John Maynard Keynes wrote to his grandchildren more than fifty years ago about their economic possibilities, and thus about our own: "I see us free, there fore, to return to some of the most sure and certain principles of religion and traditional virtue - that avarice is a vice, that the exaction of usury is a misde meanour. . . . We shall once more value ends above means and prefer the good to the useful" ("Economic Possibilities for Our Grandchildren," pp. 371-72). In the year 1930 Keynes regarded these prospects as realizable only after a time span ofone hundred years, ofwhich we have now achieved more than half. The pres ent book does not share Keynes's view that the possibility of an integration of ethics and economics is dependent exclusively on the state of economic devel opment, though this integration is certainly made easier by an advantageous total economic situation. The conditions of an economy that is becoming post of ethics, cultural industrial and post-modern are favorable for the unification theory, and economics. Economic development makes a new establishment of economic ethics and a theory ofethical economy necessary. Herdecke and Hanover, October 1987 P. K. TABLE OF CONTENTS Foreword v Introduction . 0. 1. Ethical Economy and Political Economy . . 0. 1. 1. Ethical Economy as Theory ofthe Ethical Presuppositions of the Economy and Economic Ethics 3 0. 1. 2.
Erscheinungsdatum: 30.11.2001

lgrsnf/A:\compressed\10.1007%2F978-94-010-0956-0.pdf

nexusstc/Principles of Ethical Economy/f49492f47ef6633a3f456e4b9eb79bc3.pdf

zlib/Business & Economics/Peter Koslowski (auth.)/Principles of Ethical Economy_2132476.pdf

Springer Science + Business Media BV

Kluwer Academic Publishers

Springer London, Limited

Springer Nature

Issues in business ethics, 17, 1st ed. 2001, Dordrecht, 2001

New edition, Place of publication not identified, 2002

Issues in business ethics, v. 17, Dordrecht, ©2001

United States, United States of America

Springer Nature, Dordrecht, 2012

1 edition, November 30, 2001

Netherlands, Netherlands

1, 20121206

lg978553

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The theory of ethical economy analyses the ethical presuppositions of the market economy. It demonstrates that ethics is the pre-coordination in the motives of the economic agents anteceding the coordination of the price system in the market process. Ethical economy develops a positive theory of economic, ethical, and religious coordination of self-interested action described as a super-assurance game of prisoners' dilemma situations. It conceptualises ethics as the corrective of market failure and religion as the corrective of ethics failure. The formal ethics of coordination is then complemented by a theory of the material-substantive ethics of value qualities. One principle of ethical economy is the classical principle of double effect that is used for a theory of managerial and general decision-making. Unintended side-effects (externalities) are a central problem of decisions of large impact. Management decision making must exploit the potential for positive side-effects and control the negative side-effects of managerial decisions. The theory of ethical economy analyses the principles of just price and fair pricing and the relevance of the theory of just price for the pricing behaviour of the modern firm. <br>
Principles of Ethical Economy forms a theoretical synthesis of the market theory of modern economics and of the natural right tradition of ethics. It creates new insights into the ethics of the market as well as in the economics presuppositions and consequences of ethical duties, virtues, and goods.

Front Matter....Pages i-x
Introduction....Pages 1-16
Economics, Ethics, and Religion....Pages 17-37
Economics and Ethics I....Pages 38-80
Economics and Ethics II....Pages 81-111
Economics and Culture....Pages 112-122
Economics, Ethics, and Decision Theory....Pages 123-141
Economics and Ontology....Pages 142-168
Economic Ethics in the Market Economy....Pages 169-183
Commutative Justice....Pages 184-210
Just Price Theory....Pages 211-243
Conclusion....Pages 244-246
Back Matter....Pages 247-283

2013-08-01