Economic Ethics Bibliography: Ethical Studies P
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Adam Smith on Morality and Self- Interest*
Adam Smith on Morality and Self- Interest* Affiliation Erasmus Institute for Philosophy and Economics, Erasmus University Rotterdam Keywords Virtue Ethics, Capitalism, Sympathy, Impartial Spectator, Prudence, Justice, Benevolence, Self-Command, Invisible Hand Abstract Adam Smith is respected as the father of contemporary economics for his work on systemizing classical economics as an independent field of study in The Wealth of Nations. But he was also a significant moral philosopher of the Scottish Enlightenment, with its characteristic concern for integrating sentiments and rationality. This article considers Adam Smith as a key moral philosopher of commercial society whose critical reflection upon the particular ethical challenges posed by the new pressures and possibilities of commercial society remains relevant today. The discussion has three parts. First I address the artificial separation between self-interest and morality often attributed to Smith, in which his work on economics is stripped of its ethical context. Second I outline Smith’s ethical approach to economics, focusing on his vigorous but qualified defence of commercial society for its contributions to prosperity, justice, and freedom. Third I outline Smith’s moral philosophy proper as combining a naturalistic account of moral psychology with a virtue ethics based on propriety in commercial society. Introduction These days Adam Smith is most familiar to us as an economist, and specifically as the defender of the famous Invisible Hand of free-market economics, wherein the private self- interested actions of private individuals, mediated through free markets, generate results that are good for all. The market-system comprehends the true level of demand for any good and provides the appropriate incentives – profits – for producers to adjust their output to match. -
Utility, Ethics and Behavior
Journal of Academic and Business Ethics Utility, ethics and behavior Marcela Parada-Contzen Universidad de Concepcion-Chile Jose R. Parada-Daza Universidad de Concepcion-Chile ABSTRACT This essay has the following hypothesis as its foundation: a new function taking a more global perspective can be developed based on the analytical economic conception of utility. However, this new hypothesis/perspective considers that individuals are driven to act by economic as well as social, religious, ethical, and other reasons. Thus, the crux of this exposition is an analysis of the concept of utility and its application towards daily acts. The essay also deals with the philosophical aspects of utility and its paradoxes and analyzes utility from the perspective of a biological being. This analysis is broader and includes the simultaneous actions of an economic human and a complex human. Keyword: Utility function, Emotional well-being, wealth, ethics, “homo economicus”, weights. Utility, ethics and behavior, Page 1 Journal of Academic and Business Ethics INTRODUCTION The study of what motivates individual acts, especially regarding economic decisions, offers an intellectual challenge for the human sciences. In economics, this matter has been studied using a methodology of normative analysis known as the utility function, in which people seek to obtain the maximum degree of satisfaction. Herein, utility is what each person obtains from a certain level of wealth or consumption. For those not instructed in economics, this idea creates distrust and is blamed for generating a society of individualistic and insatiable beings. Grounds for both supporting and distrusting this approach have been given. The utility function is an intellectual device for explaining personal economic behavior. -
Social Fascism Revisited
Stefan Vogt. Nationaler Sozialismus und Soziale Demokratie: Die sozialdemokratische Junge Rechte 1918-1945. Bonn: Verlag J.H.W. Dietz Nachf., 2006. 502 S. gebunden, ISBN 978-3-8012-4161-2. Reviewed by Eric Kurlander Published on H-German (May, 2007) During the tumultuous fourteen years of the ed the chief bulwark against both communism Weimar Republic, members of the Communist and fascism. Indeed, leading socialist moderates, Party (KPD) regularly assailed their moderate So‐ sometimes referred to as the Junge Rechte, en‐ cial Democratic Party (SPD) colleagues with accu‐ dorsed "social market" capitalism, peaceful revi‐ sations of "social fascism." By allying with bour‐ sion of the Versailles Treaty, and a bourgeois al‐ geois parties in defense of a liberal democratic liance in defense of liberal democracy. Though state, the Communists argued, the SPD fomented they failed in staving off fascism, these historians nationalist revisionism, monopoly capitalism, argue," the "young Right" succeeded in paving the and--inevitably--fascism. Few western scholars way for the social liberalism of postwar ("Bad have accepted this critique in its entirety, but Godesberg") Social Democracy.[2] many have blamed the Majority Socialists' initial Stefan Vogt's new intellectual history rejects vacillation between Left and Right for the weak‐ this bourgeois revisionism out of hand, adding a ness and ultimate collapse of the Weimar Repub‐ new wrinkle to the "social fascist" paradigm of the lic. Rather than nationalizing heavy industry, 1930s. In Vogt's provocative reading of events, purging the monarchist bureaucracy, or breaking Weimar social democracy enabled fascism not up Junker estates, the SPD colluded with right- only in its hostility to the communist Left but in wing paramilitary groups in 1919 to suppress its ideological commitment to the radical Right. -
Die Dialektik Der Angewiesenheit
Lothar Böhnisch Die Dialektik der Angewiesenheit Edition Politik | Band 98 Die freie Verfügbarkeit der E-Book-Ausgabe dieser Publikation wurde ermöglicht durch den Fachinformationsdienst Politikwissenschaft POLLUX und ein Netzwerk wissenschaftlicher Bibliotheken zur Förderung von Open Access in den Sozial- und Geisteswissenschaften (transcript, Politikwissenschaft 2020) Die Publikation beachtet die Qualitätsstandards für die Open-Access-Publikation von Bü- chern (Nationaler Open-Access-Kontaktpunkt et al. 2018), Phase 1 https://oa2020-de.org/blog/2018/07/31/empfehlungen_qualitätsstandards_oabücher/ Universitätsbibliothek Bayreuth | Landesbibliothek | Universitätsbibliothek Universitätsbibliothek der Humboldt- Kassel | Universitäts- und Stadtbibliothek Universität zu Berlin | Staatsbibliothek Köln | Universität Konstanz, Kommuni- zu Berlin | Universitätsbibliothek FU kations-, Informations-, Medienzentrum Berlin | Universitätsbibliothek Bielefeld | Universitätsbibliothek Koblenz-Landau | (University of Bielefeld) | Universitäts- Universitätsbibliothek Leipzig | Zentral- u. bibliothek der Ruhr-Universität Bochum Hochschulbibliothek Luzern | Universitäts- | Universitäts- und Landesbibliothek | bibliothek Mainz | Universitätsbibliothek Sächsische Landesbibliothek - Staats- und Marburg | Ludwig-Maximilians-Universität Universitätsbibliothek Dresden | Universi- München Universitätsbibliothek | Max tätsbibliothek Duisburg-Essen | Univer- Planck Digital Library | Universitäts- und sitäts- u. Landesbibliothek Düsseldorf | Landesbibliothek Münster -
Adam Smith's Contribution to Business Ethics, Then And
1 Running head: Smith's contribution to business ethics, then and now Adam Smith’s Contribution to Business Ethics, Then and Now Michael Gonin University of Lausanne Geopolis - 5132 Quartier Dorigny 1015 Lausanne Switzerland [email protected] +41 21 692 36 79 accepted for publication in Journal of Business Ethics Acknowledgement: This paper has been developed while the author had a PostDoc position within the University Research Priority Program Ethics at the University of Zurich. The feedbacks provided in the business ethics brownbags led by Markus Huppenbauer, as well as the insightful remarks from Guido Palzzo at the University of Lausanne, were precious contributions toward the final version of this article. 2 ABSTRACT Smith defines the business enterprise primarily as the endeavor of an individual who remains fully embedded in the broader society and subject to its moral demands. For him, the conceptions of the local community and its normative framework, of the enterprise, and of the individuals within it need to be aligned with each other and developed together. Over time, four processes have however led to a widening gap between the business world and the local community. These are (1) the dissemination of the corporate model, (2) the transformation of the entrepreneurial role toward an agency role, (3) changes in the ownership structure, and (4) changes in the relation to the local community. This article presents Smith's integrative conception of business and its contributions to the development of integrative theories of organizations and of business-society relations in the 21st century. Among others, it discusses the necessity to develop a normative-relational dimension of organizations that addresses the relations between the organization, its members (e.g., owners and managers), and the normative framework of the local community. -
BEFORE the ORIGINAL POSITION the Neo-Orthodox Theology of the Young John Rawls
BEFORE THE ORIGINAL POSITION The Neo-Orthodox Theology of the Young John Rawls Eric Gregory ABSTRACT This paper examines a remarkable document that has escaped critical at- tention within the vast literature on John Rawls, religion, and liberalism: Rawls’s undergraduate thesis, “A Brief Inquiry into the Meaning of Sin and Faith: An Interpretation Based on the Concept of Community” (1942). The thesis shows the extent to which a once regnant version of Protestant the- ology has retreated into seminaries and divinity schools where it now also meets resistance. Ironically, the young Rawls rejected social contract liber- alism for reasons that anticipate many of the claims later made against him by secular and religious critics. The thesis and Rawls’s late unpublished remarks on religion and World War II offer a new dimension to his intellec- tual biography. They show the significance of his humanist response to the moral impossibility of political theology. Moreover, they also reveal a kind of Rawlsian piety marginalized by contemporary debates over religion and liberalism. KEY WORDS: John Rawls, community, liberalism, religion, political theology, public reason PROTESTANT THEOLOGIAN REINHOLD NIEBUHR DIED IN 1971. In that same year, philosopher John Rawls published his groundbreaking work, A The- ory of Justice. These two events symbolically express transformations in American intellectual and political culture that remain significant today. In the academy, religious defenders of a liberal consensus had been chal- lenged by ascendant secular liberalisms and emergent religious voices critical of liberalism of any kind. Parallel developments in the political culture had begun to see the fracturing of coalitions that transcended di- verse religious and secular commitments in order to support democratic institutions and practices. -
Realism, Responsibility, and the Good Lawyer: Niebuhrian Perspectives on Legal Ethics
Realism, Responsibility, and the Good Lawyer: Niebuhrian Perspectives on Legal Ethics Timothy l¥. Floyd * 1esus said to him, 'Why do you caU me good? No one is good but God aUr.n~'" ' - Luke 18:19. I. INTRODUCTION Is it morally permissible for a lawyer, when representing a client, to take actions that harm other persons or the common good? When criticized for such conduct, lawyers typically justify their actions by pointing to the professional rules that govern their conduct. Those rules rc:;quire lawyers to' represent clients zealously and diligently within the bounds of the law.l Most law yers believe this professional obligation requires them to help a client achieve any lawful objective, regardless of the effect on other persons or the public good. A lawyer who takes lawful ac tions to further a client's lawful interests need not fear profession al sanction for causing harm to others. Freedom from professional discipline, however, does not amount to moral justification. Over the past fifteen years. a re markable number of commentators, including several professional philosophers, have debated the morality of the lawyer's profession al duty of client loyalty. The debate is often phrased in terms of whether "a good lawyer can be a good person," a question posed by Charles Fried.2 Fried employed the metaphor of the "lawyer as friend." Arguing that persons are morally justified in preferring the interests of friends over other persons, Fried concluded that lawyers should be viewed as "special purpose friends.. " Accordingly, "it is not only legally but morally right that a lawyer adopt as his * Associate Professor of Law, Texas Tech Univc;rsio/. -
Faith and Politics: an Augustinian Reflection Anfaith Augustinian and Politics: Reflection an Augustinian Reflection Robin Lovin Robin Lovin Robin Lovin
AN OCCASIONAL PAPER AN OCCASIONAL PAPER VOLUME 29 VAON LUMEOCC A29SIONAL PAPER VOLUME 29 Faith and Politics: Faith and Politics: An Augustinian Reflection AnFaith Augustinian and Politics: Reflection An Augustinian Reflection Robin Lovin Robin Lovin Robin Lovin THE CARY M. MAGUIRE CENTER THE CARY M. MAGUIRE CENTER FOR ETHICS & PUBLIC RESPONSIBILITY THE CARY M. MAGUIRE CENTER FOR ETHICS & PUBLIC RESPONSIBILITY SOUTHERN METHODIST UNIVERSITY FOR ETHICS & PUBLIC RESPONSIBILITY SOUTHERN METHODIST UNIVERSITY DALLAS, TEXAS SOUTHERN METHODIST UNIVERSITY DALLAS, TEXAS DALLAS, TEXAS VOLUME 1 “The Private and Public Intellectual in the World and the Academy” James K. Hopkins VOLUME 2 “Managed Care: Some Basic Ethical Issues” James F. Childress Part of the Maguire Ethics Center’s mission is to “provide moral reflection VOLUME 3 “Journalism as a High Profession in Spite of Itself” William Lee Miller on contemporary issues.” Certainly, one of the more visible ways we do that VOLUME 4 “The New Media: The Internet, Democracy, Free Speech and the Richard O. Mason is by providing a venue for customary scholarly discourse for select SMU Management of Temperance” professors, and occasionally, visiting scholars. VOLUME 5 “Look, her lips’: Softness of Voice, Construction of Character in King Lear” Michael Holahan In ancient Athens, elders would provide an oral narration intended to pass VOLUME 6 “Pilgrimage and the Desire for Meaning” Bonnie Wheeler along the values, customs and beliefs from one generation to the next one. By the Renaissance, the practice transformed into written form through public VOLUME 7 “Politics as a Calling” Joseph L. Allen essays designed to be widely shared among community members. -
Last of the Schoolmen Natural Law and Social Justice in Karl Marx
chapter 8 Last of the Schoolmen Natural Law and Social Justice in Karl Marx George E. McCarthy In this essay, we will examine the influence of natural law theory on the early and later writings of Karl Marx in order to show the continuity between his nineteenth-century critical social theory and the classical and medieval tradi- tions. In his 1926 work, Religion and the Rise of Capitalism, Richard Tawney wrote in a relatively obscure and largely forgotten comment that Marx was the “last of the Schoolmen,”1 that is, last of the medieval natural law theorists fol- lowing in the footsteps from the twelfth to the fourteenth century of Pierre 1 Richard Tawney, Religion and the Rise of Capitalism (London: J. Murray, 1927). By character- izing Marx as the “last of the Schoolmen,” Tawney was referring to Thomas Aquinas’ labor theory of value and the continuity of traditions between Marx and neo-Aristotelian medieval Scholasticism. Tawney argued that Marx was the end of a long tradition of theorists that included the 13th-century theologian Thomas Aquinas, the 14th-century scholastic Henry of Langenstein, and the 16th-century Protestant reformer Martin Luther who made the point that the appropriate and “reasonable remuneration” of wages for a worker or merchant should be based on their labor and contribution to the common good. “The medieval theorist condemned as a sin precisely that effort to achieve a continuous and unlimited increase in material wealth which modern societies applaud as a quality, and the vices for which he reserved his most merciless denunciations were the more refined and subtle of the economic virtues” (pp. -
Political Theology After Reinhold Niebuhr and Emmanuel Levinas
religions Article When Liberalism Is Not Enough: Political Theology after Reinhold Niebuhr and Emmanuel Levinas J. Aaron Simmons 1,* and Kevin Carnahan 2 1 Department of Philosophy, Furman University, Greenville, SC 29613, USA 2 Department of Philosophy and Religion, Central Methodist University, Fayette, MO 65248, USA * Correspondence: [email protected] Received: 10 June 2019; Accepted: 12 July 2019; Published: 18 July 2019 Abstract: In this paper, we are interested in extending out the dialectical models of religious ethics and political theology that Reinhold Niebuhr and Emmanuel Levinas began by enacting a conversation between these two theorists. We do this by presenting and critically comparing Niebuhr’s and Levinas’s thought as concerns three key issues in moral and political theory: (1) the nature of persons, (2) the source and content of the moral ideal of love and the political ideal of justice, and (3) the impossibility and yet continued practical relevance of ideals for social life. Ultimately, we conclude that they mutually offer reasons to find hope in the face of political cynicism. Keywords: political theology; Emmanuel Levinas; Reinhold Niebuhr; postmodern ethics; liberalism; justice; love In 2007, Simon Critchley suggested that “we are living through a chronic re-theologization of politics” (Critchely 2007, p. 5). This “re-theologization” is occurring, he contends, because people are trying desperately to find some sort of meaning in a world threatened by “nihilism.” “In a word”, he provocatively states, “the institutions of secular liberal democracy simply do not sufficiently motivate their citizenry” (Critchely 2007, p. 7). He continues on to propose that “this motivational deficit is also a moral deficit, a lack at the heart of democratic life that is intimately bound up with the felt inadequacy of official secular conceptions of morality” (Critchely 2007, p. -
'Informed Consent'? Household Survey Ethics in Development Research
What do you mean by ‘informed consent’? Household survey ethics in development research Anna Josephson Melinda Smale Assistant Professor Faculty Member Dept. of Agricultural and Resource Economics Dept. of Ag., Food, and Resource Economics University of Arizona Michigan State University [email protected] [email protected] The ethical conduct of research depends on the informed consent of research participants. Across North America, Institutional Review Boards (IRBs) attempt to guarantee that ethical standards are met and that researchers are familiar with the process of obtaining informed consent. However, incongruities exist across regions, particularly in the developing world. In this paper, we consider informed consent, as practiced by agricultural and applied economists. We examine informed consent material on IRB websites of land grant universities in the United States, as well as at the centers of the CGIAR. We also undertake a survey of researchers at universities to evaluate actual practice of informed consent practices. IRB regulations are clear but heterogeneous, with some universities and CGIAR centers without any ethical review process. Standards often emphasize process, rather than outcome. The lack of IRBs in some contexts and the particulars of the principles employed may fail to protect research participants. JEL Codes: A11, B41, C83, Q10 Keywords: ethics, informed consent, institutional review board, household survey, role of economists Thanks to Doug Gollin, William Masters, Jeffrey Michler, and Frank Place. 1 1. Introduction The ethical conduct of research relies on the informed consent of research participants. As such, much effort goes to ensure informed consent is practiced in survey work. Across North America, Institutional Review Boards (IRB)1 guarantee that relevant expectations are followed and that researchers are familiar with the process of obtaining informed consent. -
Governmental Intervention and Its Impact on Growth, Economic Development, and Technology in OECD Countries
sustainability Article Governmental Intervention and Its Impact on Growth, Economic Development, and Technology in OECD Countries Arik Sadeh 1 , Claudia Florina Radu 2, Cristina Feniser 3 and Andrei Bor¸sa 4,* 1 HIT, Holon Institute of Technology, Faculty of Technology Management, Holon 5810201, Israel; [email protected] 2 Faculty of Economic Sciences, Informatics and Engineering, Vasile Goldi¸sWestern University of Arad, 310025 Arad, Romania; [email protected] 3 Department of Management and Economic Engineering, Technical University of Cluj Napoca, 28 Memorandumului St., 400114 Cluj-Napoca, Romania; [email protected] 4 Department of Engineering, Faculty of Food Science and Technology, University of Agricultural Sciences and Veterinary Medicine Cluj-Napoca, 400372 Cluj-Napoca, Romania * Correspondence: [email protected]; Tel.: +04-0740166493 Abstract: The governments’ intervention in the economy impacts technological performance and sustainability. This role has become even more critical due to the COVID-19 situation and in the context of the continuous increase in resource consumption, which requires finding alternative solutions. We provide a comprehensive literature review about the state’s economic functions, redistribution of resources in society, and the role of state intervention in sustainability-related issues, giving a full description of the opinions and concepts primarily of economists. We propose to study governments’ interventions in their economy using budgetary resources on public expenditure, highlighting the leading factors in government policies using a suggested intervention index. The state’s intervention policy’s stability is measured via the intervention index’s partial autocorrelation function over the years. We collected data from OECD data sets and conducted a descriptive statistical analysis followed by panel data analysis.