Open Access. Powered by Scholars. Published by Universities.®
- Institution
- Keyword
-
- Appleby (1)
- CBA (1)
- Capitalism (1)
- Consequentialism (1)
- Cost-benefit analysis (1)
-
- Distributive justice (1)
- Economics (1)
- Economics and critical thinking. (1)
- Equity (1)
- Ethics (1)
- Ethics in economics (1)
- Fairness (1)
- Feminist theory (1)
- Historiography (1)
- Law and economics (1)
- Marx (1)
- Migration (1)
- Neoclassical school of economics (1)
- Positive economics (1)
- Postmodernism (1)
- Prioritarianism (1)
- Risk policy (1)
- SWF (1)
- Social choice theory (1)
- Social welfare functions (1)
- Uncertainty (1)
- Utilitarianism (1)
- VSL (1)
- Value of statistical life (1)
- Welfare economics (1)
- Publication
- Publication Type
Articles 1 - 4 of 4
Full-Text Articles in Economic Theory
Capitalism And The Science Of History: Appleby, Marx, And Postmodernism, Patrick D. Anderson
Capitalism And The Science Of History: Appleby, Marx, And Postmodernism, Patrick D. Anderson
Grand Valley Journal of History
Joyce Appleby has written an extensive amount on the origins and development of capitalism, but her work is influenced by her belief that history is a science with at least some objectivity. She rejects Marxism as a relic of past historians with naïve beliefs about finding the laws of nature, but she also rejects postmodern criticisms of history because they undermine any chance for objectivity. Appleby believes the historian can be objective even if politics necessarily colors his or her work. For Appleby, her support of capitalism leads her to make policy recommendations with her historiography, recommendations that change with …
The Social Value Of Mortality Risk Reduction: Vsl Vs. The Social Welfare Function Approach, Matthew D. Adler, James K. Hammitt, Nicholas Treich
The Social Value Of Mortality Risk Reduction: Vsl Vs. The Social Welfare Function Approach, Matthew D. Adler, James K. Hammitt, Nicholas Treich
All Faculty Scholarship
We examine how different welfarist frameworks evaluate the social value of mortality risk-reduction. These frameworks include classical, distributively unweighted cost-benefit analysis—i.e., the “value per statistical life” (VSL) approach—and three benchmark social welfare functions (SWF): a utilitarian SWF, an ex ante prioritarian SWF, and an ex post prioritarian SWF. We examine the conditions on individual utility and on the SWF under which these frameworks display the following five properties: i) wealth sensitivity, ii) sensitivity to baseline risk, iii) equal value of risk reduction, iv) preference for risk equity, and v) catastrophe aversion. We show that the particular manner in which VSL …
Ethics And Critical Thinking, Jonathan B. Wight
Ethics And Critical Thinking, Jonathan B. Wight
Economics Faculty Publications
This chapter seeks to demonstrate that investigations in positive economics rely on ethical perspectives and practices, and further, that critical thinking requires a wider ethical viewpoint than normative economics generally permits. Positive economics generally relies, for example, on the unsung virtues of the investigator who demonstrates honesty and transparency in the search for truth. Ethical failures in this regard are not uncommon (DeMartino, 2011). But another unstated ethical perspective appears in the worldview from which a researcher sets out to model behavior. Modelers almost always assume that rationality requires that an economic actor undertake an action in pursuit of a …
The Implications Of Migration Theory For Distributive Justice, Alexander Sager
The Implications Of Migration Theory For Distributive Justice, Alexander Sager
Philosophy Faculty Publications and Presentations
This paper explores the implications of empirical theories of migration for normative accounts of migration and distributive justice. It examines neo-classical economics, world-systems theory, dual labor market theory, and feminist approaches to migration and contends that neo-classical economic theory in isolation provides an inadequate understanding of migration. Other theories provide a fuller account of how national and global economic, political, and social institutions cause and shape migration flows by actively affecting people's opportunity sets in source countries and by admitting people according to social categories such as class and gender. These empirical theories reveal the causal impact of institutions regulating …