Book description
In this elegant critique, Amartya Sen argues that a closer contact between welfare economics and modern ethical studies can substantively enrich and benefit both disciplines.He argues further that even predictive and descriptive economics can be helped by making more room for welfare economic considerations in the explanation of behavior, especially…
Why read it?
1 author picked On Ethics & Economics as one of their favorite books. Why do they recommend it?
This short book by Nobel Prize winner, the philosopher and economist Amartya Sen, critically analyzes the simplifying assumptions underlying standard economic analysis, such as that people are only interested in advancing their own interests, the undesirable ramifications of these assumptions, and ways to improve economic analysis.
At the same time, the book points to the potential contribution of the economic approach to the study of ethics.
From Eyal's list on ethics and economics.
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