It’s finally out! The book you’ve all been waiting for….
Economists can better understand the world, and provide better policy advice, when they place economic analysis within a wider moral lens.
The book explores the hidden ethics behind the standard measure of efficiency, the 2008 economic crisis, Adam Smith's moral sentiments, the moral limits to markets, the ethics of inequality, and other topics. http://www.sup.org/books/title/?id=24196.
The analysis is motivated by the concept of ethical pluralism—the recognition that different ethical systems have appropriate applications and drawbacks. Working in combination, ethical systems can restrain opportunism in the presence of moral hazards. Kenneth Arrow noted that, “The multiplicity of control systems in the real world is probably no accident.”
Considering a wider ethical lens for positive and normative analysis can lead to a richer understanding of human behavior and to better policy decisions. This book is ideal for undergraduates or general interest readers.
“This book is highly dialogic, bringing students (and faculty) into core debates and resolving them. It is a triumph." —Deirdre McCloskey
“In this impressive book, Wight draws on sources that range from classical theorists to the very latest neuroscience in order to deftly integrate common moral concerns into an enhanced economics for the twenty-first century. This fast-paced read is a must for economists, policy analysts, and their students."—Paul J. Zak
"Ethics in Economics is a superb resource for economists and students of economics. It provides a great introduction to the multiple frameworks that influence the ethical thinking of policy-makers, economists, and the human agents who, in their day-to-day interactions, make economies function and malfunction." —Daniel M. Hausman
T0 Order an Exam Copy, go to: http://tinyurl.com/ethics-in-economics