Economics as Applied Ethics: Value Judgements in Welfare Economics

Perfect | January 15, 2011

byWilfred Beckerman

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The focus of this textbook is on the link between ethics and economic policy analysis. Basic philosophical concepts are systematically described, followed by conventional welfare economic theory and policy, and applications to some topical economic problems such as income distribution and sustainable development. 

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The focus of this textbook is on the link between ethics and economic policy analysis. Basic philosophical concepts are systematically described, followed by conventional welfare economic theory and policy, and applications to some topical economic problems such as income distribution and sustainable development. 

WILFRED BECKERMAN Visiting Professor of Economics, University College London, UK; and Emeritus Fellow of Balliol College, Oxford.

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Format:PerfectDimensions:269 pages, 9.2 × 6.2 × 0.9 inPublished:January 15, 2011Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230278361

ISBN - 13:9780230278363

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Table of Contents

Introduction
Fact or Value? A Simple Example: Sustainable Development and the Discount Rate
Positive Propositions and Value Judgements
Fact and Value in Welfare Economics
From Individuals' Choices to Their Welfare
Pareto Optimality and the Social Welfare Function
From Individuals' Welfare to Social Welfare
Utilitarianism in Welfare Economics
Critics of Utilitarianism
GDP and Friends 
Happiness
Why Equality?
Equality of What? 
The Boundary of Society: The Boundary in Space
The Boundary of Society: The Boundary in Time
The Discount Rate
Valuing Life
Overview: Value Judgements in Welfare Economics
Bibliography

Editorial Reviews

"This book is witty and wise, and a delight to read. It will enlighten economists – both students and teachers – and will encourage non-economists skeptical of the subject's ability to contribute to human welfare to think again." --Wendy Carlin, Professor of Economics, University College London "As more people are starting to realize, economics without ethics is dangerous, and ethics without economics is foolish. This very timely book explains why these two perspectives can and must be combined."-- Mark D. White, Professor in Political Science, Economics, and Philosophy, College of Staten Island/CUNY & author of 'Kantian Ethics and Economics: Autonomy, Dignity, and Character'     "Wifred Beckerman's Economics as Applied Ethics: Value Judgements in Welfare Economics elucidates many of the important ethical questions that are almost always suppressed in both mainstream economics teaching texts and advanced scholarship. The book provides a productive blending of abstract theoretical discussion with applications that focus on contemporary policy debates. It should therefore appeal both to students who are excited by and seek deeper understanding of abstract ideas, and those who are impatient with abstract debate and want to see just how these ideas matter concretely in policy making."--George DeMartino, Professor and Co-director of the MA program in Global Finance, Trade and Economic Integration, University of Denver