The Economist's Oath
On the Need for and Content of Professional Economic Ethics
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Product details:
- Publisher OUP USA
- Date of Publication 3 February 2011
- ISBN 9780199730568
- Binding Hardback
- No. of pages272 pages
- Size 236x155x22 mm
- Weight 517 g
- Language English 0
Categories
Short description:
The Economist's Oath seeks to initiate a serious conversation among economists about the ethical content of their work, by raising fundamental questions on the nature of what economists do and how ethics can and should be involved in this.
MoreLong description:
Economists enjoy enormous influence over the life chances of the world's inhabitants, yet do not receive, at any point in their training, any exposure to the professional ethical challenges that their work entails. This lack of attention to professional ethics means that even well-meaning economists will take actions that can cross ethical lines, to the detriment of those whom they seek to serve.
The Economist's Oath seeks to initiate a serious conversation among economists about the ethical content of their work, by raising fundamental questions on the nature of what economists do, the reception that ethics has historically had in the profession and why, how this reception is dangerous for all parties involved, the lessons to be drawn from other professions with advanced professional ethics, the principles that could emerge from professional economics ethics, and the kinds of reform in economic education that might be implied by a commitment to professional ethics. The book does not present an ethical exposé or seek to embarrass the profession or individual economists, nor does it seek to lay down an ethical law for the profession. Instead, it more modestly but more importantly advances the case for the inauguration of a new tradition of inquiry. DeMartino argues that critical inquiry by economists into professional economic ethics would enhance the quality of the services that the profession offers, might help to prevent avoidable and consequential errors and could provide the communities that economists serve with a standard to which economists could be held accountable.
Of course not all economists have ignored ethical issues. Among others, Robert Nelson (2001), Deirdre McCloskey (2006) and Paul Heyne (2008) have given thoughtful critiques of theological and ethical issues in the practice of economics. DeMartino takes those arguments a large step forward, however, arguing that economists, in their everyday practice of doing economics, are not ethical.
Table of Contents:
"I Do Solemnly Swear"
Economics in Practice: What do Economists Do?
Ethical Challenges Confronting the Applied Economist
Historical Perspective: "Don't Predict the Interest Rate!"
Interpreting the Silence: The Economic Case against Professional Economic Ethics
The Economic Case against Professional Economic Ethics: A Rebuttal
The Positive Case for Professional Economic Ethics
Learning from Others: Ethical Thought Across the Professions
Economists as Social Engineers: An Ethical Evaluation of Market Liberalization in the South and Transition Economies
Global Economic Crisis and the Crisis in Economics
On Sleeping Too Well: In Search of Professional Economic Ethics
Training the 'Ethical Economist'
The Economist's Oath
