Ethical Dimensions of the Economy: Making Use of Hegel and the Concepts of Public and Merit Goods

ISBN-13: 9783642095856 / Angielski / Miękka / 2010 / 304 str.

Wilfried Eecke

Opis

Overview This book is a philosophical reflection (using mainly Hegel, in addition to 1 Adam Smith, Kant, Marx and Catholic Social Thought) about the soc- political dimension of economics. In it I both agree and disagree with the slogan that the least government is the best government. I agree with the slogan, in particular as it applies to the economic domain. Adam Smith taught us that rational and self-interested individuals, left by themselves, create a more efficient and reliable economic system than one in which the government has a heavy role as was the case in his time with the merc- tile system (Smith, 14, 651). Ludwig von Mises demonstrated the same idea for the communist command economy (Hayek 1935, 87 130). I d- agree with the above mentioned slogan if it is interpreted as suggesting that we can best forget about the role of the government for a good functioning economy. Instead, I will argue that the government has an important fu- tion in creating the proper regulations and the wise institutional arran- ments which will allow the economy to flourish in a more efficient, fair and humane way. This book is interdisciplinary in nature. It is a philosophical and ethical reflection on economics. Hence, I make use of philosophical ideas, often but not exclusively those of Hegel. I reflect philosophically on economic concepts."

Recenzje

From the reviews:

"This book draws heavily on Hegel to outline ethical dimensions of the economy. ... The book would be most worthwhile for readers who are interested an argument that Hegel's ideas are consistent with standard public goods theory, and with Musgrave's concept of merit goods. ... the book may be more appealing to philosophers who are interested in building a bridge between economics and philosophy to consider the role of government in the economy." (Randall G. Holcombe, Public Choice, Vol. 138, 2009)

"This book is a philosophical and ethical reflection on economics. ... each chapter is preceded by an orienting abstract that points out the major argument that the chapter develops. ... an excellent reading for faculty discussion groups bringing together the social sciences and the humanities." (John Donovan, The Reviews of Metaphysics, Vol. LXIII (2), December, 2009)

Spis treści

Introduction.- Part I Normative Reflections on the Economy.- Section I Multiple Discourses on the Economy.- The Interconnection of Moral and Economic Theory.- Economics and Politics in the Architectonic of Hegel's Thought.- Section II Hegel and Political Economy.- The Ethical Function of the Economy.- The Economic Order: A Human, No a Natural Institution.- Section III Tightening the Argument.- A Philosophical Dialogue with Economists.- The Concept of 'Merit Good' and the History of Economic Thought.- Objecting t a Libertarian Attack on Governmental Functions in the Economy: The Concept of 'Public Good'.- Part II Applications.- Section I Reflections on the Political Economy in the US.- Structural Deficiencies in the American System.- Unjust Redistribution in the American System.- Section II Challenges in Transforming Command Economies.- The Role of Religion and Civil Society in a Transformed Command Economy.- Section III Philosophy of Economics and Catholic Social Though.- Overlapping Ideas: Catholic Social Thought and Recent Nobel Laureates in Economics.- Conclusion.- References.- Indices.

Blurb

This book reflects philosophically about the socio-political dimension of economics.

Part I provides normative reflections on the economy: Section I reflects on the interconnections between the multiple discourses on the economy, section II presents Hegel's claim that the economic order is an ethical institution and defends his ontological view of the economy against the one of Adam Smith. Section III dialogues with economists about their concepts of public and merit goods. This section defends a Hegelian ontology of the economy through an analysis of technical concepts used by economists.

Part II provides applications derived from the normative analysis: Section I presents the views of authors in different academic disciplines pointing to failures in late capitalism, in particular failures of American capitalism and section II asks the question: " What must one pay attention to in a transition from a command economy to a free market?"

Section III draws attention to an overlap of ideas found in Catholic Social Thought and in the publications of some recent Nobel prize winners in economics (Buchanan, Sen, Stiglitz).