Risk and Asymmetry in Development Ethics

African Journal of Business Ethics 14 (1):23-41 (2020)
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Abstract

Risk is implicit in economic development. When does a course of economic development ethically balance risk and likely benefit? This paper examines the view of risk we find in Amartya Sen’s work on development. It shows that Sen’s capabilities approach leads to a more sensitive understanding of risk than traditional utility theory. Sen’s approach also supplies the basis of an argument for risk aversion in interventions that affect economic development. Sen’s approach describes development as aiming at freedom. The paper shows how this claim can be made compatible with the social and relational basis of African communitarianism.

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References found in this work

What We Owe to Each Other.Thomas Scanlon - 1998 - Belknap Press of Harvard University Press.
The Idea of Justice.Amartya Kumar Sen - 2009 - Belknap Press of Harvard University Press.
What We Owe to Each Other.Thomas Scanlon - 2002 - Mind 111 (442):323-354.
A Treatise of Human Nature.David Hume & A. D. Lindsay - 1958 - Philosophical Quarterly 8 (33):379-380.
Transformative Experience.Laurie Ann Paul - 2014 - Oxford University Press.

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