Economics and Ethics

1. Front Matter

   Pages i-x

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2. Introduction and Background

   1. Front Matter

      Pages 1-1

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   2. Introduction

      • Amitava Krishna Dutt, Charles K. Wilber

      Pages 3-16

   3. Economics Without Ethics?

      • Amitava Krishna Dutt, Charles K. Wilber

      Pages 17-34

   4. Approaches to Ethics and Justice

      • Amitava Krishna Dutt, Charles K. Wilber

      Pages 35-55

3. Ethical Values, Individual Behavior, and Social Interactions

   1. Front Matter

      Pages 57-57

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   2. Individuals, Norms, and Ethical Values

      • Amitava Krishna Dutt, Charles K. Wilber

      Pages 59-78

   3. Social Interactions and Ethical Values

      • Amitava Krishna Dutt, Charles K. Wilber

      Pages 79-94

   4. Markets and Ethical Values

      • Amitava Krishna Dutt, Charles K. Wilber

      Pages 95-114

4. Ethical Issues for Evaluating Economies and Economic Policy Analysis

   1. Front Matter

      Pages 115-115

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   2. The Morality of Markets and Government Intervention

      • Amitava Krishna Dutt, Charles K. Wilber

      Pages 117-140

   3. Individual Preferences, Efficiency, and Cost-Benefit Analysis

      • Amitava Krishna Dutt, Charles K. Wilber

      Pages 141-157

   4. Production, Income, and Economic Growth

      • Amitava Krishna Dutt, Charles K. Wilber

      Pages 158-174

   5. Fairness, Distribution, and Equality

      • Amitava Krishna Dutt, Charles K. Wilber

      Pages 175-201

5. Applications and Conclusion

   1. Front Matter

      Pages 203-203

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   2. Ethics and Applied Economics

      • Amitava Krishna Dutt, Charles K. Wilber

      Pages 205-229

   3. Conclusion

      • Amitava Krishna Dutt, Charles K. Wilber

      Pages 230-234

6. Back Matter

   Pages 235-269

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This book provides an introduction to the relationship between economics and ethics, explaining why ethics enters economics, how ethics affects individual economic behaviour and the interactions of individuals, and how ethics is important in evaluating the performance of economies and of economic policies.

• economic policy
• economics
• efficiency
• ethics
• growth
• production

"Within its chosen frame of reference the authors have made a substantial contribution." - Economic & Political Weekly

"Dutt and Wilber provide a compact yet comprehensive introduction to economics and ethics that thoroughly engages neoclassical economics, distinguishes different approaches to ethics, and discusses such fundamental issues as justice and equality. This is an excellent book, and is highly recommended for teaching and as a resource for scholars." - John B. Davis, Marquette University and University of Amsterdam

''This is a good and helpful introduction to the normative dimensions of economic theory and policy.'' - Albino Barrera, Providence College

'Wilber and Dutt bring a wealth of knowledge and humanity to the task of revitalizing the art of economics. This book provides a nuanced and timely account of the importance of ethics to our understanding of economics and public policies. The reader is in thoughtful and trustworthy hands.' - Jonathan B. Wight, Professor of Economics at the University of Richmond

Amitava Krishna Dutt is Professor of Economics and Fellow of the Kellogg Institute of International Studies and the Kroc Institute of International Peace Studies. He is the author or editor of several books, including Growth, distribution and uneven development (1990) and International Handbook of Development Economics (2008, co-editor) and numerous scholarly economics journals and edited volumes.

Charles K. Wilber is Professor Emeritus of Economics and Fellow, Joan B. Kroc Institute for International Peace Studies, University of Notre Dame, USA. He has written extensively on economic development, economic methodology, and economic ethics. His books include The Soviet Model and Underdeveloped Countries, An Inquiry into the Poverty of Economics, and Economics, Ethics and Public Policy (ed.).

Policies and ethics