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We are law professors at the Hebrew University of Jerusalem. Eyal Zamir is interested in the intersections of law, economics, ethics, and psychology. In addition to theoretical studies of these issues, he engages in experimental legal studies, as well. Barak Medina studies constitutional law, human rights, and economic analysis of law. He is interested in constitutional interpretation and the interaction between common-sense morality, public opinion and adjudication.
The book provides an excellent introduction to the philosophical foundations of economic analysis as a normative theory of human behavior and as a tool for public policy making.
It lucidly explains and criticizes the building blocks of welfare economics – the normative branch of economic analysis.
This book shows through argument and numerous policy-related 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 the idea of rationality and its connections to ethics, arguing that when they defend their formal model of rationality, most economists implicitly espouse contestable moral principles. Part II addresses the nature and measurement of welfare, utilitarianism and cost-benefit analysis. Part III discusses freedom, rights, equality, and justice - moral notions that are relevant to evaluating policies, but which have…
We are law professors at the Hebrew University of Jerusalem. Eyal Zamir is interested in the intersections of law, economics, ethics, and psychology. In addition to theoretical studies of these issues, he engages in experimental legal studies, as well. Barak Medina studies constitutional law, human rights, and economic analysis of law. He is interested in constitutional interpretation and the interaction between common-sense morality, public opinion and adjudication.
In the past fifty years, economic analysis has contributed immensely to legal theory – in fact, it transformed the way legal scholars think about law, primarily in North America but increasingly around the globe.
In this book, one of the founding fathers of this school of thought takes stock of the contributions, limitations, and possible routes to advance law and economics.
Specifically, Calabresi tackles the normative shortcomings of economic analysis as a normative theory, considers ways to overcome these challenges, and highlights the ways in which law and legal thinking can contribute to positive and normative economic analysis.
In a concise, compelling argument, one of the founders and most influential advocates of the law and economics movement divides the subject into two separate areas, which he identifies with Jeremy Bentham and John Stuart Mill. The first, Benthamite, strain, "economic analysis of law," examines the legal system in the light of economic theory and shows how economics might render law more effective. The second strain, law and economics, gives equal status to law, and explores how the more realistic, less theoretical discipline of law can lead to improvements in economic theory. It is the latter approach that Judge Calabresi…
We are law professors at the Hebrew University of Jerusalem. Eyal Zamir is interested in the intersections of law, economics, ethics, and psychology. In addition to theoretical studies of these issues, he engages in experimental legal studies, as well. Barak Medina studies constitutional law, human rights, and economic analysis of law. He is interested in constitutional interpretation and the interaction between common-sense morality, public opinion and adjudication.
One of the world’s leading microeconomic scholars presents in this fascinating book brilliant insights about economic theory and its role in public policy.
Rubinstein challenges several central tenets of game theory, and sheds light on the role economics can and should play in society at large. The book presents economic theory through a series of fables.
The stories provide the basic insights of economics, but also enables us to critically evaluate the effect of implicit assumptions on the predictive power of economic theory and its moral implications.
"I had the good fortune to grow up in a wonderful area of Jerusalem, surrounded by a diverse range of people: Rabbi Meizel, the communist Sala Marcel, my widowed Aunt Hannah, and the intellectual Yaacovson. As far as I'm concerned, the opinion of such people is just as authoritative for making social and economic decisions as the opinion of an expert using a model." Part memoir, part crash-course in economic theory, this deeply engaging book by one of the world's foremost economists looks at economic ideas through a personal lens. Together with an introduction to some of the central concepts…
We are law professors at the Hebrew University of Jerusalem. Eyal Zamir is interested in the intersections of law, economics, ethics, and psychology. In addition to theoretical studies of these issues, he engages in experimental legal studies, as well. Barak Medina studies constitutional law, human rights, and economic analysis of law. He is interested in constitutional interpretation and the interaction between common-sense morality, public opinion and adjudication.
This collection of essays by some of the leading contemporary scholars in ethics and in economics provides both critical surveys of the various interactions between these two bodies of thought and original suggestions for future advancements in this important intersection.
The collection includes both general and theoretical inquiries and more specific applications. It may be of interest both to academics (scholars and students) and to policymakers and laypersons.
Economics and ethics are both valuable tools for analyzing the behavior and actions of human beings and institutions. Adam Smith, the father of modern economics, considered them two sides of the same coin, but since economics was formalized and mathematicised in the late 1800s and early 1900s, the fields have largely followed separate paths.
The Oxford Handbook of Ethics and Economics provides a timely and thorough survey of the various ways ethics can, does, and should inform economic theory and practice. The first part of the book, Foundations, explores how the most prominent schools of moral philosophy relate to economics;…
Robin Attfield and Barry Wilkins are retired members of the Philosophy staff of Cardiff University, where they individually and jointly taught undergraduate courses in Philosophy and History of Ideas, and magistral courses in Social Ethics. They also supervised doctoral students in fields including development ethics; former students of theirs hold professorships in places ranging from Los Angeles to Addis Ababa and to Jahangirnagar (Bangladesh). Robin Attfield is currently completing his twentieth published book; several of his books have concerned our international responsibilities. From 1990 they became aware of a serious gap in the philosophical literature with regard to international development, and managed through their joint book to begin plugging it.
Barry was impressed by the force of Des Gasper's argument that under the influence of economic theory the development of the poor countries of the global south is often conceived far too narrowly.
Gasper argues instead for the relevance of development ethics in exploring what social provisions are desirable for a fulfilling human life.
Barry was also persuaded by the way in which Gasper draws upon the work of Amartya Sen and Martha Nussbaum (amongst others) to articulate a rich and fruitful concept of human development, which includes not just provision for the meeting of basic human needs but also for the social conditions required for people to have the positive freedom to pursue their own goals in life.
A self-contained introduction to the field of ethics and development for students, practitioners and the general reader. The Ethics of Development asks what is good 'development', of societies and for people. It looks at how equating development with economic growth has been challenged, examining whom that growth benefits or harms and which aspects of life it values or excludes and can favour or damage. It goes on to explore an alternative conception -- that of 'human development', meaning achievement with respect to a wider range of values and the advancement of people's freedom to achieve well-reasoned values. The book synthesises…
I was initially drawn to economics as a way to understand and address global problems of poverty and hunger, like those I saw in Africa with the Peace Corps and later as a researcher. As my interests broadened toward environmental and other social problems, again I found that economics provides valuable insights about their causes and possible solutions. Economics is unfortunately often misunderstood and defined too narrowly: but as a social science, it encompasses a broad framework to comprehend individuals, families, cities, nations. It encompasses philosophical thought, normative questions, and intangibles like humans’ desire for respect. After decades as an economics professor I still find its insights fascinating and powerful.
The aims of economic development are often said to be higher incomes, industrialization, efficient investment, and poverty alleviation.
Amartya Sen argues for a broader goal: increasing the capability of all human beings to achieve those things that they most value.
Such an agenda implies more ambitious goals for empowering people, especially in poor countries, to begin a process of expanding the real freedoms that people enjoy: education, health care, longevity, and the ability to influence political decisions.
Sen, a Nobel laureate in economics, draws on a lifetime of thought about human predicaments, famines, and poverty, how to define one’s capabilities, and the meaning of one’s ‘standard of living.’
Rather than offering specific recipes, this book provides a provocative framework for thought.
In Development as Freedom Amartya Sen quotes the eighteenth century poet William Cowper on freedom:
Freedom has a thousand charms to show,
That slaves howe'er contented, never know.
Sen explains how in a world of unprecedented increase in overall opulence, millions of people living in rich and poor countries are still unfree. Even if they are not technically slaves, they are denied elementary freedom and remain imprisoned in one way or another by economic poverty, social deprivation, political tyranny or cultural authoritarianism. The main purpose of development is to spread freedom and its 'thousand charms' to the unfree citizens.
I am one of the founders of the American dispute resolution field and have taught negotiation, legal ethics, mediation, alternative dispute resolution and international dispute resolution for 40 years in over 25 countries on every continent. I have mediated, negotiated or arbitrated hundreds of cases. I am a law professor who has taught legal ethics since it was required post-Watergate for all law students. As a negotiation teacher and practitioner, I have seen the effects of deceit and dishonorable negotiations in law and diplomacy and peace seeking and I have also seen what can happen when people treat each other fairly to reach better outcomes for problems than they could achieve on their own.
For the more philosophically minded this is a great short introduction to the major theories of ethicality, including what has been said about ethics by Plato, Aristotle, Socrates, Adam Smith, Kant, Hobbes, Hegel, Marx, Martha Nussbaum, Amartya Sen, and others for our orientations to external world issues of great moment and to the more specific issues of what we owe to each other as relatives, community members, world citizens, and human beings. How do we choose our personal (and national and cultural) ethical choices? What are their roots in religion, family, culture, professional training, and economic conditions (e.g., assumptions of scarcity or human flourishing)? A very good background read for anyone who thinks before acting in negotiation. When do we act from “rights“ and when from “needs”? How should we treat our fellow human beings and have our conceptions changed over time?
Very Short Introductions: Brilliant, Sharp, Inspiring
Our self-image as moral, well-behaved creatures is dogged by scepticism, relativism, hypocrisy, and nihilism, and by the fear that in a Godless world science has unmasked us as creatures fated by our genes to be selfish and tribalistic, or competitive and aggressive. Here, Simon Blackburn tackles the major moral questions surrounding birth, death, happiness, desire, and freedom, showing us how we should think about the meaning of life, and why we should mistrust the soundbite-sized absolutes that often dominate moral debates.
This second edition of the Very Short Introduction on Ethics has revised and…
I began this veil as a mathematics major and a first generation college student. It was not easy and I had no great plans or ambitions. I was good at math. But as I read books like these, and many others, I changed my horizons altogether, saw a place for myself and a purpose previously lacking. Economic History resembles my first love of math, but with persons and human behavior included. The latter is endlessly fascinating, as is the tendency of “experts” to misread and make broad assumptions that I, ever skeptical, wish to test where I can. I like being engaged intellectually for its own sake, and, from books like Tristram Shandy, have always endeavored to take my work seriously, but not myself as a human being.
The book is, like the others I have recommended, decidedly distinctive and untraditional. It traces the convoluted history of capitalist thought prior to its advent (which is itself the subject of ceaseless debate). Reducing forces to “passion” and “order” made me look at a complicated subject in a new way.
In this volume, Albert Hirschman reconstructs the intellectual climate of the seventeenth and eighteenth centuries to illuminate the intricate ideological transformation that occurred, wherein the pursuit of material interests--so long condemned as the deadly sin of avarice--was assigned the role of containing the unruly and destructive passions of man. Hirschman here offers a new interpretation for the rise of capitalism, one that emphasizes the continuities between old and new, in contrast to the assumption of a sharp break that is a common feature of both Marxian and Weberian thinking. Among the insights presented here is the ironical finding that capitalism…
AO: I have been intrigued by the Adam and smith (a play on Adam Smith’s name due to K. Boulding) of social sciences ever since, as a graduate student, I was given the privilege to teach a history-of-thought course. I found a lot of wisdom in Smith’s works and continue to find it with every new read. BW: I first met Adam Smith when I was studying for my master’s degree in economics almost twenty years ago. Since then, I have enjoyed rereading him, always finding new sources of fascination and insights. For me, Smith's work is endlessly rich and remains astonishingly topical, three centuries after his birth.
This handbook, edited by three well-known Smith scholars, follows on from a conference organised for the 250th anniversary of the publication of Smith’s Theory of Moral Sentiments although it is not a proceedings volume.
The book has seven parts, each part featuring four chapters. These 28 chapters cover all bases, from an introductory outline of life, times, and legacy, over the importance of Smith’s unpublished work, the importance to Smith of rhetoric, ethics, aesthetics, theatre, and fashion, to Smith’s view on commerce and morality, his view on religion, and Smith’s legacy and influence, among many other topics.
Adam Smith (1723-90) is a thinker with a distinctive perspective on human behaviour and social institutions. He is best known as the author of the An Inquiry into the Nature and Causes of the Wealth of Nations (1776). Yet his work is name-checked more often than it is read and then typically it is of an uninformed nature; that he is an apologist for capitalism, a forceful promoter of self-interest, a defender of greed and a critic of any 'interference' in market transactions . To offset this caricature, this Handbook provides an informed portrait. Drawing on the expertise of leading…
'Human development' indicates an advancement that I would like to find in any kind of progress. Different disciplines define 'human development' in different ways, but my research is to identify the common core in order to link both the individual- with the social dimension, and natural evolution with changes due to personal choices and policies. Through such research, I have been able to take a new perspective on my academic subjects: economic growth and happiness. My belief is that it is possible to make human development, economic growth, and happiness go together. But unfortunately, this is not what is occurring, and understanding why is key.
What is human development to have real economic and social progress?
Creating Capabilities written by the philosopher Martha Nussbaum is perhaps the book that best explains what human development is according to the Capability Approach, originally conceived by the Nobel Prize–winning economist Amartya Sen.
The explanation distinguishes between internal individual capabilities and environmental opportunities that give the freedom to exercise them. In this way, the author links the psychological aspect with the socio-economic aspect of capabilities.
The main purpose of the book is normative, that is, to recommend what government should do.
But it leaves open the question of why economic growth does not automatically lead to human development.
If a country's Gross Domestic Product increases each year, but so does the percentage of its people deprived of basic education, health care, and other opportunities, is that country really making progress? If we rely on conventional economic indicators, can we ever grasp how the world's billions of individuals are really managing? In this powerful critique, Martha Nussbaum argues that our dominant theories of development have given us policies that ignore our most basic human needs for dignity and self-respect. For the past twenty-five years, Nussbaum has been working on an alternate model to assess human development: the Capabilities Approach.…
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