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This textbook applies economic ethics to evaluate the free market system and enables students to examine the impact of free markets using the three main ethical approaches: utilitarianism, principle-based ethics and virtue ethics. Ethics and Economics systematically links empirical research to these ethical questions, with a focus on the core topics of happiness, inequality and virtues. Each chapter offers a recommended further reading list. The final chapter provides a practical method for applying the different ethical approaches to morally evaluate an economic policy proposal and an example of the methodology being applied to a real-life policy. This book will give students a clear theoretical and methodological toolkit for analyzing the ethics of market policies, making it a valuable resource for courses on economic ethics and economic philosophy. The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non-Commercial (CC-BY-NC) 4.0 license.
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Keywords
- Average Income
- Capitalistic Justice
- care ethics
- Confer
- Deontological Ethical Theory
- Doux Commerce
- Doux Commerce Thesis
- economic freedom
- Economic Freedom Indicators
- Economic Theory & Philosophy
- Economics
- Economics, finance, business & management
- Ethics & moral philosophy
- Flat Tax System
- Fraser Institute
- Free Market Institutions
- Free Market Perspective
- Free Market System
- good life
- HDI
- Humanities
- Keynes
- life satisfaction
- Negative Rights
- Negatively Related
- Perfect Duties
- Philosophy
- Political Economy
- Societal Happiness
- Sum Ranking
- Violated
- virtue ethics
Links
DOI: 10.4324/9781003181835Editions