Economics and the virtues : building a new moral foundation, by Baker, Jennifer A.; White, Mark D

By Baker, Jennifer A.; White, Mark D

This quantity by means of best economists and philosophers explores the contributions that advantage ethics could make to economics. It presents old and sleek insights in either economics and philosophy and provides feedback for incorporating the ethics of advantage into economics to make it extra appropriate to ethical dilemmas on this planet outdoors the models.


A quantity by way of top economists and philosophers that explores the contributions that advantage ethics could make to economics. offers historic and glossy insights in either economics and philosophy and Read more...

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Extra resources for Economics and the virtues : building a new moral foundation, 1st Edition

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This is a matter of phronēsis. However, for the acquisition and generation of the means itself, other rational abilities are relevant. Aristotle mentions the important role of technê (know-how) in this regard. The good household manager must develop a rational ability for, and knowledge of, trade and production. Aristotle considers both trading and producing goods arts, and therefore the relevant rational ability for succeeding in both is technê, which is a rational ability to be trained over time and through experience in doing those activities.

3–43. Girts Racko, “On the Normative Consequences of Economic Rationality: A Case Study of a Swedish Economics School in Latvia,” European Sociological Review 27(2011): 772–89. For an encompassing survey of the literature on the influence of economic education on individual self-identity and behavior, see Simon Niklas Hellmich, “State of the Art: Are Economists Selfish and Rational? pdf>. Gary S. Becker, The Economic Approach to Human Behavior (Chicago: University of Chicago Press, 1976). 36 Christian U.

RECON SIDERING E CONOMIC THEORY AND ECONOMIC VIRTUES IN LIGHT OF ARISTO TLE There is no distinct theory or substantial research explicitly addressing the role of virtues for economic decisions and actions within mainstream economics. 24 Established economics considers economic actors as rational utility maximizers. 26 The origin, formation, justification, and content of preferences are not considered to be the subject matter of Aristotelian Virtue Ethics and Economic Rationality 19 economics. Rather, in economic theory, preferences are taken as given.

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