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Why economics needs ethical theory

In Kaushik Basu & Ravi Kanbur (eds.), Arguments for a Better World: Essays in Honor of Amartya Sen: Volume I: Ethics, Welfare, and Measurement and Volume Ii: Society, Institutions, and Development. Oxford University Press (2008)

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  1. Rationing and Climate Change Mitigation.Nathan Wood, Rob Lawlor & Josie Freear - 2024 - Ethics, Policy and Environment 27 (1):1-29.
    In this paper, we argue that rationing has been neglected as a policy option for mitigating climate change. There is a broad scientific consensus that avoiding the most severe impacts of climate change requires a rapid reduction in global emissions. We argue that rationing could help states reduce emissions rapidly and fairly. Our arguments in this paper draw on economic analysis and historical research into rationing in the UK during (and after) the two world wars, highlighting success stories and correcting (...)
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  • Value Choices in Summary Measures of Population Health.S. Andrew Schroeder - 2017 - Public Health Ethics 10 (2):176-187.
    Summary measures of health, such as the quality-adjusted life year and disability-adjusted life year, have long been known to incorporate a number of value choices. In this paper, though, I show that the value choices in the construction of such measures extend far beyond what is generally recognized. In showing this, I hope both to improve the understanding of those measures by epidemiologists, health economists and policy-makers, and also to contribute to the general debate about the extent to which such (...)
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  • In a democracy, what should a healthcare system do? A dilemma for public policymakers.Malcolm Oswald - 2015 - Politics, Philosophy and Economics 14 (1):23-52.
    In modern representative democracies, much healthcare is publicly funded or provided and so the question of what healthcare systems should do is a matter of public policy. Given that public resources are inevitably limited, what should be done and who should benefit from healthcare? It is a dilemma for policymakers and a subject of debate within several disciplines, but rarely across disciplines. In this paper, I draw on thinking from several disciplines and especially philosophy, economics, and systems theory. I conclude (...)
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