Efficiency, Welfare, and Altruism: Moral Assumptions in Economic Theory and Practice
2001 (English)Book (Other scientific)
This book focuses on two themes: how efficiency is treated in economic theory and how ethics is dealt with in economic practice. Carl-Henric Grenholm argues that economic theory might contribute to a needed revision of mainstream economic theory. Gert Helgesson analyses different efficiency concepts within mainstream economics. The main issue is how Pareto efficiency is related to values, norms, and ideology.
Pareto efficiency and welfare is dealt with in another article by Gert Helgesson. The central problem here is whether the Pareto principle should be applied for practical purposes in the real world. Helgesson argues that it should not.
Roland Granqvist deals with the problems related to the potential Pareto principle. His thesis is that some kinds of altruism should be included in cost-benefit analysis, e.g. concerns for other persons´health and safety. In another article, Roland Granqvist and Hans Lind discuss the "excess burden" of taxes. They argue that the general concept of excess burden has been operationalised in a questionable way. Finally, two articles deal with moral values and ethical convictions in economic practice.
Place, publisher, year, edition, pages
Uppsala universitet, Uppsala , 2001. , 191 p.
, Studies in Ethics and Economics, ISSN 1403-218X ; 8
Efficiency, Economic Theory, Pareto efficiency, Altruism, Welfare
Philosophy Economics and Business
IdentifiersURN: urn:nbn:se:uu:diva-42529ISBN: 91-506-1508-4OAI: oai:DiVA.org:uu-42529DiVA: diva2:70431