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This open access book examines from a variety of perspectives the
disappearance of moral content and ethical judgment from the models
employed in the formulation of modern economic theory, and some of
the papers contain important proposals about how moral judgment
could be reintroduced in economic theory. The chapters collected in
this volume result from the favorable reception of the first volume
of the Virtues in Economics series and represent further
contributions to the themes set out in that volume: (i) examining
the philosophical and methodological fallacies of this turn in
modern economic theory that the removal of the moral motivation of
economic agents from modern economic theory has entailed; and (ii)
proposing a return descriptive economics as the means with which
the moral content of economic life could be restored in economic
theory. This book is of interest to researchers and students of the
methodology of economics, ethics, philosophers concerned with
agency and economists who build economic models that rest in the
intention of the agent.
This open access book examines from a variety of perspectives the
disappearance of moral content and ethical judgment from the models
employed in the formulation of modern economic theory, and some of
the papers contain important proposals about how moral judgment
could be reintroduced in economic theory. The chapters collected in
this volume result from the favorable reception of the first volume
of the Virtues in Economics series and represent further
contributions to the themes set out in that volume: (i) examining
the philosophical and methodological fallacies of this turn in
modern economic theory that the removal of the moral motivation of
economic agents from modern economic theory has entailed; and (ii)
proposing a return descriptive economics as the means with which
the moral content of economic life could be restored in economic
theory. This book is of interest to researchers and students of the
methodology of economics, ethics, philosophers concerned with
agency and economists who build economic models that rest in the
intention of the agent.
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