребление метафизических выражений несет ответственность за столько греха, как это было в математике". Всегда было кристально ясно, что ген, который вызывает поведение, которое уменьшает свою собственную частоту, не может сохраняться, но это ядро понятия группового отбора. Кроме того, было хорошо известно, и часто демонстрируется, что групповой выбор просто сводится к инклюзивной фитнес (выбор родственников), который, как Докинз отметил, это просто еще одно название для эволюции естественного отбора. Как и Уилсон, Гинтис проработал в этой сфере около 50 лет и до сих пор не понял ее, но после того, как разразился скандал, мне понадобилось всего 3 дня, чтобы найти, прочитать и понять наиболее актуальную профессиональную работу, как подробно описано в моей статье. Это ум boggling понять, что Гинтис и Уилсон были не в состоянии сделать это в почти полвека. Я обсуждаю ошибки группового отбора и феномологии, которые являются нормой в академических кругах, как особые случаи почти всеобщего непонимания человеческой природы, которые разрушают Америку и мир. Те, кто желает всеобъемлющего до современных рамок для человеческого поведения из современных двух systEms зрения могут проконсультироваться с моей книгой"Логическая структура философии, психологии, Минd иязык в Людвиг Витгенштейн и Джон Сирл" второй ред (2019). Те, кто заинтересован в более моих работ могут увидеть "Говоря обезьян --Философия, Психология, Наука, Религия и Политика на обреченной. (shrink)

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 (...) dei suoi amici ad Harvard, Nowak e Wilson, alcuni anni fa è stato uno dei maggiori scandali della biologia nell'ultimo decennio, e ho raccontato la triste storia nel mio articolo 'Altruismo, Gesù e la fine del mondo: come la Templeton Foundation ha acquistato una cattedra di Harvard e ha attaccato Evolution, Rationality and Civilization - Una recensione di E.O. Wilson 'The Social Conquest of Earth' (2012) e Nowak and Highfield 'SuperCooperators'). A differenza di Nowak, Gintis non sembra essere motivato dal fanatismo religioso, ma dal forte desiderio di generare un'alternativa alle cupe realtà della natura umana, reso facile dalla mancanza (quasi universale) della comprensione della biologia umana di base e dello slateismo in bianco degli scienziati comportamentali, di altri accademici e del pubblico in generale. Gintis attacca giustamente (come ha fatto molte volte prima) economisti, sociologi e altri scienziati comportamentali per non avere un quadro coerente per descrivere il comportamento. Naturalmente, il quadro necessario per comprendere il comportamento è evolutivo. Purtroppo, non riesce a fornire uno se stesso (secondo i suoi molti critici e io concordo), e il tentativo di innestare il cadavere marcio di selezione di gruppo su qualsiasi teoria economica e psicologica che ha generato nei suoi decenni di lavoro, invalida semplicemente il suo intero progetto. Anche se Gintis fa uno sforzo coraggioso per capire e spiegare la genetica, come Wilson e Nowak, è lontano da un esperto, e come loro, la matematica lo acceca alle impossibilità biologiche e, naturalmente, questa è la norma nella scienza. Come Wittgenstein notoriamente ha notato sulla prima pagina di Cultura e Valore "Non esiste una denominazione religiosa in cui l'uso improprio delle espressioni metafisiche è stato responsabile di tanto peccato come ha fatto in matematica." È sempre stato chiaro che un gene che provoca un comportamento che diminuisce la propria frequenza non può persistere, ma questo è il nucleo della nozione di selezione del gruppo. Inoltre, è stato ben noto e spesso dimostrato che la selezione di gruppo riduce solo alla forma fisica inclusiva (selezione dei parenti), che, come ha notato Dawkins, è solo un altro nome per l'evoluzione per selezione naturale. Come Wilson, Gintis ha lavorato in questa arena per circa 50 anni e ancora non l'ha afferrato, ma dopo lo scandalo è rotto, mi ci sono voluti solo 3 giorni per trovare, leggere e capire il lavoro professionale più rilevante, come descritto nel mio articolo. È da capo giro rendersi conto che Gintis e Wilson non sono stati in grado di raggiungere questo obiettivo in quasi mezzo secolo. Discuto gli errori di selezione di gruppo e fenomenologia che sono la norma nel mondo accademico come casi speciali della quasi universale incapacità di comprendere la natura umana che stanno distruggendo l'America e il mondo. Coloro che desiderano un quadro aggiornato completo per il comportamento umano dalla moderna vista a due systems possono consultare il mio libro 'La struttura logica dellafilosofia, psicologia, Mind e il linguaggio in Ludwig Wittgenstein e John Searle' 2nd ed (2019). Coloro che sono interessati a più dei miei scritti possono vedere 'TalkingMonkeys--Filosofia, Psicologia, Scienza, Religione e Politica su un Pianeta Condannato--Articoli e Recensioni 2006-2019 3rd ed (2019) e Suicidal Utopian Delusions nel 21st Century 4th ed (2019) . (shrink)

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 (...) in the market, for third parties, or for society as a whole. The other is the “agency” criterion, which relates to whether participants understand the nature and significance of the exchanges they are making, if they can be guaranteed fair representation, or if there is differential need for the market’s good. We argue that consumer scoring data should be subject to the same sort of regulation as the older FICO credit scores. Although the movement in the 1990s that was aimed at regulating the FICO scores was not aimed at restraining a market per se, we argue that the reforms were underwritten by concerns about the same sorts of problems as those outlined by our heuristics. Therefore, consumer data should be subject to the same sort of regulation. (shrink)

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 (...) conspicuous environments. While place-based bans and information regulation were essential in lowering the prevalence of smoking, the same strategies may be even more effective in reducing meat demand. Several policy reforms can be implemented at the federal level, from reform of food marketing schemes to publicly subsidized meal programs. (shrink)

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 (...) modern democracy is The One Big Happy Family Delusion, i.e., that we are selected for cooperation with everyone, and that the euphonious ideals of Democracy, Diversity and Equality will lead us into utopia, if we just manage things correctly (the possibility of politics). The No Free Lunch Principle ought to warn us it cannot be true, and we see throughout history and all over the contemporary world, that without strict controls, selfishness and stupidity gain the upper hand and soon destroy any nation that embraces these delusions. In addition, the monkey mind steeply discounts the future, and so we cooperate in selling our descendant’s heritage for temporary comforts, greatly exacerbating the problems. -/- I describe the great tragedy playing out in America and the world, which can be seen as a direct result of our evolved psychology, which, though eminently adaptive and eugenic on the plains of Africa ca. 6 million years ago, when we split from chimpanzees, to ca. 50,000 to 150,000 years ago, when many of our ancestors left Africa (i.e., in the EEA or Environment of Evolutionary Adaptation), is now maladaptive and dysgenic and the source of our Suicidal Utopian Delusions. So, like all discussions of behavior (philosophy, psychology, sociology, biology, anthropology, politics, law, literature, history, economics, soccer strategies, business meetings, etc.), this book is ultimately about evolutionary strategies, selfish genes and inclusive fitness (kin selection, i.e., natural selection). -/- One might take this to imply that a just, democratic and enduring society for any kind of entity on any planet in any universe is only a dream, and that no being or power could make it otherwise. It is not only ‘the laws’ of physics that are universal and inescapable, or perhaps we should say that inclusive fitness is a law of physics. -/- The great mystic Osho said that the separation of God and Heaven from Earth and Humankind was the most evil idea that ever entered the human mind. In recent times an even more evil notion arose, that humans are born with rights, rather than having to earn privileges. The idea of human rights, as now commonly promulgated, is an evil fantasy created by leftists to draw attention away from the merciless destruction of the earth by unrestrained 3rd world motherhood. Thus, every day the population increases by 200,000, who must be provided with resources to grow and space to live, and who soon produce another 200,000 etc. And one almost never hears it noted that what they receive must be taken from those already alive, and their descendants. Their lives diminish those already here in both major obvious and countless subtle ways. Every new baby destroys the earth from the moment of conception. In a horrifically overcrowded world with vanishing resources, there cannot be human rights without destroying the earth and our descendant’s futures. It could not be more obvious, but it is rarely mentioned in a clear and direct way, and one will never see the streets full of protesters against motherhood. -/- The most basic fact, almost never mentioned, is that there are not enough resources in America or the world to lift a significant percentage of the poor out of poverty and keep them there. The attempt to do this is bankrupting America and destroying the world. The earth’s capacity to produce food decreases daily, as does our genetic quality. And now, as always, by far the greatest enemy of the poor is other poor and not the rich. -/- America and the world are in the process of collapse from excessive population growth, most of it for the last century, and now all of it, due to 3rd world people. Consumption of resources, and the addition of some 3 billion more ca. 2100, will collapse industrial civilization and bring about starvation, disease, violence and war on a staggering scale. The earth loses at least 1% of its topsoil every year, so as it nears 2100, most of its food growing capacity will be gone. Billions will die and nuclear war is all but certain. In America, this is being hugely accelerated by massive immigration and immigrant reproduction, combined with abuses made possible by democracy. Depraved human nature inexorably turns the dream of democracy and diversity into a nightmare of crime and poverty. China will continue to overwhelm America and the world, as long as it maintains the dictatorship which limits selfishness and enables long term planning. -/- The root cause of collapse is the inability of our innate psychology to adapt to the modern world, which leads people to treat unrelated persons as though they had common interests (which I suggest may be regarded as an unrecognized -- but the commonest and most serious-- psychological problem -- Inclusive Fitness Disorder). This, plus ignorance of basic biology and psychology, leads to the social engineering delusions of the partially educated who control democratic societies. Few understand that if you help one person you harm someone else—there is no free lunch and every single item anyone consumes destroys the earth beyond repair. Consequently, social policies everywhere are unsustainable and one by one all societies without stringent controls on selfishness will collapse into anarchy or dictatorship. Without dramatic and immediate changes, there is no hope for preventing the collapse of America, or any country that follows a democratic system. This is happening even without climate change or the evil designs of Seven Senile Sociopaths who rule China, but they make it happen much faster. The only major change from the first edition of this essay is the addition of a brief discussion of China, which represents by far the greatest threat to peace and freedom worldwide. The policy of appeasing them, which all countries and most businesses pursue, is the worst of the suicidal utopian delusions. -/- Those wishing to read my other writings may see Talking Monkeys 2nd ed (2019), The Logical Structure of Philosophy, Psychology, Mind and Language in Ludwig Wittgenstein and John Searle 2nd ed (2019), Suicide by Democracy 3rd ed (2019), The Logical Stucture of Human Behavior (2019) and Suicidal Utopian Delusions in the 21st Century 4th ed (2019) . (shrink)

A metaphysical investigation of money and monetary value, exploring money as a social phenomenon, the metaphysics of financial value, materialism and measurement.

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 (...) formas que pode assumir como mercadoria nas relações de troca, que implicam a força de trabalho como objeto de troca e consumo em uma formação econômico-social que torna o homem uma simples mercadoria. Nesta perspectiva, baseado na teoria de Rousseau, que confere à Vontade Geral a condição para o exercício da soberania popular, o trabalho em questão, a partir da concepção dialético-materialista da universalidade, detém-se em seu processo de formação que, inter-relacionando deliberação e decisão, tende à correspondência entre fato e direito, convergindo para assinalar a sua capacidade de atribuir ao sistema de direitos e deveres a necessária conformidade envolvendo a realidade histórico-cultural e econômico-social concreta. Dessa forma, consistindo em um processo ético-jurídico de deliberação coletiva, o que se impõe à manifestação da Vontade Geral é um movimento dinâmico-dialético que demanda uma formação econômico-social baseada no interesse comum, convergindo para uma forma de autodeterminação que guarda possibilidade de promover a superação da alienação das capacidades humanas no contexto das relações socioprodutivas, a saber, a autogestão. Tal experiência social de autodeterminação coletiva envolve tanto a esfera política quanto o âmbito econômico (trabalho) e encerra a noção que implica desde a igualdade substancial (concreta) até a efetiva participação política, sobrepondo-se ao viés mercadológico da organização econômico-social vigente e à estrutura burocrática corporificada pelo Estado no sistema capitalista. (shrink)

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. (...) Moving from the role of the benefactor and welfare state to the promoter of the regions and in the recognition of the focalization of priority attention areas, the path that has been taken is not only the beginning. Recognizing the public nature of public finances as a promoter of social development, we must understand it as the one assumed by the State through social, political and economic co-responsibility to solve poverty and marginalization of its own public policy orientation and vision of solution has been made since the eighties. From the above, we can point out some preliminary conclusions including the study of the indigenous language-speaking population with a high level of social exclusion in the methodology for the definition of multidimensional poverty in Mexico, will allow the allocation of public resources in the fight against poverty to be effective since it will make it possible to identify to the target population that is subject to social exclusion and marginalization. This invites us to a final reflection: What to do to address the just social demands of the indigenous population that is immersed in poverty, marginalization and exclusion? What to do so that they do not leave their communities, and if they have already done so, how to attend to the needs of family groups that are due to the expense of a remittance that may never arrive? (shrink)

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 (...) the emergence of welfare economics in the first half of the 20th century. This sequential account will also serve to identify the main representative positions along with the arguments used to support them, and it thus prepares the ground for a discussion that will be less historical and more strictly conceptual. -/- Résumé : Les économistes ont coutume de distinguer entre une composante positive et une composante normative de leurs travaux, ce qui est une singularité de leur discipline, car cette distinction n'a pas de répondant exact dans les autres sciences sociales. Elle a fortement évolué au cours du temps et les différentes manières de la concevoir aujourd'hui en reflètent l'histoire. On se propose ici d'en retracer les origines et les premières formes, de l'économie politique classique anglaise de la première moitié du XIXe siècle jusqu'à l'apparition de l'économie du bien-être dans la première moitié du XXe siècle. Ce parcours séquentiel vise aussi à identifier les positions les plus représentatives et les arguments invoqués pour les soutenir, en préparant ainsi une discussion qui serait moins historique et plus strictement conceptuelle. (shrink)

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 (...) task is partially sceptical and partially ironical. That is, it is the task to fight erroneous systems by showing how these arise from unwarranted associations of ideas between apparently “grand” ideas —say, the public interest— with “mean” ones, say, the merchants’ self-interest. In this light, the phrase “invisible hand” turns out to be both an ironic joke and one more application of Smith’s post-skeptical theory of knowledge whose target is dismantling all kind of “invisible” entities that human imagination tends to create. (shrink)

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 (...) Irrelevant Alternatives condition. (shrink)

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.

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 (...) times. This question concerns the rate of pure time preference, which is one key determinant of the social discount rate. This article argues that the standard philosophical account of pure time preference is mistaken, because it ascribes to economists a methodological commitment they need not, and often do not, accept. This in turn undercuts the most common philosophical objection to pure time preference, which traces at least to Rawls’s A Theory of Justice. The article then evaluates three further objections to pure time preference, concluding that it might still be defensible under certain circumstances. The article closes by articulating a final argument that is suggested by the “Social, Economic and Ethical Concepts and Methods” chapter of the most recent Intergovernmental Panel on Climate Change report. If this further argument is sound, it would constitute a decisive objection to pure time preference as it currently figures in much intertemporal welfare economics. (shrink)

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, (...) I argue, reasons for action that are grounded in the interests of one of the patients ought to be disregarded by the distributor. These cases share the following property: it is in the patient’s overall interest that the distributor disregards them. I show that Dominance does not permit distributors to disregard such reasons and use this observation to argue against the claim that Dominance is a principle of rationality in distributional contexts. (shrink)

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.

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 (...) three complementary arguments that, I claim, challenge even the best available calls for such case. In doing so, I identify the main justificatory challenges faced by the new paternalists and explicate the implications of these challenges for the ongoing philosophical debate about the justifiability of paternalistic interference. (shrink)

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 (...) Ethics. These experiments vary in their details but share one common theme: individual decision-making and its aggregate results are tested against the background of incentive structures. In particular, these studies provide first insights on how unregulated markets influence moral behavior over time, how trial-and-error experiences convince subjects to migrate to more efficient institutions, and how default rules can influence fundamental choices of people. We argue that Order Ethics, for which implementability of any moral claim is an essential requirement, can largely benefit from the use of such experimental methods. Finally, we suggest the provision of self-commitment devices as one example of smart policy design that avoids paternalistic intrusions into individual liberty. (shrink)

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 (...) have come together: Matthew Rendall, Dominic Roser, Sade Hormio, Simo Kyllonen, Aaron Maltais and Joanna Burch-Brown. We would also like to thank all the participants at the workshops for making them so enjoyable and worthwhile. The Helsinki workshop that this book was named after was organized as part of the Climate Ethics and Economics project, led by Aki Lehtinen and funded by the University of Helsinki. The three-year project is based at the Social and Moral Philosophy discipline in the Department of Political and Economic Studies. The workshop itself was made possible by funding from the Academy of Finland Centre of Excellence in the Philosophy of the Social Sciences, which also helped to host the event. (shrink)

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 (...) fail to secure one of the conditions of future people’s autonomy, that is, availability of adequate options. Building upon Joseph Raz’s account of autonomy, the paper shows that the presence of non-human living organisms is part of an adequate range of options insofar as, to be adequate, options must meet a test of variety. According to Raz, options pass this test if they enable human agents to exercise a set of physical, affective, imaginative and cognitive capacities humans normally have an innate drive to exercise. The paper discusses empirical findings as well as psychological theories that provide support to the hypothesis that interactions with non-human living organisms enable human beings to develop and exercise these capacities by shaping these capacities in a special way, different from the way interactions with other environments do. (shrink)

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 (...) to ecosystems it yields a reasonably strong environmental ethic. Thinking of ecosystems as spontaneous orders generates a presumption against interfering with their natural functioning in a manner that results in anthropogenic species loss. Such a presumption will permit some interventions in nature while precluding others. Environmental ethics could potentially make valuable use of the spontaneous order idea, without necessarily endorsing its traditional application to markets. (shrink)

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 (...) one’s own goals. A second key question is in what sense, if any, the satisfaction of needs should take precedence over the satisfaction of wants. Those who reject the distinction between wants and needs can say only that some desires should be weighted more heavily than others. Those who endorse the distinction can say that, given certain ethical assumptions, it is wrong to frustrate one person’s needs in order to satisfy others’ mere wants. Thus, rejecting the distinction between wants and needs tends to justify less aggressive mitigation policies, in which satisfying the so-called “wants” of present generations compensates for frustrating the so-called “needs” of future generations. Endorsing the distinction between wants and needs, along with certain ethical assumptions, tends to justify more aggressive mitigation policies. Both positions are intellectually defensible; understanding them helps illuminate disagreements over mitigation policy. (shrink)

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 (...) will try to convince you that this is false. If all economic agents – managers, employees, bankers, consumers and so on – were purely self-interested, as mainstream economics assumes, our economic practice would fail. There are various reasons for this. Here we will focus on one of them, namely the pivotal role of interpersonal communication. (shrink)

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 (...) and passive types of both giving and receiving. I defend the controversial claim that there is at least one important sense (arguably the most important, for ethical purposes) in which it is not better to give than receive, but that in this sense precisely the opposite holds true. Indeed, the survival of the human race may depend on our willingness to receive. (shrink)

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. (...) On a more conceptual level, L’empire de la valeur. Refonder l’économie pushes these opposing positions to their extremes and clearly opts for the latter . Rejecting neoclassical frameworks for treating scarcity as a reality prior to exchange it holds that value results from a social process . As indicated by the book’s subtitle, this is not a minor operation. According to André Orléan, economist (Paris School of Economic .. (shrink)

The gap between economic rationality, as embedded in utility maximization, and ethical rationality, identified with a set of rules that prescribe the right course of action, has been a challenging issue for economists, philosophers, and business ethicists. Despite the difference and the noncompetition between a scientific economic approach of economics and business ethics, and a behavioral and philosophical one, we highlight the importance of the Aristotelian concept of prudence or phronesis applied to business activity. Phronesis allows for a conceptualization of (...) rationality that can be simultaneously applied to economics and ethics. It also allows conceiving the intrinsically ethical nature of economic rationality. This relationship requires an appropriate education and the intervention of the state. (shrink)

Scientific pluralism, a normative endorsement of the plurality or multiplicity of research approaches in science, has recently been advocated by several philosophers (e.g., Kellert et al. 2006, Kitcher 2001, Longino 2013, Mitchell 2009, and Chang 2010). Comparing these accounts of scientific pluralism, one will encounter quite some variation. We want to clarify the different interpretations of scientific pluralism by showing how they incarnate different models of democracy, stipulating the desired interaction among the plurality of research approaches in different ways. Furthermore, (...) the example of scientific pluralism is used to advocate the application of democratic theory to philosophy of science problems in general. Drawing on the parallels between models of science and models of democracy, we can articulate how the plurality of research approaches in science should interact within a democratic framework as well as how to cultivate multiple research approaches in the epistemically most productive way possible. This will not only improve our understanding of scientific plurality, but it can also help us stipulating how different research approaches should interact to constitute the most objective account possible or how the ideal of scientific consensus has to be understood. Ultimately, developing democratic models of science bears on the question of how deeply science and democracy are entwined. (shrink)

This volume provides an integrated and wide-ranging set of primary-source readings on the relationship between moral values and economic activity, as articulated by some of the leading figures in Western civilization.

The paper reconstructs the life and activity of the author of a famous novel for boys as well as of a textbook of arithmetic and of essays on educational issues, who was also the sister of a famous economist. The bulk of the paper is dedicated to Alfred Dudley, a novel for boys about wealth, status, speculation, poverty, manual work, emigration and the role of virtue in making a decent society possible. Also the author’s educational views are discussed, highlighting her (...) opposition to Benthamite programs and her proposal for an inter-denominational religious education, and arguing that her contributions to plans for a general education system were meant to respond to what had been Smith’s, Malthus’s, and perhaps also her brother’s question, namely, how may wealth and virtue go together? (shrink)

This book is a collection of specially commissioned chapters from philosophers, economists and political scientists, focusing on Adam Smith's two main works Theory of Moral Sentiments and Wealth of Nations. It examines the duality which manifests itself as an apparent contradiction: that is, how does one reconcile the view of human nature expounded in Theory of Moral Sentiments (sympathy and benevolence) and the view of human nature expounded in Wealth of Nations (self-interest)? New work by philosophers has uncovered the complex (...) and nuanced connections between Smith's account of economic and moral motivation. His economic theory has presented conceptual challenges: the famous 'invisible hand' has proved an elusive concept much in need of scrutiny. 'Prosperity' in the title captures the economic side of Smith's thought. 'Propriety' points to his ethics. In recent philosophical scholarship two major shifts have occurred. One is that the originality of Smith's moral theory has been rediscovered and recognised. His account of sympathy is significantly different from Hume's: his idea of the 'impartial spectator' is independent, rich and complex and he is alert to the phenomenon of self-deception. The second shift is that Smith's image as an economic liberal has been drastically revised, reclaiming him from current ideological use in defence of free markets and the minimal state. Smith links economics, politics and ethics through notions of justice and utility in subtle ways that make the labels 'economic liberal' and 'laissez-faire theorist' at best inadequate and at worst misleading. -/- This collection was put together with a view to bringing Smith to a mainstream philosophy audience while simultaneously informing Smith's traditional constituency (political economy) with philosophically finessed interpretations. (shrink)

ABSTRACT:This article considers the economic case for so-called sweatshop wages and working conditions. My goal is not to defend or reject the economic case for sweatshops. Instead, proceeding from a broadly pluralist understanding of value, I make and defend a number of claims concerning the ethical relevance of economic analysis for values that different agents utilize to evaluate sweatshops. My arguments give special attention to a series of recent articles by Benjamin Powell and Matt Zwolinski, which represent the latest and (...) best defense of the economic case for sweatshops. In the process, I challenge Zwolinski’s “non-worseness claim”, and the idea that opposition to sweatshop wages and working conditions fails to respect that the autonomy of would-be sweatshop workers. Ultimately, I conclude that even if the economic case for sweatshops rests on a solid empirical foundation, agents possess good reason to advocate for better wages and working conditions for sweatshop workers, and to prefer less exploitative or coercive relationships. Sweatshop labor undermines a compelling vision of free markets, according to both Kantian and republican conceptions of freedom, and the relationships formed by those who participate in such markets. (shrink)

This article considers the economic case for so-called sweatshop wages and working conditions. My goal is not to defend or reject the economic case for sweatshops. Instead, proceeding from a broadly pluralist understanding of value, I make and defend a number of claims concerning the ethical relevance of economic analysis for values that different agents utilize to evaluate sweatshops. My arguments give special attention to a series of recent articles by Benjamin Powell and Matt Zwolinski, which represent the latest and (...) best defense of the economic case for sweatshops. In the process, I challenge Zwolinski’s “non-worseness claim” , and the idea that opposition to sweatshop wages and working conditions fails to respect that the autonomy of would-be sweatshop workers. Ultimately, I conclude that even if the economic case for sweatshops rests on a solid empirical foundation, agents possess good reason to advocate for better wages and working conditions for sweatshop workers, and to prefer less exploitative or coercive relationships. Sweatshop labor undermines a compelling vision of free markets, according to both Kantian and republican conceptions of freedom, and the relationships formed by those who participate in such markets. (shrink)