EAN: 9783319532905

ECONOMICS AS A MORAL SCIENCE GEBUNDEN

The book is reclaiming economics as a moral science. It argues that ethics is a relevant and
inseparable aspect of all levels of economic activity  from individual and organizational to
societal and global. Taking ethical considerations into account is needed in explaining and
predicting the behavior of economic agents as well as in evaluating and designing economic
policies and mechanisms. The unique feature of the book is that it not only analyzes ethics and
economics on an abstract level  but puts behavioral  institutional and systemic issues together
for a robust and human view of economic functioning. It sees economic facts as interwoven with
human intentionality and ethical content  a domain where utility calculations and moral
considerations co-determine the behavior of economic agents and the outcomes of their
activities. The book employs the personalist approach that sees human persons - endowed with
free will and conscience - as the basic agents of economic life and defines human flourishing
as the final end of economic activities. The book demonstrates that economics can gain a lot in
meaning and also in analytical power by reuniting itself with ethics.

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