Principles of Ethical Economy

Principles of Ethical Economy

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John Maynard Keynes wrote to his grandchildren more than fifty years ago about their economic possibilities, and thus about our own: "I see us free, there- fore, to return to some of the most sure and certain principles of religion and traditional virtue - that avarice is a vice, that the exaction of usury is a misde- meanour. . . . We shall once more value ends above means and prefer the good to the useful" ("Economic Possibilities for Our Grandchildren," pp. 371-72). In the year 1930 Keynes regarded these prospects as realizable only after a time span ofone hundred years, ofwhich we have now achieved more than half. The pres- ent book does not share Keynes's view that the possibility of an integration of ethics and economics is dependent exclusively on the state of economic devel- opment, though this integration is certainly made easier by an advantageous total economic situation. The conditions of an economy that is becoming post- of ethics, cultural industrial and post-modern are favorable for the unification theory, and economics. Economic development makes a new establishment of economic ethics and a theory ofethical economy necessary. Herdecke and Hanover, October 1987 P. K. TABLE OF CONTENTS Foreword v Introduction . 0. 1. Ethical Economy and Political Economy . . 0. 1. 1. Ethical Economy as Theory ofthe Ethical Presuppositions of the Economy and Economic Ethics 3 0. 1. 2.
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Product details

  • Hardback | 283 pages
  • 157.48 x 236.22 x 25.4mm | 521.63g
  • Dordrecht, Netherlands
  • English
  • 2001 ed.
  • X, 283 p.
  • 0792367138
  • 9780792367130
  • 2,331,530

Table of contents

Foreword. Introduction. 1. Economics, Ethics, and Religion: Positive Theory of the Coordination of Self-Interested Actions. 2. Economics and Ethics I: Formal Ethics. 3. Economics and Ethics II: Substantive Ethics. 4. Economics and Culture. 5. Economics, Ethics, and Decision Theory: The Problem of Controlling Side Effects. 6. Economics and Ontology. 7. Economic Ethics in the Market Economy. 8. Commutative Justice. 9. Just Price Theory. Conclusion: Morality and Efficiency. Bibliography. Index of Persons. Index of Subjects.
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