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George Demartino - One of the best experts on this subject based on the ideXlab platform.
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the oxford handbook of professional Economic Ethics
Research Papers in Economics, 2016Co-Authors: George Demartino, Donald N MccloskeyAbstract:For over a century the Economics profession has extended its reach to encompass policy formation and institutional design while largely ignoring the ethical challenges that attend the profession's influence over the lives of others. Economists have proven to be disinterested in Ethics. Embracing emotivism, they often treat Ethics a matter of mere preference. Moreover, economists tend to be hostile to professional Economic Ethics, which they incorrectly equate with a code of conduct that would be at best ineffectual and at worst disruptive to good Economic practice. But good ethical reasoning is not reducible to mere tastes, and professional Ethics is not reducible to a code. Instead, professional Economic Ethics refers to a new field of investigation-a tradition of sustained and lively inquiry into the irrepressible ethical entailments of academic and applied Economic practice. The Oxford Handbook of Professional Economic Ethics explores a wide range of questions related to the nature of ethical Economic practice and the content of professional Economic Ethics. It explores current thinking that has emerged in these areas while widening substantially the terrain of Economic Ethics. There has never been a volume that poses so directly and intensively the question of the need for and content of professional Ethics for Economics. The Handbook incorporates the work of leading scholars and practitioners, including academic economists from various theoretical traditions; applied economists, beyond academia, whose work has direct and immense social impact; and philosophers, professional ethicists, and others whose work has addressed the nature of "professionalism " and its implications for ethical practice. Available in OSO: http://www.oxfordhandbooks.com/oso/public/content/oho_Economics/9780199766635/toc.html Contributors to this volume - Harold Alderman Peter J. Boettke Jessica Carrick-Hagenbarth Jingnan Chen Angelina Christie David Colander Herman Daly Jishnu Das John B. Davis Erwin Dekker George F. DeMartino Sheila C. Dow William Easterly David Ellerman Gerald Epstein Robert H. Frank Alan Freeman Robert F. Garnett, Jr. Des Gasper Rachel Glennerster Sven Ove Hansson Daniel Houser Ravi Kanbur Arjo Klamer David M. Levy Thomas Mayer Deirdre N. McCloskey Julie A. Nelson Robert H. Nelson Kyle W. O'Donnell Susan Offutt Sandra J. Peart Shawn Powers Vijayendra Rao Martin Ravallion Constantine Sandis Tomas Sedla?ek Joseph E. Stiglitz Nassim Nicholas Taleb Edward R. Teather-Posadas Dennis F. Thompson Robert J. Thornton Irene van Staveren Robert H. Wade John O. Ward Sharon D. Welch Jonathan B. Wight Bart J. Wilson Stephen T. Ziliak
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epistemic aspects of Economic practice and the need for professional Economic Ethics
Review of Social Economy, 2013Co-Authors: George DemartinoAbstract:This paper explores ethical burdens facing the Economics profession which are associated with epistemic features of Economic practice. Economists exert power over those they purport to serve by virtue of epistemic asymmetry between themselves and others, i.e., the intellectual monopoly they enjoy over a vitally important body of knowledge. But they also face the problem of epistemic insufficiency, which implies that they may do substantial harm as they try to do good. The paper explores the ethical entailments of the epistemic features of Economics, and argues that managing the ethical challenges requires a new field of inquiry, the field of professional Economic Ethics, and not just a code of conduct.
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professional Economic Ethics why heterodox economists should care
Economic Thought, 2013Co-Authors: George DemartinoAbstract:In presenting the case for professional Economic Ethics over the past two years, since the publication of The Economist's Oath, I've encountered more scepticism among heterodox economists on the left than from those on the right. Left-leaning economists argue inter aliathat the project to establish a field of professional Economic Ethics is naive, since economists are hardly to be dissuaded from doing wrong by the existence of a code of conduct; off target, since professional Ethics doesn't address the main failures of Economics and economists; and as a consequence of all that, that professional Economic Ethics is wrong-headed, at least for heterodox economists, since it deflects our attention away from the real problems in our profession. The left's scepticism regarding professional Economic Ethics, while not lacking merit, is mistaken in central respects. Not least, heterodox economists hold too narrow a view of the scope of professional Economic Ethics; and they tend to conflate the field with a code of conduct. Once we correct these errors, we come to see that heterodox economists should be at the forefront of the push for professional Ethics in Economics. The paper concludes by examining what professional Economic Ethics might imply for Economic pedagogy. Read the Open Peer Discussion on this paper » Read the discussion on this paper on the WEA's Ethics conference »
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professional Economic Ethics the posnerian and naive perspectives
Journal of Forensic Economics, 2013Co-Authors: George DemartinoAbstract:Abstract There are two broad ways to think about the nature and purpose of professional Economic Ethics. The first (The Posnerian View), which comes most readily to mind for economists, is ethical ...
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the economist s oath on the need for and content of professional Economic Ethics
2011Co-Authors: George DemartinoAbstract:1. "I Do Solemnly Swear" 2. Economics in Practice: What do Economists Do? 3. Ethical Challenges Confronting the Applied Economist 4. Historical Perspective: "Don't Predict the Interest Rate!" 5. Interpreting the Silence: The Economic Case against Professional Economic Ethics 6. The Economic Case against Professional Economic Ethics: A Rebuttal 7. The Positive Case for Professional Economic Ethics 8. Learning from Others: Ethical Thought Across the Professions 9. Economists as Social Engineers: An Ethical Evaluation of Market Liberalization in the South and Transition Economies 10. Global Economic Crisis and the Crisis in Economics 11. On Sleeping Too Well: In Search of Professional Economic Ethics 12. Training the 'Ethical Economist' 13. The Economist's Oath
Peter Ulrich - One of the best experts on this subject based on the ideXlab platform.
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integrative Economic Ethics foundations of a civilized market economy
2008Co-Authors: Peter UlrichAbstract:List of figures Preface Translator's note Introduction: orientation in Economic-ethical thinking Part I. Fundamental Concepts of Modern Ethics and the Approach of Integrative Economic Ethics: 1. The phenomenon of human morality: the normative logic of interpersonal relations 2. The moral point of view: philosophical developmental lines of rational Ethics 3. Morality and Economic rationality: integrative Economic Ethics as the rational Ethics of Economic activity Part II. Reflections on the Foundations of Economic Ethics I: A Critique of Economism: 4. 'Inherent necessity' of competition? A critique of Economic determinism 5. 'Morality' of the market? A critique of Economic reductionism Part III. Reflections on the Foundations of Economic Ethics II: Rational Economic Activity and the Lifeworld: 6. The question of meaning: Economic activity and the good life 7. The question of legitimation: Economic activity and the just social life Part IV. A Topology of Economic Ethics: The 'Sites' of Morality in Economic Life: 8. Economic citizens' Ethics 9. Regulatory Ethics 10. Corporate Ethics Bibliography Indexes.
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integrative wirtschaftsethik grundlagen einer lebensdienlichen okonomie
2001Co-Authors: Peter UlrichAbstract:Die seit Januar 2007 in der 3. Auflage vergriffene Integrative Wirtschaftsethik von Peter Ulrich erscheint nun in vollstandig neu bearbeiteter, erganzter und auch sprachlich durchgangig verfeinerter Auflage (Auslieferung seit 12.12.2007). Gelegenheit fur die umfassende Aktualisierung sowie ausgewahlte Erganzungen zu wichtigen jungsten Debatten bot die (aufgrund der stetig wachsenden internationalen Resonanz) unmittelbar zuvor erarbeitete englische Version, die unter dem Titel "Integrative Economic Ethics: Foundations of a Civilized Market Economy" im Februar 2008 bei Cambridge University Press erscheinen wird. Die deutsche Neuausgabe (2000 Expl.; insgesamt 8. und 9. Tausend) ubernimmt, wo sinnvoll, die Verbesserungen der englischen Ausgabe und geht teilweise auch uber sie hinaus. Bei total neuem Umbruch ist der Buchumfang auf ca. 558 Seiten angewachsen. Die Integrative Wirtschaftsethik hat sich zu einem der meistdiskutierten wirtschaftsethischen Ansatze entwickelt (vgl. u.a. die Debatte in der Zeitschrift "Ethik und Sozialwissenschaften", Heft 4/2000, erschienen im Januar 2001). Integrative Wirtschaftsethik ist eine philosophische Vernunftethik des Wirtschaftens, der es um Orientierung im politisch-okonomischen Denken geht. Speziell an diesem wirtschaftsethischen Ansatz ist, dass er sich weder mit der Verteidigung der «Moral des Marktes» noch mit der Rolle als «das Andere der okonomischen Sachlogik» begnugt. Das Normative steckt immer schon im okonomischen Denken. Dieses selbst ist daher kritisch auszuleuchten und in den Kontext der Fragen des guten Lebens und des gerechten Zusammenlebens der Menschen zu stellen. Entfaltet wird eine wegweisende Perspektive der lebensdienlichen Wirtschaftsgestaltung. Integrative Wirtschaftsethik umfasst, nach der Begrundung des vernunftethischen Standpunkts, drei Grundaufgaben: - die Kritik der «reinen» okonomischen Vernunft und ihrer normativen Uberhohung zum Okonomismus (Sachzwangdenken und blinder Glaube an den globalen Markt); - die Klarung der ethischen Gesichtspunkte einer lebensdienlichen Okonomie (Sinnorientierung und Legitimitatsgrundlagen des wirtschaftlichen «Werteschaffens»); - die Bestimmung der «Orte» der Moral des Wirtschaftens in einer wohlgeordneten Gesellschaft freier Burger (Wirtschaftsburgerethik, Ordnungsethik, Unternehmensethik). Zwei exemplarische Fachurteile: "Das Werk besticht durch die auf hohem Niveau gefuhrte Diskussion von Problemen im Schnittstellenbereich von Ethik und Wirtschaft. Besonders hervorzuheben sind die Uberzeugungskraft und gedankliche Stringenz des Ansatzes: ein gescheites, wichtiges, den interessierten Leser herausforderndes Buch." -- Prof.em. Dr. Hartmut Kreikebaum, Die Zeit, Nr. 23, 28. Mai 1998. "Peter Ulrich's book, Integrative Economic Ethics, is most timely and prescient. The field of Economics has sometimes imagined itself as a science governed by pure rationality. Yet Economics has to do with human relationships that create, sustain, or destroy markets. As such, Economics is inherently normative. Ulrich's focus on Economic Ethics addresses this concept critically and directly. This book firmly closes the alleged gap between Economics and Ethics by questioning that separation in the literature and by presenting sustained arguments for the concept of Economic Ethics.'" -- Prof. Dr. Patricia Werhane, Ruffin Professor of Business Ethics, Darden Graduate School of Business Administration, University of Virginia, zur englischen Ausgabe "Integrative Economic Ethics: Foundations of a Civilized Market Economy", Cambridge University Press 2008. Weitere Pressestimmen sowie zahlreiche Rezensionen finden sich unter http://www.iwe.unisg.ch/org/iwe/web.nsf/wwwPubLiteraturTyp/346F4116958E5D7DC12569AB00709A35
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integrative Economic Ethics towards a conception of socio Economic rationality
2000Co-Authors: Peter UlrichAbstract:Economic Ethics may be seen as the other Economics: an Economic science which takes its point of departure from the practical questions of overall Economic life, whereas neo-classical Economics only deals with the functional logic of the Economic (market) system. The latter represents today’s mainstream Economics; it claims to develop a “pure” , i.e. valuefree theory explicating nothing else than the logic of interactions between individuals modelled upon the homo oEconomicus assumption. The result is the generalised logic of equally advantageous exchange between mutually unconcerned individuals in all spheres of society, in politics as well as in the market.1 The strictly self-interested and mutually unconcerned individuals as modelled in “pure” Economic system’s theory do not need to know anything about the ethical dimension of human interactions, of course, since that theory pursues the strange ideal of a society that “works” as nothing but a system of well-ordered egoism; this is the “ideal” of a society that does not demand any moral virtues from its citizens so that the only virtue needed is that of maximising private advantage, profit or success.2
Bernhard Emunds - One of the best experts on this subject based on the ideXlab platform.
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the integration of developing countries into international financial markets remarks from the perspective of an Economic Ethics
Business Ethics Quarterly, 2003Co-Authors: Bernhard EmundsAbstract:In this paper the coFresponsibility of the North for the de- velopment of the South, the chance of an authentic development and Rawls's maximin rule are indicated as the ethical perspectives from which the financial integration of developing countries will be evaluated. It follows a brief Economic analysis of possible problems of high inflows of portfolio investments for developing countries They become more vulnerable to financial and monetary crises and their domestic banking systems are weakened by a higher risk of devalu- ation. This will lead to an outline of the goals for reshaping the financial integration: among others limitation of capital inflows, strengthening of the domestic banking system and further develop- ment of the country's particular Economic style. Finally some regulations of external financial relations and the proposal of a co- operative monetary arrangement between the South and the North are discussed as possible measures to improve this integration. tn 1997/98 the Asian Crisis significantly worsened the living conditions of l millions of people in East Asia. It was also a cause of major irritation for two influential communities the world's investment bankers as well as development theoreticians and politicians, who had proudly regarded these countries as their "teacher's pets." Until then, the East Asian countries' long-term performance in growth, inflation, and budget deficits had been excellent, making it possible for them to attract significant financial capital from industrial countries. At the same time they had also been highly successful in their efforts to overcome poverty. But now it became apparent that these countries, long admired as the "Asian Miracle," had deep problems such as cronyism-which usually are associated with developing countries whose economies show very poor performance. It was not just these internal problems that were surprising but also the char- acter of the crisis: The countries primarily affected by the Asian Crisis did not have deep and long-lasting deficits in their current account balance. Because both inflation and budgets had been under control, the main cause of the crisis appeared to be financial, involving serious problems of the national financial
C Luetge - One of the best experts on this subject based on the ideXlab platform.
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Economic Ethics overview
Encyclopedia of Applied Ethics (Second Edition), 2012Co-Authors: C LuetgeAbstract:Economic Ethics can be defined in two ways: First, in a broader sense, it analyzes the justification and the conditions of implementation for ethical norms in the economy. This article gives overviews of both the historical development of Economic Ethics and the main theoretical approaches in this field: virtue Ethics, discourse Ethics, and contractarian Ethics. Second, in a narrower sense, Economic Ethics discusses ethical problems in areas quite different from the domain of business, using methods and results from Economics. Economics, according to this view, holds inherent lessons for Ethics, in particular, concerning the role of competition and the law.
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Economic Ethics business Ethics and the idea of mutual advantages
Social Science Research Network, 2005Co-Authors: C LuetgeAbstract:Many traditional conceptions of Ethics use categories and arguments that have been developed under conditions of pre-modern societies and are not useful in the age of globalisation anymore. I argue that we need an Economic Ethics which employs Economics as a key theoretical resource and which focuses on institutions for implementing moral norms. This conception is then elaborated further in the area of business Ethics. It is illustrated in the case for banning child labour. 1 Economic Ethics – Introduction In the global society, the economy is playing a dominant role. After the downfall of communism, a globalised market has emerged that extends across nearly all countries and regions. But, in theoretical discussions as well as in public opinion, the role of the economy is often in doubt. This is especially the case in Ethics: On the one hand, there are those who see the capitalist market economy as the key to promotion of ethical ideals like peace and prosperity. On the other hand, there are many others who believe this market economy to be a major threat to national and international solidarity, to cultural pluralism, and to a sense of community. Who is right? This problem might be discussed in different ways. The task of a philosopher, I think, lies in questioning whether the categories and arguments used in this discussion are adequate: We might be stuck with categories and arguments that were fit to answer the problems of a different time or era or of a different problem situation. And if we are using inadequate, ill-adapted, categories, we cannot realistically hope to solve the problems at hand: We will run into insoluble 1 N. Bowie (1999: 13) states that “the general public judges business from a strict Kantian position” that categorically separates business from Ethics.
Katherine Gibson - One of the best experts on this subject based on the ideXlab platform.
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an Economic Ethics for the anthropocene
Antipode, 2010Co-Authors: Katherine Gibson, Julie Graham, Gerda RoelvinkAbstract:Over Antipode's 40 years our role as academics has dramatically changed. We have been pushed to adopt the stance of experimental researchers open to what can be learned from current events and to recognize our role in bringing new realities into being. Faced with the daunting prospect of global warming and the apparent stalemate in the formal political sphere, this essay explores how human beings are transformed by, and transformative of, the world in which we find ourselves. We place the hybrid research collective at the center of transformative change. Drawing on the sociology of science we frame research as a process of learning involving a collective of human and more-than-human actants—a process of co- transformation that re/constitutes the world. From this vision of how things change, the essay begins to develop an "Economic Ethics for the Anthropocene", documenting ethical practices of economy that involve the being-in-common of humans and the more-than-human world. We hope to stimulate academic interest in expanding and multiplying hybrid research collectives that participate in changing worlds.
