This open book examines from a variety of perspectives the disappearance of moral content and ethical judgment from the models employed in the formulation of modern economic theory, and some of the papers contain important proposals about how moral judgment could be reintroduced in economic theory. The chapters collected in this volume result from the favorable reception of the first volume of the Virtues in Economics series and represent further contributions to the themes set out in that volume: (i) examining the philosophical and methodological fallacies of this turn in modern economic theory that the removal of the moral motivation of economic agents from modern economic theory has entailed; and (ii) proposing a return descriptive economics as the means with which the moral content of economic life could be restored in economic theory.
This book is of interest to researchers and students of the methodology of economics, ethics, philosophers concerned with agency and economists who build economic models that rest in the intention of the agent.
This open book is licensed under a Creative Commons License (CC BY). You can download Words, Objects and Events in Economics ebook for free in PDF format (2.9 MB).
Words, Objects and Events in Economics
Economics and Finance
This open access book provides an exploration of the consequences of the ontological differences between natural and social objects (sometimes described as objects of nature and objects of thought) in the workings of causal and agency relationships. One of its important and possibly original conclusions is that causal and agency relationships do no...
This book features various studies on democratization, transformation, political and economic development, and security issues in the Organization for Security and Cooperation in Europe (OSCE) geographical region and beyond. Written by experts and academics in the fields of human rights, security, transformation and development, particularly in pos...
Higher education in Europe and beyond faces a series of major challenges. The economic crisis has accelerated expectations of an increased role in addressing economic and societal challenges while, at the same time, putting pressure on available finances. Broader trends such as shifting student demographics and expectations, globalisation and mobil...
Asia's recent demographic transitions and rural - urban structural transformations are extraordinary and involve complexities that require in-depth study.The chapters within this volume examine those complexities using a range of traditional and nontraditional measures - such as multidimensional poverty, gaps, and polarization - to arrive at t...
This book looks at the major policy challenges facing developing Asia and how the region sustains rapid economic growth to reduce multidimensional poverty through socially inclusive and environmentally sustainable measures. Asia is facing many challenges arising from population growth, rapid urbanization, provision of services, climate change and t...
This book examines the interrelationship of national policy, teacher effectiveness, and student outcomes with a specific emphasis on educational equity. Using data from the IEA's Trends in International Mathematics and Science Study (TIMSS) conducted between 1995 and 2015, it investigates grade four and grade eight data to assess trends in key...