In this essay I discuss different normative foundations - theories of political ethics, for proposed cures to market failures. In addition to empirically match what cure fit what type of market failure, I posit the notion that the normative position of an economist, or policy maker, or of a group, concerned with these problems, delimits the options available for recommending, or analysing, what corrective measures that needs be taken to restore markets to efficiency. Two theoretical normative positions, one utilitarian and one libertarian, is constructed to argue the point that different normative positions will yield different permissible actions. The analysis is conducted against the background of different rational choice models, i.e., '...
The paper explores the norms and values supporting the market as a social institution,seeking to out...
This paper tries to convey the essence of the economic theory of behaviour of individuals and firms ...
One can expect economists and philosophers to have very different reactions to this question. Econom...
Economics and ethics are practical sciences. The common research subject of both sciences is man. Ec...
The approaches and opinions of economists often dominate public policy discussion. Economists have g...
The approaches and opinions of economists often dominate public policy discussion. Economists have g...
In this Article, I take stock of some leading attempts to drive a wedge between distinctively market...
Many economists have defended capitalism; most have tried to do so within the self-imposed methodolo...
Libertarians support free markets. But most actually existing markets are not entirely free. What, t...
This essay presents a critique of the standard ascension from the rational agent to the optimal mark...
Disagreements about the morality of markets, and about self-interested behavior within markets, run ...
Many policy debates revolve around the appropriate extent and form of gov-ernment intervention in sp...
The paper addresses two issues. First, economics has evolved both as a positive science and, from mo...
Since the 2008 financial crisis, it has been widely accepted that regulation is necessary for the fu...
The Market Failures Approach (MFA) is one of the leading theories in contemporary business ethics. I...
The paper explores the norms and values supporting the market as a social institution,seeking to out...
This paper tries to convey the essence of the economic theory of behaviour of individuals and firms ...
One can expect economists and philosophers to have very different reactions to this question. Econom...
Economics and ethics are practical sciences. The common research subject of both sciences is man. Ec...
The approaches and opinions of economists often dominate public policy discussion. Economists have g...
The approaches and opinions of economists often dominate public policy discussion. Economists have g...
In this Article, I take stock of some leading attempts to drive a wedge between distinctively market...
Many economists have defended capitalism; most have tried to do so within the self-imposed methodolo...
Libertarians support free markets. But most actually existing markets are not entirely free. What, t...
This essay presents a critique of the standard ascension from the rational agent to the optimal mark...
Disagreements about the morality of markets, and about self-interested behavior within markets, run ...
Many policy debates revolve around the appropriate extent and form of gov-ernment intervention in sp...
The paper addresses two issues. First, economics has evolved both as a positive science and, from mo...
Since the 2008 financial crisis, it has been widely accepted that regulation is necessary for the fu...
The Market Failures Approach (MFA) is one of the leading theories in contemporary business ethics. I...
The paper explores the norms and values supporting the market as a social institution,seeking to out...
This paper tries to convey the essence of the economic theory of behaviour of individuals and firms ...
One can expect economists and philosophers to have very different reactions to this question. Econom...