Economics, Ethics, and Ancient Thought

Towards a virtuous public policy

Donald G. Richards

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English

Routledge
12 December 2019

Western philosophy: Ancient, to c 500; Economic theory & philosophy; Political economy; Economic history

Series: Routledge Studies in the History of Economics

"It is argued that the normative and ethical presuppositions of standard economics render the discipline incapable of addressing an important class of problems involving human choices. Economics adopts too thin an account both of human motivation and of ""the good"" for individuals and for society. It is recommended that economists and policy-makers look back to ancient philosophy for guidance on the good life and good society considered in terms of eudaimonism, or human flourishing.

Economics, Ethics, and Ancient Thought begins by outlining the limitations of the normative and ethical presuppositions that underpin standard economic theory, before going on to suggest alternative normative and ethical traditions that can supplement or replace those associated with standard economic thinking. In particular, this book considers the ethical thought of ancient thinkers, particularly the ancient Greeks and their concept of eudaimonia, arguing that within those traditions better alternatives can be found to the rational choice utilitarianism characteristic of modern economic theory and policy.

This volume is of great interest to those who study economic theory and philosophy, history of economic thought and philosophy of social science, as well as public policy professionals."

By: Donald G. Richards
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 453g
ISBN: 9780367871741
ISBN 10: 0367871742
Series: Routledge Studies in the History of Economics
Pages: 188
Publication Date: 12 December 2019
Audience: College/higher education , Further / Higher Education , A / AS level
Format: Paperback
Publisher's Status: Active

Donald G. Richards is Professor of Economics at Indiana State University. His research interests have focused on international economics and international political economy, writing on intellectual property rights and welfare. In recent years his research has concentrated on sustainability and the environment.