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""Art Economists Basically Immoral?" and Other Essays on Economics, Ethics, and Religion is a collection of Heyne's essays focused on an issue that preoccupied him throughout his life and which concerns many free-market skeptics - namely, how to reconcile the apparent selfishness of a free-market economy with ethical behavior." "Written with the nonexpert in mind, and in a highly engaging style, these essays will interest students of economics, professional economists with an interest in ethical and theological topics, and Christians who seek to explore economic issues."--BOOK JACKET.
""Art Economists Basically Immoral?" and Other Essays on Economics, Ethics, and Religion is a collection of Heyne's essays focused on an issue that preoccupied him throughout his life and which concerns many free-market skeptics - namely, how to reconcile the apparent selfishness of a free-market economy with ethical behavior." "Written with the nonexpert in mind, and in a highly engaging style, these essays will interest students of economics, professional economists with an interest in ethical and theological topics, and Christians who seek to explore economic issues."--BOOK JACKET.
In What Money Can't Buy, renowned political philosopher Michael J. Sandel rethinks the role that markets and money should play in our society. Should we pay children to read books or to get good grades? Should we put a price on human life to decide how much pollution to allow? Is it ethical to pay people to test risky new drugs or to donate their organs? What about hiring mercenaries to fight our wars, outsourcing inmates to for-profit prisons, auctioning admission to elite universities, or selling citizenship to immigrants willing to pay? In his New York Times bestseller What Money Can't Buy, Michael J. Sandel takes up one of the biggest ethical questions of our time: Isn't there something wrong with a world in which everything is for sale? If so, how can we prevent market values from reaching into spheres of life where they don't belong? What are the moral limits of markets? Over recent decades, market values have crowded out nonmarket norms in almost every aspect of life. Without quite realizing it, Sandel argues, we have drifted from having a market economy to being a market society. In Justice, an international bestseller, Sandel showed himself to be a master at illuminating, with clarity and verve, the hard moral questions we confront in our everyday lives. Now, in What Money Can't Buy, he provokes a debate that's been missing in our market-driven age: What is the proper role of markets in a democratic society, and how can we protect the moral and civic goods that markets do not honor and money cannot buy?
The most damning criticism of markets is that they are morally corrupting. As we increasingly engage in market activity, the more likely we are to become selfish, corrupt, rapacious and debased. Even Adam Smith, who famously celebrated markets, believed that there were moral costs associated with life in market societies. This book explores whether or not engaging in market activities is morally corrupting. Storr and Choi demonstrate that people in market societies are wealthier, healthier, happier and better connected than those in societies where markets are more restricted. More provocatively, they explain that successful markets require and produce virtuous participants. Markets serve as moral spaces that both rely on and reward their participants for being virtuous. Rather than harming individuals morally, the market is an arena where individuals are encouraged to be their best moral selves. Do Markets Corrupt Our Morals? invites us to reassess the claim that markets corrupt our morals.
"How the insights of an 18th century economist can help us live better in the 21st century. Adam Smith became famous for The Wealth of Nations, but the Scottish economist also cared deeply about our moral choices and behavior--the subjects of his other brilliant book, The Theory of Moral Sentiments (1759). Now, economist Russ Roberts shows why Smith's neglected work might be the greatest self-help book you've never read. Roberts explores Smith's unique and fascinating approach to fundamental questions such as: - What is the deepest source of human satisfaction? - Why do we sometimes swing between selfishness and altruism? - What's the connection between morality and happiness? Drawing on current events, literature, history, and pop culture, Roberts offers an accessible and thought-provoking view of human behavior through the lenses of behavioral economics and philosophy"--
A comprehensive review of evidence on the effect of minimum wages on employment, skills, wage and income distributions, and longer-term labor market outcomes concludes that the minimum wage is not a good policy tool.
Presents a story of two Chinas – an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its rural experiments, with long-lasting damage to the economy and society. A weak financial sector, income disparity, rising illiteracy, productivity slowdowns, and reduced personal income growth are the product of the capitalism with Chinese characteristics of the 1990s and beyond. While GDP grew quickly in both decades, the welfare implications of growth differed substantially. The book uses the emerging Indian miracle to debunk the widespread notion that democracy is automatically anti-growth. As the country marked its 30th anniversary of reforms in 2008, China faces some of its toughest economic challenges and substantial vulnerabilities that require fundamental institutional reforms.
New York Times Bestseller An accessible, compelling introduction to today’s major policy issues from the New York Times columnist, best-selling author, and Nobel prize–winning economist Paul Krugman, now with a new preface. There is no better guide than Paul Krugman to basic economics, the ideas that animate much of our public policy. Likewise, there is no stronger foe of zombie economics, the misunderstandings that just won’t die. In Arguing with Zombies, Krugman tackles many of these misunderstandings, taking stock of where the United States has come from and where it’s headed in a series of concise, digestible chapters. Drawn mainly from his popular New York Times column, they cover a wide range of issues, organized thematically and framed in the context of a wider debate. Explaining the complexities of health care, housing bubbles, tax reform, Social Security, and so much more with unrivaled clarity and precision, Arguing with Zombies is Krugman at the height of his powers. It is an indispensable guide to two decades’ worth of political and economic discourse in the United States and around the globe, and now includes a preface on "Zombies in the Age of COVID-19." With quick, vivid sketches, Krugman turns his readers into intelligent consumers of the daily news and hands them the keys to unlock the concepts behind the greatest economic policy issues of our time. In doing so, he delivers an instant classic that can serve as a reference point for this and future generations.
From one of the world's leading experts on the subject, a fully updated introduction to the sustainability movement from the 1600s to today The word is nearly ubiquitous: at the grocery store we shop for "sustainable foods" that were produced from "sustainable agriculture"; groups ranging from small advocacy organizations to city and state governments to the United Nations tout "sustainable development" as a strategy for local and global stability; and woe betide the city-dweller who doesn't aim for a "sustainable lifestyle." Seeming to have come out of nowhere to dominate the discussion-from permaculture to renewable energy to the local food movement-the ideas that underlie and define sustainability can be traced back several centuries. In this illuminating and fascinating primer, newly revised and updated, Jeremy L. Caradonna does just that, approaching sustainability from a historical perspective and revealing the conditions that gave it shape. Locating the underpinnings of the movement as far back as the 1660s, Caradonna considers the origins of sustainability across many fields throughout Europe and North America. Taking us from the emergence of thoughts guiding sustainable yield forestry in the late 17th and 18th centuries, through the challenges of the Industrial Revolution, the birth of the environmental movement, and the emergence of a concrete effort to promote a balanced approach to development in the latter half of the 20th century, he shows that while sustainability draws upon ideas of social justice, ecological economics, and environmental conservation, it is more than the sum of its parts and blends these ideas together into a dynamic philosophy. Caradonna's book broadens our understanding of what "sustainability" means, revealing how it progressed from a relatively marginal concept to an ideal that shapes everything from individual lifestyles, government and corporate strategies, and even national and international policy. For anyone seeking understand the history of those striving to make the world a better place to live, here's a place to start.
Just Capitalism is a Christian moral defense of economic globalization as a system that is well-suited to provide the necessary material needs that are prerequisite for human community and flourishing. Global-based market exchange offers the development and distribution of the goods of creation for humans to enjoy and share. Globalization also offers "the most realistic and promising way of exercising a preferential option for the poor." Waters argues that economic globalization, and thus capitalism, is a necessary condition for sustaining human life but not a sufficient condition for enabling human flourishing. Even though globalization is generally compatible with Christian theological and moral claims and can realistically facilitate the well-being of the human family, it must be reoriented toward koinoniahuman community, communication, fellowshipas the global economy's primary goal in order to help actualize human flourishing. Readers will gain insight about how economic globalization (and thus capitalism) is good for the human family and can be made better by certain reorientations that are compatible with Christian moral values. Waters provides a mature and civil counterargument against knee-jerk condemnations of economic globalization and capitalism.