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The Economist's Oath - On the Need for and Content of Professional Economic Ethics (Hardcover)
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The Economist's Oath - On the Need for and Content of Professional Economic Ethics (Hardcover)
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Economics is today among the most influential of all professions.
Economists alter the course of economic affairs and deeply affect
the lives of current and future generations. Yet, virtually alone
among the major professions, economics lacks a body of professional
ethics to guide its practitioners. Over the past century the
profession consistently has refused to adopt or even explore
professional economic ethics. As a consequence, economists are
largely unprepared for the ethical challenges they face in their
work.
The Economist's Oath challenges the economic orthodoxy. It builds
the case for professional economic ethics step by step-first by
rebutting economists' arguments against and then by building an
escalating positive case for professional economic ethics. The book
surveys what economists do and demonstrates that their work is
ethically fraught. It explores the principles, questions, and
debates that inform professional ethics in other fields, and
identifies the lessons that economics can take from the best
established bodies of professional ethics. George DeMartino
demonstrates that in the absence of professional ethics,
well-meaning economists have committed basic, preventable ethical
errors that have caused severe harm for societies across the globe.
The book investigates the reforms in economic education that would
be necessary to recognize professional ethical obligations, and
concludes with the Economist's Oath, drawing on the book's central
insights and highlighting the virtues that are required of the
"ethical economist."
The Economist's Oath seeks to initiate a serious conversation among
economists about the ethical content of their work. It examines the
ethical entailments of the immense influence over the lives of
others that the economics profession now enjoys, and proposes a
framework for the new field of professional economic ethics.
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