archive

The moral heart of economics

A new issue of the Journal of Markets and Morality is now online. Frank Jan De Graaf (Amsterdam): Reintroducing Ethics to Economics and Development Theories. Edward Peter Stringham (Fayetteville State): Embracing Morals in Economics: The Role of Internal Moral Constraints in a Market Economy. Matthew T. Clements (Saint Edward's): Self-Interest vs. Greed and the Limitations of the Invisible Hand. An article on Distributism: Economics as if people mattered. It seems obvious at this late date that Keynes isn't going anyway, and it is long past time for Catholic thinkers to get serious about the subject. A review of Redeeming Economics: Rediscovering the Missing Element by John Mueller. Edward Glaeser on the moral heart of economics. A review of The Virtues of Capitalism: A Moral Case for Free Markets by Austin Hill and Scott Rae. Is it fair to pay bankers big bonuses? Academic economists to consider ethics code: The discussion comes amid new scrutiny of economists, particularly those active in policy debates in Washington and Wall Street while serving on corporate boards. George F. DeMartino on economics as a rogue profession. The Great Recession ushered in the immoral morality of a new, 21st Social Darwinism. Why did economists not foresee the crisis? Raghuram Rajan investigates. The Great Panic of 2015: Has Washington, or the rest of the world, learned anything from the Great Recession? The contemporary Keynes: Which economist is doing most to shape post-crisis thinking?