Economic Analysis, Moral Philosophy and Public Policy - Softcover

Hausman, Daniel M.; McPherson, Michael S.

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9780521608664: Economic Analysis, Moral Philosophy and Public Policy

Softcover

ISBN 10: 052160866X ISBN 13: 9780521608664

Publisher: Cambridge University Press, 2006

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This 2006 book shows through accessible argument and numerous examples how understanding moral philosophy can improve economic analysis, how moral philosophy can benefit from economists' analytical tools, and how economic analysis and moral philosophy together can inform public policy. Part I explores rationality and its connections to morality. It argues that in defending their model of rationality, mainstream economists implicitly espouse contestable moral principles. Part II concerns welfare, utilitarianism and standard welfare economics, while Part III considers important moral notions that are left out of standard welfare economics, such as freedom, rights, equality, and justice. Part III also emphasizes the variety of moral considerations that are relevant to evaluating policies. Part IV then introduces technical work in social choice theory and game theory that is guided by ethical concepts and relevant to moral theorizing. Chapters include recommended readings and the book includes a glossary of relevant terms.

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Book Description:

Economic Analysis, Moral Philosophy and Public Policy, first published in 2006, shows through accessible argument and numerous examples how understanding moral philosophy can improve economic analysis, how moral philosophy can benefit from economists' analytical tools, and how economic analysis and moral philosophy together can inform public policy.

From the Back Cover:

Economic analysis and moral philosophy shows how understanding moral philosophy can improve economic analysis, and how moral philosophy can benefit by drawing on insights and analytical tools from economics.

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