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  1. A Reformed Division of Labor for the Science of Well-Being.Roberto Fumagalli - forthcoming - Philosophy:1-35.
    This paper provides a philosophical assessment of leading theory-based, evidence-based and coherentist approaches to the definition and the measurement of well-being. It then builds on this assessment to articulate a reformed division of labor for the science of well-being and argues that this reformed division of labor can improve on the proffered approaches by combining the most plausible tenets of theory-based approaches with the most plausible tenets of coherentist approaches. This result does not per se exclude the possibility that theory-based (...)
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  2. An African Theory of Economic Justice (Repr.).Thaddeus Metz - forthcoming - In Austin Okigbo & Paul Nnodim (eds.), Ubuntu: A Comparative Study of an African Concept of Justice. Leuven University Press.
    Shortened and mildly revised reprint of an article first appearing in Ethical Perspectives (2020).
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  3. An Essay in Normative Economics.Phillip J. Nelson - forthcoming - Social Research: An International Quarterly.
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  4. Milton Friedman on Freedom and the Negative Income Tax.Joshua Preiss - forthcoming - Basic Income Studies 10.
    In addition to his Noble Prize-winning work in economics, Milton Friedman produced some of the most influential philosophical work on the role of government in a free society. Despite his great influence, there remains a dearth of scholarship on Friedman’s social and political philosophy. This paper helps to fill this large void by providing a conceptual analysis of Friedman’s theory of freedom. In addition, I argue that a careful reading of his arguments for freedom ought to lead Friedman, and like-minded (...)
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  5. Replacing Development: An Afro-Communal Approach to Global Justice (Repr.).Thaddeus Metz - 2022 - In Bolaji Bateye, Mahmoud Masaeli, Louise Muller & Angela Roothaan (eds.), Beauty in African Thought: Critique of the Western Idea of Development. Rowman & Littlefield. pp. ch. 6.
    Shortened version of an article that first appeared in Philosophical Papers (2017).
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  6. Concerning Publicized Goods (or, the Promiscuity of the Public Goods Argument).Vaughn Bryan Baltzly - 2021 - Economics and Philosophy 37 (3):376-394.
    Proponents of the public goods argument ('PGA') seek to ground the authority of the state on its putative indispensability as a means of providing public goods. But many of the things we take to be public goods – including many of the goods commonly invoked in support of the PGA – are actually what we might term publicized goods. A publicized good is any whose ‘public’ character results only from a policy decision to make some good freely and universally available. (...)
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  7. The Option Value of Life.Susanne Burri - 2021 - Economics and Philosophy 37 (1):118-138.
    This paper argues that under conditions of uncertainty, there is frequently a positive option value to staying alive when compared to the alternative of dying right away. This value can make it prudentially rational for you to stay alive even if it appears highly unlikely that you have a bright future ahead of you. Drawing on the real options approach to investment analysis, the paper explores the conditions under which there is a positive option value to staying alive, and it (...)
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  8. Epistemically Different Epistemic Peers.Mariangela Zoe Cocchiaro & Bryan Frances - 2021 - Topoi 40 (5):1063-1073.
    For over a decade now epistemologists have been thinking about the peer disagreement problem of whether a person is reasonable in not lowering her confidence in her belief P when she comes to accept that she has an epistemic peer on P who disbelieves P. However, epistemologists have overlooked a key realistic way how epistemic peers can, or even have to, differ epistemically—a way that reveals the inadequacy of both conformist and non-conformist views on peer disagreement by uncovering how the (...)
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  9. Putting Costs and Benefits of Ordeals Together.Anders Herlitz - 2021 - Economics and Philosophy 37 (1):37-49.
    This paper addresses how to think about the permissibility of introducing deadweight costs on candidate recipients of goods in order to attain better outcomes. The paper introduces some distinctions between different kinds of value dimensions that should be taken into account when such judgements are made and draws from the literature on comparisons across different value dimensions in order to canvas what sort of situations one might arguably face when evaluating ordeals. In light of the distinctions drawn and the possibilities (...)
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  10. Can Normative Economics Be Convincing Without the Notion of Well-Being?Tomasz Kwarciński & Krzysztof M. Turek - 2021 - Filozofia Nauki 29 (3):37-61.
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  11. Values in Economics: A Recent Revival with a Twist.Magdalena Małecka - 2021 - Journal of Economic Methodology 28 (1):88-97.
    This article reviews the relatively recent trend in economic methodology that consists in bringing insights from the debate in philosophy of science on values in science in order to analyse value-l...
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  12. Reconciling the Liberal Tradition in Normative Economics with the Findings of Behavioural Economics: On J.S. Mill, Libertarian Paternalism and Robert Sugden’s The Community of Advantage.Mozaffar Qizilbash - 2021 - Journal of Economic Methodology 28 (4):409-418.
    In The Community of Advantage, Robert Sugden reconstructs and defends an account of the liberal tradition in normative economics in the light of the findings of Behavioural Economics. In...
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  13. Rationing with Time: Time-Cost Ordeals’ Burdens and Distributive Effects.Julie L. Rose - 2021 - Economics and Philosophy 37 (1):50-63.
    Individuals often face administrative hurdles in attempting to access health care, public programmes, and other legal statuses and entitlements. These ordeals are the products, directly or indirectly, of institutional and policy design choices. I argue that evaluating whether such ordeals are justifiable or desirable instruments of social policy depends on assessing, beyond their targeting effects, the process-related burdens they impose on those attempting to navigate them and these burdens’ distributive effects. I here examine specifically how ordeals that levy time costs (...)
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  14. Are There Moral Limits to Wage Inequality?Kory P. Schaff - 2021 - In Anders Örtenblad (ed.), Equal Pay for All. Cham, Switzerland: pp. 167-81.
    Income inequality in democratic societies with market economies is sizable and growing. One reason for this growth can be traced to unequal forms of compensation that employers pay workers. Democratic societies have tackled this problem by enforcing a wage standard that all workers are paid regardless of education, skills, or contribution. This raises a novel question: Should there be equal pay for all workers? To answer it, we need to investigate some factors that are relevant to the unequal conditions of (...)
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  15. Reciprocity and the Art of Behavioural Public Policy, Adam Oliver. Cambridge University Press, 2019, Xvii + 194 Pages. - Escaping Paternalism: Rationality, Behavioural Economics and Public Policy, Mario J. Rizzo and Glen Whitman. Cambridge University Press, 2020, Xii + 496 Pages. [REVIEW]Robert Sugden - 2021 - Economics and Philosophy 37 (1):139-144.
  16. On the Possibility of an Anti-Paternalist Behavioural Welfare Economics.Johanna Thoma - 2021 - Journal of Economic Methodology 28 (4):350-363.
    Behavioural economics has taught us that human agents don't always display consistent, context-independent and stable preferences in their choice behaviour. Can we nevertheless do welfare economics...
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  17. Normes et normativité en économie.Antoinette Baujard, Judith Favereau & Charles Girard - 2020 - Revue de Philosophie Économique 21 (1):3.
    Abstract : This introduction to a special issue on "Normes and normativity" emphasizes the difficulties and challenges of distinguishing between a positive approach and a normative approach to norms in economics. Collective life is organized by norms, however the mere fact that they regularly influence behaviours does not imply their desirability. A strict description of norms may require consideration of ethical issues, which may be reported by different methods; choosing among norms however is an activity of a fundamentally normative nature, (...)
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  18. Capitalism: A conversation in critical theory.James A. Chamberlain - 2020 - Contemporary Political Theory 19 (2):153-156.
  19. Value Commitment, Resolute Choice, and the Normative Foundations of Behavioural Welfare Economics.C. Tyler DesRoches - 2020 - Journal of Applied Philosophy 37 (4):562-577.
    Given the endowment effect, the role of attention in decision-making, and the framing effect, most behavioral economists agree that it would be a mistake to accept the satisfaction of revealed preferences as the normative criterion of choice. Some have suggested that what makes agents better off is not the satisfaction of revealed preferences, but ‘true’ preferences, which may not always be observed through choice. While such preferences may appear to be an improvement over revealed preferences, some philosophers of economics have (...)
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  20. To Incriminate, to Apologize or to Excuse? Finance and the Uncertainty Conundrum.Daniel Seabra Lopes - 2020 - Journal of Economic Methodology 28 (2):247-249.
    Let us suppose we could simply divide all social scientists studying finance into two main ideal-types: those who, writing from an anti-capitalistic perspective, are critically destructive; and tho...
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  21. Relational Normative Economics: An African Approach to Justice.Thaddeus Metz - 2020 - Ethical Perspectives 27 (1):35-68.
    Recent work by comparative philosophers, global ethicists, and cross-cultural value theorists indicates that, unlike most Western thinkers, those in many other parts of the globe, such as indigenous Africa, East Asia, and Latin America, tend to prize relationality. These relational values include enjoying a sense of togetherness, participating cooperatively, creating something new together, engaging in mutual aid, and being compassionate. Global economic practices and internationally influential theories pertaining to justice, development, and normative economics over the past 50 years have been (...)
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  22. The Eclipse of Value-Free Economics. The Concept of Multiple Self Versus Homo Economicus.Aleksander Ostapiuk - 2020 - Wrocław, Polska: Publishing House of Wroclaw University of Economics and Business.
    The books’ goal is to answer the question: Do the weaknesses of value-free economics imply the need for a paradigm shift? The author synthesizes criticisms from different perspectives (descriptive and methodological). Special attention is paid to choices over time, because in this area value-free economics has the most problems. In that context, the enriched concept of multiple self is proposed and investigated. However, it is not enough to present the criticisms towards value-free economics. For scientists, a bad paradigm is better (...)
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  23. F. A. Hayek and the Epistemology of Politics: The Curious Task of Economics.Scott Scheall - 2020 - London: Routledge.
    "F. A. Hayek and the Epistemology of Politics is an exploration of an important problem that has largely been ignored: the problem of policymaker ignorance, and the limits of political epistemology. Scott Scheall explores Hayek's attitude to the philosophy of science and political philosophy, arguing that Hayek defended a philosophy of science that implied certain potential dangers of politicized science, and that his political philosophy established the potential dangers of misapplying scientific methods and results to matters of public policy. The (...)
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  24. Ethics of the Scientist Qua Policy Advisor: Inductive Risk, Uncertainty, and Catastrophe in Climate Economics.David Frank - 2019 - Synthese:3123-3138.
    This paper discusses ethical issues surrounding Integrated Assessment Models (IAMs) of the economic effects of climate change, and how climate economists acting as policy advisors ought to represent the uncertain possibility of catastrophe. Some climate economists, especially Martin Weitzman, have argued for a precautionary approach where avoiding catastrophe should structure climate economists’ welfare analysis. This paper details ethical arguments that justify this approach, showing how Weitzman’s “fat tail” probabilities of climate catastrophe pose ethical problems for widely used IAMs. The main (...)
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  25. From Homo-Economicus to Homo-Virtus: A System-Theoretic Model for Raising Moral Self-Awareness.Julian Friedland & Benjamin M. Cole - 2019 - Journal of Business Ethics 155 (1):191-205.
    There is growing concern that a global economic system fueled predominately by financial incentives may not maximize human flourishing and social welfare externalities. If so, this presents a challenge of how to get economic actors to adopt a more virtuous motivational mindset. Relying on historical, psychological, and philosophical research, we show how such a mindset can be instilled. First, we demonstrate that historically, financial self-interest has never in fact been the only guiding motive behind free markets, but that markets themselves (...)
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  26. Leaving Town for the Market: The Emergence and Expansion of Social Trust in the Works of Elinor Ostrom and Henry Sumner Maine.Marc Goetzmann - 2019 - Teoria E Critica Della Regolazione Sociale 2 (19):147-168.
    This paper uses the evolutionary frame provided by the Victorian jurist Henry Sumner Maine to describe the process by which trust can be seen as the product of a gradual development that starts with small-scale communities and later allows market exchanges to develop themselves. I also argue, using the work of Elinor Ostrom (1990), that trust emerges first within small-scale communities, where first- and second-degree collective action problems need to be resolved. The development of a social disposition to trust is (...)
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  27. The Normative Decision Theory in Economics: A Philosophy of Science Perspective. The Case of the Expected Utility Theory.Magdalena Małecka - 2019 - Journal of Economic Methodology 27 (1):36-50.
    This article analyses how normative decision theory is understood by economists. The paradigmatic example of normative decision theory, discussed in the article, is the expected utility theory. It...
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  28. Replacing Development (Repr.).Thaddeus Metz - 2019 - In Benedict Okeja (ed.), African Philosophy and Global Justice: Critical Essays. Routledge. pp. 109-135.
    Reprint of an article initially appearing in Philosophical Papers (2017).
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  29. Droga ekonomii wolnej od wartościowania do epistemologicznej pychy. Użycie i nadużycie matematyki przez ekonomistów.Aleksander Ostapiuk - 2019 - Philosophical Problems in Science 67:153-202.
    The goal of the article is to substantiate that despite the criticism the paradigm in economics will not change because of the axiomatic assumptions of value-free economics. How these assumptions work is demonstrated on the example of Gary Becker’s economic approach which is analyzed from the perspective of scientific research programme. The author indicates hard core of economic approach and the protective belt which makes hard core immune from any criticism. This immunity leads economists to believe that they are objective (...)
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  30. The Impact of Human Health Co-Benefits on Evaluations of Global Climate Policy.Noah Scovronick, Mark Budolfson, Francis Dennig, Frank Errickson, Marc Fleurbaey, Wei Peng, Robert H. Socolow, Dean Spears & Fabian Wagner - 2019 - Nature Communications 2095 (19).
    The health co-benefits of CO2 mitigation can provide a strong incentive for climate policy through reductions in air pollutant emissions that occur when targeting shared sources. However, reducing air pollutant emissions may also have an important co-harm, as the aerosols they form produce net cooling overall. Nevertheless, aerosol impacts have not been fully incorporated into cost-benefit modeling that estimates how much the world should optimally mitigate. Here we find that when both co-benefits and co-harms are taken fully into account, optimal (...)
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  31. Why Are We Waiting? The Logic, Urgency, and Promise of Tackling Climate Change. [REVIEW]Eric Brandstedt - 2018 - Ethics, Policy and Environment 21 (3):405-408.
  32. ANTICORRUPTION NATIONAL SYSTEM: Model Whistleblowers Direct Citizen Action Against Corruption in Mexico.Carlos Medel-Ramírez - 2018 - Social Science Research Network:1-12.
    The phenomenon of corruption is a cancer that affects our country and that it is necessary to eradicate; This dilutes the opportunities for economic and social development, privileging the single conjunction of particular interests, political actors in non-legal agreements for their own benefit, which lead to acts of corruption. Recent studies indicate that the level of corruption present in a political system is directly related to the type of institutional structure that defines it (Boehm and Lambsdorff, 2009), as well as (...)
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  33. Les origines de la distinction entre positif et normatif en économie.Philippe Mongin - 2018 - Revue Philosophique De Louvain 116 (2):151–186.
    Abstract: Economists are accustomed to distinguishing between a positive and a normative component of their work, a distinction that is peculiar to their field, having no exact counterpart in the other social sciences. The distinction has substantially changed over time, and the different ways of understanding it today are reflective of its history. Our objective is to trace the origins and initial forms of the distinction, from the English classical political economy of the first half of the 19th century to (...)
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  34. Do People Deserve Their Economic Rents?Thomas Mulligan - 2018 - Erasmus Journal for Philosophy and Economics 11 (2):163-190.
    Rather than answering the broad question, ‘What is a just income?’, in this essay I consider one component of income—economic rent—under one understanding of justice—as giving people what they deserve. As it turns out, the answer to this more focused question is ‘no’. People do not deserve their economic rents, and there is no bar of justice to their confiscation. After briefly covering the concept of desert and explaining what economic rents are, I analyze six types of rent and show (...)
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  35. What Can the Capabilities Approach Learn From an Ubuntu Ethic? A Relational Approach to Development Theory.Nimi Hoffmann & Thaddeus Metz - 2017 - World Development 97 (September):153–164.
    Over the last two decades, the capabilities approach has become an increasingly influential theory of development. It conceptualises human wellbeing in terms of an individual's ability to achieve functionings we have reason to value. In contrast, the African ethic of ubuntu views human flourishing as the propensity to pursue relations of fellowship with others, such that relationships have fundamental value. These two theoretical perspectives seem to be in tension with each other; while the capabilities approach focuses on individuals as the (...)
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  36. Climate Change Mitigation, Sustainability and Non-Substitutability.Säde Hormio - 2017 - In Adrian Walsh, Säde Hormio & Duncan Purves (eds.), The Ethical Underpinnings of Climate Economics. London, UK: pp. 103-121.
    Climate change policy decisions are inescapably intertwined with future generations. Even if all carbon dioxide emissions were to be stopped today, most aspects of climate change would persist for hundreds of years, thus inevitably raising questions of intergenerational justice and sustainability. -/- The chapter begins with a short overview of discount rate debate in climate economics, followed by the observation that discounting implicitly makes the assumption that natural capital is always substitutable with man-made capital. The chapter explains why non-substitutability matters (...)
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  37. Pure Time Preference in Intertemporal Welfare Economics.J. Paul Kelleher - 2017 - Economics and Philosophy 33 (3):441-473.
    Several areas of welfare economics seek to evaluate states of affairs as a function of interpersonally comparable individual utilities. The aim is to map each state of affairs onto a vector of individual utilities, and then to produce an ordering of these vectors that can be represented by a mathematical function assigning a real number to each. When this approach is used in intertemporal contexts, a central theoretical question concerns the evaluative weight to be applied to utility coming at different (...)
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  38. A Right to Work and Fair Conditions of Employment.Kory Schaff - 2017 - In Fair Work: Ethics, Social Policy, Globalization. London: Rowman and Littlefield, Intl.. pp. 41-55.
    The present paper argues that a right to work, defined as social and legal guarantees to fair conditions of employment, should be an essential part of a democratic state with market arrangements. This argument proceeds along the following lines. First, I reconstruct an account of rights that defends the “correlativity” thesis of rights and duties. The basic idea is that a social member’s legitimate demand to something of value, such as gainful employment, implies duties on the part of others to (...)
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  39. Review of Brennan and Jaworski, Markets Without Limits. [REVIEW]Jonny Anomaly - 2016 - Notre Dame Philosophical Reviews:00.
  40. “Book Review: Illiberal Reformers: Race, Eugenics, and American Economics in the Progressive Era “. [REVIEW]Alexander C. Cartwright - 2016 - Libertarian Papers 8:329-335.
    Thomas C. Leonard presents an intellectual history of the Progressive Era from the perspective of economists. It is hard to understate the influence this group had in developing Progressive ideas. Leonard brilliantly details how Progressive economists wielded enormous influence not only in spreading ideas about traditional economic concepts, but also ideas and theories that influenced political and civil liberties. For example, the Progressives gave us the social science professor, the scholar-activist, social worker, muckraking journalist, and expert government advisor. All of (...)
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  41. Introduction: Symposium on Robust Political Economy.Nick Cowen - 2016 - Critical Review: A Journal of Politics and Society 28 (3-4):420-439.
    Mark Pennington’s Robust Political Economy is a systematic exposition of a framework for analyzing institutional performance. The Robust Political Economy framework evaluates institutions according to their ability to solve knowledge and incentive problems. On grounds of robustness, Pennington combines insights from Austrian market-process theory and public-choice theory to defend classical liberalism from several compelling critiques. These include theories of market failure in economics; communitarian, deliberative-democratic, and liberal-egalitarian theories of justice; and concerns with social capital, domestic and international poverty, and ecology.
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  42. Capitalisme, propriété et solidarité.Marc-Kevin Daoust (ed.) - 2016 - Les Cahiers d'Ithaque.
    Le but de ce recueil est d’offrir des commentaires accessibles et introductifs aux textes classiques qu’ils accompagnent, en ouvrant des perspectives de discussion sur le thème du capitalisme. C’est en ce sens qu’Emmanuel Chaput lance le débat en commentant le texte de Pierre-Joseph Proudhon, « Qu’est-ce que la propriété ? ». Les textes de Karl Marx ne sont bien sûr pas laissés pour compte : Samuel-Élie Lesage s’engage fermement dans cette voie en discutant L’idéologie allemande de Karl Marx, Christiane Bailey (...)
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  43. Is ‘Equal Pay for Equal Work’ Merely a Principle of Nondiscrimination?Jeffrey Moriarty - 2016 - Economics and Philosophy 32 (3):435-461.
    Should people who perform equal work receive equal pay? Most would say ‘yes’, at least insofar as this question is understood to be asking whether employers should be permitted to discriminate against employees on the basis of race or sex. But suppose the employees belong to all of the same traditionally protected groups. Is (what I call) nondiscriminatory unequal pay for equal work wrong? Drawing an analogy with price discrimination, I argue that it is not intrinsically wrong, but it can (...)
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  44. Order Ethics, Economics, and Game Theory.Nikil Mukerji & Christoph Schumacher - 2016 - In Christoph Luetge & Nikil Mukerji (eds.), Order Ethics: An Ethical Framework for the Social Market Economy. Springer. pp. 93-108.
    We offer a concise introduction to the methodology of order-ethics and highlight how it connects aspects of economic theory and, in particular, game theory with traditional ethical considerations. The discussion is conducted along the lines of five basic propositions, which are used to characterize the methodological approach of order ethics.
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  45. Public Goods and Government Action.Jonny Anomaly - 2015 - Politics, Philosophy and Economics 14 (2):109-128.
  46. The World as a Garden: A Philosophical Analysis of Natural Capital in Economics.C. Tyler DesRoches - 2015 - Dissertation, University of British Columbia
    This dissertation undertakes a philosophical analysis of “natural capital” and argues that this concept has prompted economists to view Nature in a radically novel manner. Formerly, economists referred to Nature and natural products as a collection of inert materials to be drawn upon in isolation and then rearranged by human agents to produce commodities. More recently, nature is depicted as a collection of active, modifiable, and economically valuable processes, often construed as ecosystems that produce marketable goods and services gratis. Nature (...)
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  47. Is There a Sacrifice-Free Solution to Climate Change?J. Paul Kelleher - 2015 - Ethics, Policy and Environment 18 (1):68-78.
    John Broome claims that there is a sacrifice-free solution to climate change. He says this is a consequence of elementary economics. After explaining the economic argument in somewhat more detail than Broome, I show that the argument is unsound. A main problem with it stems from Derek Parfit's ‘nonidentity effect.’ But there is hope, since the nonidentity effect underwrites a more philosophical yet more plausible route to a sacrifice-free solution. So in the end I join Broome in asking economists and (...)
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  48. In Search of Lost Nudges.Guilhem Lecouteux - 2015 - Review of Philosophy and Psychology 6 (3):397-408.
    This paper discusses the validity of nudges to tackle time-inconsistent behaviours. I show that libertarian paternalism is grounded on a peculiar model of personal identity, and that the argument according to which nudges may improve one’s self-assessed well-being can be seriously questioned. I show that time inconsistencies do not necessarily reveal that the decision maker is irrational: they can also be the result of discounting over the degree of psychological connectedness between our successive selves rather than over time. Time inconsistency (...)
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  49. On a Fallacy in the Kaldor-Hicks Efficiency-Equity Analysis.David Ellerman - 2014 - Constitutional Political Economy 25 (2):125-136.
    This paper shows that implicit assumptions about the numeraire good in the Kaldor-Hicks efficiency-equity analysis involve a "same-yardstick" fallacy (a fallacy pointed out by Paul Samuelson in another context). These results have negative implications for cost-benefit analysis, the wealth-maximization approach to law and economics, and other parts of applied welfare economics--as well as for the whole vision of economics based on the "production and distribution of social wealth.".
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  50. Normative Ecological Rationality: Normative Rationality in the Fast-and-Frugal-Heuristics Research Program.D. Wade Hands - 2014 - Journal of Economic Methodology 21 (4):396-410.
    The purpose of this paper is to examine the normative interpretation of the fast-and-frugal research program and in particular to contrast it with the normative reading of rational choice theory and behavioral economics. The ecological rationality of fast-and-frugal heuristics is admittedly a form of normative naturalism – it derives what agents “ought” to do from that which “is” ecologically rational – and the paper will examine how this differs from the normative rationality associated with rational choice theory. I will also (...)
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