Economics, Ethics and the Market

Introduction and Applications

By Johan J. Graafland

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About the Book

The primary aim of the text is to introduce the reader to the relationship between economics and ethics and to the application of economic ethics in the evaluation of the market. The reader will gain insight into:

These insights will help to develop the reasoning and analytical skills needed to criticize economic analysis as well as to apply ethical concepts to moral issues in economic policy.

Table of Contents

1. Introduction 2. The Theory of Perfect Markets 3. Rationality 4. Self-Interest and Social Preferences 5. Status Goods, Non-Satiation and Happiness 6. Economics as an Inexact Science 7. Utilitarianism and Welfare Theory 8. The Ethics of Duties and Rights 9. The Ethics of Justice 10. Virtue Ethics and Care Ethics 11. Overview 12. Towards More Labour Market Participation of Parents? 13. Reforms of the Pension System and Solidarity 14. Cosmetic Surgery, Utility and Freedom 15. More Economic Freedom, Less Collective Rest? 16. Does ICT Foster Well Being? 17. Ethical Questions about Globalization 18. World Poverty and the Duty to Aid 19. Towards an Economics of Enough? 20. Concluding Remarks