- List of Figures
- List of Tables
- Notes on Contributors
- Adam Smith and the Study of Ethics in a Commercial Society
- Virtue and Economics, Horse and Cart
- With All Due Respect: A Kantian Approach to Economics
- Ethical Pluralism in Economics
- Economic Ethics and the Capability Approach
- Evolution and Moral Motivation in Economics
- Morality as a Complex Adaptive System: Rethinking Hayek’s Social Ethics
- On the Evolution of Ethics, Rationality, and Economic Behavior
- Human Ethicality: Evidence and Insights from Behavioral Economics
- Ethics <i>and</i> Economics: A Complex Systems Approach
- Economics and Ethics within the Austrian School of Economics
- Feminist Economics and Ethics
- Economy and Culture: The Importance of Sense-Making
- Humane Markets: The Classical Tradition of Political Economy
- Capitalism and Democracy: Allies, Rivals, or Strangers?
- The Moral Status of Profit
- The Ethics of Money and Finance
- Ethics <i>and, in</i>, and <i>for</i> Labor Markets
- Cost-Benefit Analysis and Social Welfare Functions
- The Normative Economics of Social Risk
- The Ethics of Making Risky Decisions for Others
- The Tragedy of Economics: On the Nature of Economic Harm and the Responsibilities of Economists
- Economics, Ethics, and Health Insurance
- Deontological Morality and Economic Analysis of Law
- The Ethics and Economics of Ecological Justice
- Civil Rights, Employment, and Race
- Lessons from Economics
Abstract and Keywords
The fact that labor markets have endogenous effects, that labor contracts are incomplete, and that workers and owners have some conflicting interests, distinguishes them from other types of markets such as markets in wheat or gadgets. In this chapter, we explore the consequences of the special nature of labor markets for three specific issues: unemployment, the rise of the gig economy, and the nature and organization of work in a just society. Each of these issues involves the complex interplay of economic considerations with ethics, which implicate considerations such as freedom and coercion, inequality and fairness, and efficiency and productivity.
Michael S. McPherson served as President of the Spencer Foundation, President of Macalester College in St. Paul, Minnesota.
Debra Satz is the Vernon R. and Lysbeth Warren Anderson Dean of the School of Humanities and Sciences, the Marta Sutton Weeks Professor of Ethics in Society, and Professor of Philosophy and (by courtesy) Political Science at Stanford University.
Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.
If you have purchased a print title that contains an access token, please see the token for information about how to register your code.