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Morality and Power - On Ethics, Economics and Public Policy (Hardcover)
Loot Price: R3,335
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Morality and Power - On Ethics, Economics and Public Policy (Hardcover)
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Morality and Power offers a compelling critique of orthodox
economic analysis and its impacts on public policy. Mike Berry
argues that the theoretical underpinning of evaluative tools like
cost-benefit analysis rests on an incoherent concept of
'efficiency' derived from Paretian welfare economics. Beginning by
reviewing the historical progression of economic thought, Berry
argues there has been a lack of crucial development in economic
thinking in public policy since the economic crisis of 2008. The
ethically unacceptable outcomes of the current public policy
approach are exposed: most notably the support for policies that
accentuate inequality and social polarization; the outbreak of
crises in the financial sector, and the treatment of refugees and
migrants. Finally, threats to liberal democracies in an age of
rampant populism and rising nationalism are examined, offering
noteworthy suggestions for an alternative democratic future. Both
students and practitioners of heterodox economics and public policy
will find this book a compelling insight into the ethical concerns
of neoliberal policies shaped by politicians and policymakers
today.
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