Economics as Applied Ethics Fact and Value in Economic Policy /

• Main Author: Beckerman, Wilfred (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2017.
• Edition: 2nd ed. 2017.
• Subjects: Political economy.; Economic theory.; Welfare economics.; Public finance.; Economics.; Social Choice/Welfare Economics/Public Choice.; Economic Theory/Quantitative Economics/Mathematical Methods.; Public Economics.; Political Economy.

This important textbook has been revised and updated to continue its focus on the link between ethics and economic policy analysis, whilst ensuring that perspectives addressing the moral limits of the market, latest behavioural economics literature, and the changes in inequality over the years are i...

Table of Contents:

• Part 1. Basic Principles
• 1. Preview
• 2. The Main Concepts
• 3. Fact and Value in Personal Choice
• 4. How to Make ‘Bad’ Choices
• 5. Fact and Value in Economic Policy: three examples
• 6. From Economic ‘Efficiency’ to Economic Welfare
• 7. The ‘Social Welfare Function’
• 8. The ‘Mindless’ Society
• 9. Utilitarianism: The Search For A Single Over-riding Value
• 10 Constraints on Utilitarianism
• Part 2. Applications
• 11. GDP and Friends
• 12. Happiness
• 13. The Most Important Price: The Discount Rate
• 14. The Price of life
• 15. Equality: Fact or Value
• 16. Equality of What?
• 17. The Boundary of Society in Space
• Annex to Chapter 17: How to share out equitably he burden of combating climate change
• 18. The Boundary of Society in Time
• 19. Overview: The Role of Welfare Economics.