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Item Details
Title: ECONOMIC ANALYSIS, MORAL PHILOSOPHY, AND PUBLIC POLICY
By: Daniel M. Hausman, Michael McPherson, Debra Satz
Format: Hardback

List price: £78.00
Our price: £70.20
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ISBN 10: 1107158311
ISBN 13: 9781107158313
Availability: Usually dispatched within 1-3 weeks.
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Publisher: CAMBRIDGE UNIVERSITY PRESS
Pub. date: 15 December, 2016
Edition: 3rd Revised edition
Pages: 418
Description: This book shows how careful attention to moral reasoning can enrich economic understanding and clarify the importance and the limits of an economic analysis of policy problems.
Synopsis: 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 played little if any role in conventional welfare economics. Finally, Part IV explores work in social choice theory and game theory that is relevant to moral decision making. Each chapter includes recommended reading and discussion questions.
Illustrations: 10 b/w illus.
Publication: UK
Imprint: Cambridge University Press
Returns: Returnable
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