New book: Economics as Applied Ethics (Value Judgments in Welfare Economics)
December 11, 2010
Mark D. White
New from Palgrave is Wilfred Beckermam's Economics as Applied Ethics: Value Judgements in Welfare Economics, a detailed account of the intrinsically ethical nature of welfare economics, discussing the nature of preferences, utilitarianism, equality, happiness, and other important topics in the philosophy of normative economic analysis. Furthermore, it is written in a style appropriate for upper-level undergraduate and graduate students as well as professional economists; in this way, it may have wider appeal and impact than even Hausman and McPherson's essential survey Economic Analysis, Moral Philosophy and Public Policy and Little's classic A Critique of Welfare Economics.
And the endorsements are superlative (with one glaring exception, of course):
"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