- 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
This chapter introduces the capability approach and discusses its role in economic ethics. More specifically, we discuss the concept of well-being and freedom underlying the general capabilitarian framework and argue that a number of characterizing features of the capability approach, such as its focus on ends instead of means or the conception of freedom employed in it, makes it particularly well suited for the evaluation of institutions and economic systems in economic ethics. The article concludes by pointing to a number of limits and constraints of the capabilitarian framework in economic ethics.
Constanze Binder is Assistant Professor in Philosophy at the Faculty of Philosophy, Co-Director of the Erasmus Institute for Philosophy and Economics, and Programme Director of the Research Master programme in Philosophy and Economics at Erasmus University Rotterdam.
Ingrid Robeyns is an economist and philosopher and holds the Chair in Ethics of Institutions at the Ethics Institute at Utrecht University.
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