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Kantian Ethics and Economics - Autonomy, Dignity, and Character (Hardcover)
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Kantian Ethics and Economics - Autonomy, Dignity, and Character (Hardcover)
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This book introduces the moral philosophy of Immanuel Kant--in
particular, the concepts of autonomy, dignity, and character--to
economic theory, explaining the importance of integrating these two
streams of intellectual thought. Mainstream economics is rooted in
classical utilitarianism, recommending that decision makers choose
the options that are expected to generate the largest net benefits.
For individuals, the standard economic model fails to incorporate
the role of principles in decision-making, and also denies the
possibility of true choice, which can be independent of preferences
and principles altogether. For policymakers, standard
decision-making frameworks recommend tradeoffs that are beneficial
in terms of material goods or wealth, but may be morally
questionable from a more person-centered perspective.
Integrating Kantian ethics affects economics in three important
ways. This integration allows for a more complete understanding of
human choice, incorporating not just preferences and constraints,
but also principles and strength of will or character. It
demonstrates the broader impact of welfare economics, which
generates policies that affect not only persons' well-being, but
also their dignity and autonomy. Finally, it reconciles the
traditional, individualist stance in economic models of choice with
the social responsibility emphasized by many systems of
philosophical ethics and heterodox schools of economics.
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