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|Material Type:||Conference publication|
|All Authors / Contributors:||
Francesco Farina; Frank Hahn; Stefano Vannucci
|Notes:||Papers presented at a conference held in Siena in 1991.|
|Description:||viii, 352 p. ; 24 cm.|
|Contents:||1. Some Economical Reflections on Ethics / Frank Hahn --
2. Morality and Incentives / John C. Harsanyi --
3. On Trade-Offs Between Values / Steven Lukes --
4. On the Foundations of Welfare Economics: Utility, Capability and Practical Reason / Amartya Sen --
5. Values, Reasons, and the Theory of Persuasion / Bernard Williams --
6. Economic Analysis and the Structure of Good: Transferring Utility Theory from Preferences to Betterness / John Broome --
7. Consequentialist Decision Theory and Utilitarian Ethics / Peter J. Hammond --
8. Stand Alone and Unanimity Tests: A Re-examination of Fair Division / Herve Moulin --
9. On a Mechanism for Implementing Egalitarianism with Responsibility / John E. Roemer --
10. Free-Riding Versus Rent-Sharing: Should Even David Gauthier Support An Unconditional Basic Income? / Philippe Van Parijs --
11. Social Preferences, Equity, and Non-Expected Utility Theory / Francesco Farina.
|Responsibility:||edited by Francesco Farina, Frank Hahn, and Stefano Vannucci.|
This book, the outcome of a joint workshop of economists and philosophers, offers an overview of the current academic debate on the connections between economics and ethics, ranging through three main themes: the moral standing of utilitarianism, the notion of fairness and equity and its formal treatment, and the coherence and scope of the rationality postulate underlying standard models of economic behaviour. In particular, the essays included in the volume provide a detailed analysis of disclosed contradictions and possible convergences between the prescriptions of rationality and the requirements of moral 'rightness', as viewed from several different, sometimes conflicting, perspectives. While the book points mainly to the need for a more rigorous appraisal of the moral underpinnings of economic discourse, it also highlights the open-ended nature of ethical reasoning.
There is much that economists, and especially welfare economists, can learn from these papers - not least circumspection.