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This volume explores from several viewpoints the relationship between Darwinian evolution and the theory of rational choice.
The Arthur M. Sackler Colloquia of the National Academy of Sciences address scientific topics of broad and current interest, cutting across the boundaries of traditional disciplines. Each year, four or five such colloquia are scheduled, typically two days in length and international in scope. Colloquia are organized by a member of the Academy, often with the assistance of an organizing committee, and feature presentations by leading scientists in the field and discussions with a hundred or more researchers with an interest in the topic. Colloquia presentations are recorded and posted on the National Academy of Sciences Sackler colloquia website and published on CD-ROM. These Colloquia are made possible by a generous gift from Mrs. Jill Sackler, in memory of her husband, Arthur M. Sackler.
Economics and moral philosophy have in recent years been considered to be distinct and separate fields. However, behavioural economics has started to reconcile various aspects of morality and economics, which has offered new conceptual opportunities to advance economics ethics and business ethics. This book aims to advance economic ethics and business ethics by combining normative principles and empirical evidence grounded on the key motivational forces in economic decision making. It has three core objectives: to assess order ethics as a theory of both economic ethics and business ethics, using behavioural economics methods and evidence; to identify cardinal virtues for modern business ethics; to to set up valuable guidelines for the implementation of economic ethics and business ethics.
Delve into the complex landscape of the informal economy with the Routledge Handbook of the Informal Economy, a groundbreaking volume that transcends conventional economic analysis by contextualizing it within a broader regulatory and social framework. This comprehensive handbook offers cutting-edge categorical, thematic, and regional analyses of the informal, or shadow, economy. An esteemed international ensemble of contributors draws on diverse economic perspectives, exploring a spectrum of definitions and measures, including household, firm-level, and employment-based metrics, alongside perceptional and model-based estimates. Employing a variety of econometric and methodological approaches, the volume provides both regional and global estimates of the informal economy's extent. Beyond conventional boundaries, it unveils various facets of informality, from child labor, tax evasion, and self-employment to precarious and undeclared work. In-depth examinations of the determinants and consequences of informality enhance the volume's robust analysis. As a forward-looking compendium, the handbook also offers insights into the future trajectory of the informal economy as we journey further into the 21st century. This definitive and up-to-date reference work is indispensable for readers in labor economics, development economics, political economy, policy studies, and sociology, offering a nuanced understanding of the multifaceted dimensions and dynamics of the informal economy.
A comparison of the development of the synthetic dye industry in Europe and the US.
Like nature itself, modern economic life is driven by relentless competition and unbridled selfishness. Or is it? Drawing on converging evidence from neuroscience, social science, biology, law, and philosophy, Moral Markets makes the case that modern market exchange works only because most people, most of the time, act virtuously. Competition and greed are certainly part of economics, but Moral Markets shows how the rules of market exchange have evolved to promote moral behavior and how exchange itself may make us more virtuous. Examining the biological basis of economic morality, tracing the connections between morality and markets, and exploring the profound implications of both, Moral Markets provides a surprising and fundamentally new view of economics--one that also reconnects the field to Adam Smith's position that morality has a biological basis. Moral Markets, the result of an extensive collaboration between leading social and natural scientists, includes contributions by neuroeconomist Paul Zak; economists Robert H. Frank, Herbert Gintis, Vernon Smith (winner of the 2002 Nobel Prize in economics), and Bart Wilson; law professors Oliver Goodenough, Erin O'Hara, and Lynn Stout; philosophers William Casebeer and Robert Solomon; primatologists Sarah Brosnan and Frans de Waal; biologists Carl Bergstrom, Ben Kerr, and Peter Richerson; anthropologists Robert Boyd and Michael Lachmann; political scientists Elinor Ostrom and David Schwab; management professor Rakesh Khurana; computational science and informatics doctoral candidate Erik Kimbrough; and business writer Charles Handy.
Why do people behave in moral ways in some circumstances, but not in others? In order to account fully for morality, Dennis Krebs departs from traditional approaches to morality that suggest that children acquire morals through socialization, cultural indoctrination, and moral reasoning. He suggests that such approaches can be subsumed, refined, and revised gainfully within an evolutionary framework. Relying on evolutionary theory, Krebs offers an account of how notions of morality originated in the human species. He updates Darwin's early ideas about how dispositions to obey authority, to control antisocial urges, and to behave in altruistic and cooperative ways originated and evolved, then goes on to update Darwin's account of how humans acquired a moral sense.Krebs explains why the theory of evolution does not dictate that all animals are selfish and immoral by nature. On the contrary, he argues that moral behaviors and moral judgments evolved to serve certain functions. Krebs examines theory and research on the evolution of primitive forms of prosocial conduct displayed by humans and other animals, then discusses the evolution of uniquely human prosocial behaviors. He describes how a sense of morality originated during the course of human evolution through strategic social interactions among members of small groups, and how it was expanded and refined in modern societies, explaining how this sense gives rise to culturally universal and culturally relative moral norms. Krebs argues that although humans' unique cognitive abilities endow them with the capacity to engage in sophisticated forms of moral reasoning, people rarely live up their potential in their everyday lives. Four conceptions of what it means to be a moral person are identified, with the conclusion that people are naturally inclined to meet the standards of each conception under certain conditions. The key to making the world a more moral place lies in creating environments in which good guys finish first and cheaters fail to prosper.
Tackles one of the most enduring and contentious issues of positive political economy: common pool resource management.