The Prisoner’s Dilemma is a key idea of modern game theory. It describes the difficulties of sustaining cooperation when individuals have reasons to defect from a cooperative agreement. This paradigm has even been used to define ethical behaviour. Kant’s Categorical Imperative requires that for a moral maxim to be ethical (for an individual) it must [...]
Economics has a best seller. Thomas Piketty’s, “Capital in the 21st Century”. I couldn’t get a copy locally (the book is not available even at Amazon.com such is the demand) but have read a few reviews and watched a video where Piketty presents his ideas that are then analyzed by Paul Krugman, Joseph Stiglitz and [...]
I have been reading Thomas Cathcart’s, “The Trolley Problem or Would You Throw the Fat Guy Off the Bridge”. This is one of two popular book length accounts of this well-known problem in ethics. It’s a fun read that taught me a lot about utilitarianism and its problems. Many books on moral philosophy are dull [...]
(Preliminary thoughts. Comments welcome).
I don’t know the exact answer to this but who could? We should give something on the basis of deontology (Kant’s ”helping a stranger” problem – the imperative is to give at least a “little” where “little” is defined as that amount that creates “low” costs to us). This sets a [...]
This is the tragic tale of the wife of one of the Indians sentenced to hanging for rape and murder. Her life, and that of her son, is bleak given the actions of the father. Not because the father is a rapist but because she now has no husband to provide her with subsistence. It [...]
There is no question that Syria’s Bashar Assad is one of the Middle East’s worst tyrants. I am sympathetic to the American position here – that he should be punished for using chemical weapons against his own citizens – the videos I saw were horrific – particularly the distraught father trying to rouse his dead [...]
This is a nice piece on the merits and demerits of markets.
It is a discussion by Thomas Wells of Michael Sandel’s, What Money Can’t Buy: The Moral Limits of Markets. The claim by Sandler is that markets degrade certain relationships and “products”.
Wells points out that conventional economics criticises markets strongly whenever natural [...]
J. King referred me to this piece by Luigino Bruni and Robert Sugden that defends capitalism from the perspective of virtue ethics. Poor old capitalism gets a rubbishing from many undergraduate Arts students because of its imperfections and outright corruption. The undergraduates note this on their iPads just before they drive off to that new [...]
Greg Mankiw in his recent JEP study “Defending the One Percent” provides the following contra to the Rawls (1971) “veil of ignorance” argument:
“A common thought experiment used to motivate income redistribution is to imagine a situation in which individuals are in an “original position” behind a “veil of ignorance”…. This original position occurs in [...]
I am teaching a new course on “Economics and Ethics” this semester. It is oriented towards students doing joint degrees in philosophy, politics and economics – a strand of work that follows a famous degree offered at Oxford University. It came at a convenient time given that, for the last year, I have been reading [...]
Phillip Morris have apologised to the Czechs for presenting, as a business case in favour of smoking, that a financial benefit from smoking is that it kills people early thereby saving the state money on health care and pensions. Of course they should not have apologised for this since the claim is definitely true – [...]
This New Scientist article suggests not necessarily. The thinking reflects the theme of a recent exhibition in London. Some snippets (with my responses):
“Extinction, like death, is a natural part of life,” declares an epigraph at the start of this exhibition. “Extinction isn’t necessarily the end of the world, it could be just the beginning…” [...]
Vulgar views of Adam Smith suggest that he is an unqualified supporter of laissez faire capitalism. That isn’t true even in his Wealth of Nations where, for example, Smith provides a rationale for the existence of public goods based on the fixed costs of supplying infrastructure. More modern writers have recognised Smith’s criticisms of commercialism [...]
Consider feminism and the application of care ethics to purely human ethical issues. There are related to certain environmental and animal rights ethical concerns (e.g. eco-feminism) and hence to issues I am interested in but I will not discuss such things here – they are more related in any event to feminist critiques of male [...]
Anti-coal campaigner Jonathan Moylan’s actions in disrupting the market for Whitehaven stock a few days ago was intended to be a moral action. It is not immoral to have principles and to take a strong stance against the use of coal given the imminent problem of climate change that the world now faces. On the [...]
I have been engaged in trying to understand some environmental ethical issues. Comments very welcome. (3675)
I am doing some work on environmental and specifically animal ethics. Comments appreciated on this first draft on the animal ethics topic. (1411)
This Inside-Out China blog posting pours scorn on the notion of animal rights much to the delight of Jason Soon at Catallaxy. The Chinese sometimes have an insensitive way of dealing with animals but I am not surprised that libertarians oppose criticisms of people’s rights to do with non-human life what they like. It accords [...]