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Virtues, Morals and Markets

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Virtues, Morals and Markets Synopsis

Being oblivious to the motivational nuances behind human behavior could lead one to overlook the distinction that a good action does not always indicate a good character. Conversely, this book argues that such nuances are paramount. Focusing on character over consequences is vital because motivational differences have fundamental implications for the welfare of the individual and society. Drawing on Aristotelian virtue ethics, the book argues that the utilitarian economic rhetoric, the rise of identity politics, and the growing commodification have allowed an illusion that moral and economic lives can be detached to take root in our culture. The book provides a robust philosophical argument articulating the inadequacy of the modern conception of morality (as a set of universal rules) that underlies economics and many modern-day institutions and aims to create a greater awareness of the connection between virtuous character and leading fulfilled lives. Integrating contemporary empirical findings with theoretical/philosophical insights, the book develops a coherent and convincing framework that could help transform the welfare ideology that underlies economic policies and modern institutions. This book is essential for anyone interested in questions of ethics in economics and related fields, including welfare economics, microeconomics, political economy, institutional economics, evolutionary economics, social economics, and behavioral economics.

About This Edition

ISBN: 9781032300221
Publication date: 5th March 2024
Author: Rojhat Avsar
Publisher: Routledge an imprint of Taylor & Francis
Format: Hardback
Pagination: 124 pages
Series: Routledge Advances in Social Economics
Genres: Psychological theory, systems, schools and viewpoints
Economic theory and philosophy
Microeconomics
Economic history