Hegel Bulletin 33 (1):19-32 (2012)

Authors
Abstract
The Great Financial Crisis that broke in 2008 and the Great Recession that followed has led many to question the very structure of contemporary economies. Some argue that the economic model of the past forty years is now broken. Criticism has also been directed at the orthodoxies of economics. For example, neoclassical equilibrium economics, the mainstream economics of the day, is accused of failing to understand some of the most basic aspects of the modern economy, of supporting policies that have led to the economic breakdown, and of failing to see the crisis coming. Consequently, heterodox thinking in economics is getting a hearing as never before. Heterodox economics offers itself as the requisite radical reconstruction of the science of economics and also proposes policies for the radical reconstruction of the major economics.Yet to talk of the reconstruction of the modern market economy is at the same time to raise the ethical question: what shape ought the market economy to take? Heterodox economics may acutely analyse the inadequacies of real economies and propose plausible reforms, but as an essentially descriptive science there will be limits on its ability to state what ought to be. Rather, what is required seems to be a systematic prescriptive ethics. In other words, recent events in the world of economics have provided an opening for what ethical philosophy should be best at providing. Determining whether a specific ethical philosophy, to be identified shortly, has the capacity to address the questions raised by heterodox economics is the task of this paper.
Keywords No keywords specified (fix it)
Categories No categories specified
(categorize this paper)
DOI 10.1017/s0263523200000306
Options
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 62,448
External links

Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library

References found in this work BETA

Add more references

Citations of this work BETA

Add more citations

Similar books and articles

The Financialisation of Business Ethics.Stephen Dunne Armin Beverungen - 2013 - Business Ethics, the Environment and Responsibility 22 (1):102-117.
The Financialisation of Business Ethics.Armin Beverungen, Stephen Dunne & Casper Hoedemaekers - 2013 - Business Ethics, the Environment and Responsibility 22 (1):102-117.
2008 Financial Crisis and Islamic Finance: An Unrealized Opportunity.Fahad Al-Zumai & Mohammed Al-Wasmi - 2016 - International Journal for the Semiotics of Law - Revue Internationale de Sémiotique Juridique 29 (2):455-472.
The Perceptions of Ethical and Sustainable Leadership.Jack McCann & Matthew Sweet - 2014 - Journal of Business Ethics 121 (3):1-11.
The Corporate Psychopaths Theory of the Global Financial Crisis.Clive R. Boddy - 2011 - Journal of Business Ethics 102 (2):255-259.

Analytics

Added to PP index
2018-08-04

Total views
7 ( #1,034,862 of 2,446,170 )

Recent downloads (6 months)
1 ( #456,899 of 2,446,170 )

How can I increase my downloads?

Downloads

My notes