The morality of economic behaviour : economics as ethics / Vangelis Chiotis.
Material type: TextSeries: Routledge inem advances in economic methodologyPublisher: New York : Routledge, 2020Edition: 1 EditionDescription: pages cmContent type: text Media type: unmediated Carrier type: volumeISBN: 9780815347736Subject(s): Economics -- Moral and ethical aspects | Ethics -- Economic aspects | Rational choice theoryAdditional physical formats: Online version:: The morality of economic behaviourDDC classification: 174.4 CHI LOC classification: HB72 | .C465 2020Item type | Current location | Call number | Status | Date due | Barcode |
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BOOK | Bangaluru Dr. B.R. Ambedkar School of Economics | 174.4 CHI (Browse shelf) | Available | 002448 |
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174.4 BUC - 3 Ethics, efficiency, and the market / | 174.4 CHA - 1 Ethics in Management | 174.4 CHA - 3 Ethics in Management | 174.4 CHI The morality of economic behaviour : economics as ethics / | 174.4 CRA Business Ethics / | 174.4 DEM The Oxford handbook of professional economic ethics / | 174.4 FER Business Ethics & Corporate Governance / |
Includes bibliographical references and index.
Contents
Chapter 1 - Introduction
Chapter 2 - Rational Morality in Economics
Chapter 3 - Moral Economics: Constrained Maximisation
Chapter 4 - Sociability
Chapter 5 - Intertemporality
Chapter 6 - Information Symmetry
Chapter 7 - Ethics, Justice and Profit.
"The links between self-interest and morality have been examined in moral philosophy since Plato. Economics is a mostly value-free discipline, having lost its original ethical dimension as described by Adam Smith. Examining moral philosophy through the framework provided by economics offers new insights into both disciplines and the discussion on the origins and nature of morality. The Morality of Economic Behaviour: Economics as Ethics argues that moral behaviour does not need to be exogenously encouraged or enforced because morality is a side effect of interactions between self-interested agents. The argument relies on two important parameters: behaviour in a social environment and the effects of intertemporal choice on rational behaviour. Considering social structures and repeated interactions on rational maximisation allows an argument for the morality of economic behaviour. Amoral agents interacting within society can reach moral outcomes. Thus, economics becomes a synthesis of moral and rational choice theory bypassing the problems of ethics in economic behaviour whilst promoting moral behaviour and ethical outcomes. This approach sheds new light on practical issues such as economic policy, business ethics and social responsibility. This book is of interest primarily to students of politics, economics and philosophy but will also appeal to anyone who is interested in morality and ethics, and their relationship with self-interest"-- Provided by publisher.
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