Laurent Dobuzinskis
Moral Discourse in the History of Economic Thought
Moral Discourse in the History of Economic Thought
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This book explores the extent to which economic ideas are rooted in moral values, adopting a pragmatism approach to address key questions such as property rights, business cycle stabilization, and government policy-making. It argues that economic thought has evolved from an emphasis on sympathy to a rediscovery of fair reciprocity in the wake of behavioural economics and evolutionary psychology.
Format: Paperback / softback
Length: 316 pages
Publication date: 29 January 2024
Publisher: Taylor & Francis Ltd
Providing a comprehensive account of the evolution of economic thought, this insightful work delves into the profound connection between economic ideas and moral values. Adopting a pragmatic approach, the book explores fundamental questions that have been pondered by economists since the classical political economists. These include: determining the appropriate level of priority to accord to property rights among all individual liberties; assessing whether uncertainties in economic life warrant granting political authorities the power to stabilize business cycles; and debating whether it is more advisable to trust entrepreneurial initiatives to address societal challenges or to centralize policy-making in the hands of a benevolent government. The chapters compellingly argue that economic thought has undergone a significant transformation, moving away from an exclusive emphasis on sympathy (as defined by Adam Smith) and towards a renewed recognition of the significance of sympathy, reimagined as fair reciprocity in the context of the emergence of behavioral economics and its profound connection to evolutionary psychology.
This seminal book holds immense appeal to scholars and enthusiasts in the fields of history of ideas, political and moral philosophy, and political economy. It offers a rich and thought-provoking exploration of the interplay between economic principles and ethical considerations, shedding light on the dynamic and evolving nature of economic thought throughout history.
Weight: 600g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032106120
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