Teaching the Ethical Foundations of EconomicsContains 10 lessons that reintroduce an ethical dimension to economics. Students will learn about the important role ethics and character play in a market economy and how, in turn, markets influence ethical behavior. |
From inside the book
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Contents
Does Science Need Ethics? | 1 |
What Is the Difference Between SelfInterest and Greed? | 17 |
Do Markets Need Ethical Standards? | 29 |
Do Markets Make Us More Moral? | 45 |
What Are the Moral Limits of Markets? | 61 |
What Should We Do About Sweatshops? | 81 |
Should We Allow a Market for Transplant Organs? | 107 |
Is Efficiency an Ethical Concept? | 127 |
Do Businesses Have a Social Responsibility? | 145 |
What Is Economic Justice? | 161 |
Test Bank | 177 |
Glossary of Terms | 185 |
Common terms and phrases
ACTIVITY 6.1 Adam Smith allocative efficiency analyze approach Ask the students asymmetric information behavior competitive markets consumer preferences copy of Activity corporate costs CRITICISMS OF MARKETS customers demand Display Visual doctor donate earn economists employees equilibrium example Explain fair Fiduciary duty Flat tax goal greed incentives individuals issues justice labor market Lesson lives Mackey Maria MARKET IN KIDNEYS market systems Milton Friedman MORAL CRITICISMS moral hazard National nonmarket normative economics number of rewards option organs outcome Outcomes-based ethics owners pain level person perspective play poor positive economics price ceiling price is $0 profits Progressive tax promote Proposer Question responsibility of business Role Card round self-interest sell serum shareholders shortage social responsibility society stakeholders sweatshops Tell the students tion tive transplant treatment Ultimatum Game veil of ignorance virtue Virtue-based ethics wage welfare Whole Foods Market