- The Oxford Handbook of Professional Economic Ethics
- Introduction, or Why This Handbook?
- The <i>Skin-in-the-Game</i> Heuristic for Protection Against Tail Events
- The Ethics of Economic Decision Rules
- In Praise of Imperfect Commitment: An Ethic of Power, Professionalism and Risk
- “Econogenic Harm”: On the Nature of and Responsibility for the Harm Economists Do as They Try to Do Good
- About Doing the Right Thing as an Academic Economist
- The Social Responsibility of Economists
- The Ethical Economist: Duty and Virtue in the Scientific Process
- Ethics in Relation to Economics, Ecology, and Eschatology
- Poisoning the Well, or How Economic Theory Damages Moral Imagination
- Economists’ Odd Stand on the Positive–Normative Distinction: A Behavioral Economics View
- The Complex Ethical Consequences of “Simple” Theoretical Choices
- Good, Evil, and Economic Practice
- Alternative Ethical Perspectives on the Financial Crisis: Lessons for Economists
- Economists’ Ethics in the Build-Up to the Great Recession
- Ethics and Advances in Economic Science: The Role of Two Norms
- The Meaning of <i>Deceive</i> in Experimental Economic Science
- Honesty and Integrity in Econometrics
- Lady Justice Versus Cult of Statistical Significance: Oomph-less Science and the New Rule of Law
- Balancing Risk and Benefit: Ethical Tradeoffs in Running Randomized Evaluations
- Conducting Ethical Economic Research: Complications from the Field
- The Unprincipled Randomization Principle in Economics and Medicine
- Professional Disequilibrium: Conflict of Interest in Economics
- Considerations on Conflict of Interest in Academic Economics
- Ethics, Economic Advice, and Economic Policy
- Neoclassical Economics as the New Social Engineering: The Debacle of the Russian Post-Socialist Transition
- The Ethics of Economic Development and Human Displacement
- How Can We Better Address the Gaps in our Knowledge about Development Effectiveness?
- Confessions of a Policy Analyst
- Ethics and the Government Economist
- The Ethics Problem: Toward a Second-Best Solution to the Problem of Economic Expertise
- First Tell No Untruth
- Ethical Issues in Forensic Economics
- Exposure and Dialogue Programs in the Training of Development Analysts and Practitioners
- Ethics and Learning in Undergraduate Economics Education
- Creating Humble Economists: A Code of Ethics for Economists
- Codes of Ethics for Economists, Pluralism, and the Nature of Economic Knowledge
- Author Index
Abstract and Keywords
Contemporary mainstream economics has widely “poisoned the well” from which people get their ideas about the relationship between economics and ethics. The image of economic life as inherently characterized by self-interest, utility- and profit-maximization, and mechanical controllability has caused many businesspeople, judges, sociologists, philosophers, policymakers, critics of economics, and the public at large to come to tolerate greed and opportunism, or even to expect or encourage them. This chapter raises and discusses a number of counterarguments that might be made to the charge that current dominant professional practice is having negative ethical effects, as well as discussing some examples of the harms inflicted in the areas of law, care work, the environment, and ethics itself.
Julie Nelson is Department Chair and Professor of Economics in the College of Liberal Arts at University of Massachusetts Boston.
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