Cover image for The moral dimension : toward a new economics
Title:
The moral dimension : toward a new economics
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Publication Information:
New York : Free Press ; London : Collier Macmillan, c1988.
Physical Description:
p. cm.
ISBN:
9780029099001

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30000001187057 HM35.E89 1988 Open Access Book Book
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Summary

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Author BioAmitai Etzioni, University Professor at George Washington University and Visiting Professor at the Harvard Business School, 1987-89, is the author of numerous books, including The Active Society.


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Etzioni examines the assumptions of neoclassical market economics, finds them wanting, and develops new assumptions, more in accord with actual human behavior. These new assumptions move him toward a new economics. The old economics assumes that a person's principal motivating force is the maximization of individual interests and pleasures. Etzioni argues that this is a very limited explanation of human behavior, including economic behavior. Using relevant literature in psychology, sociology, and philosophy, he develops a different, more inclusive, and complex explanation of human behavior. Very important in this explanation is the moral dimension. An "I/We" paradigm is presented that anchors self-interest within the "broader collectivity, We," a combination critical to understanding a wide variety of human behavior. Thus, the new economics would be based upon a more inclusive ethic than hedonistic utilitarianism and provide a new way of thinking in the social sciences and public policy arenas. Etzioni closes with a detailed propositional inventory of his new socioeconomic theory. See also Mark A. Lutz, Humanistic Economics, the New Challenge (CH, Dec '88), and Thomas Balogh, The Irrelevance of Conventional Economics (CH, Sep '82). This stimulating, important book is highly recommended for academic collections. -P. M. Titus, emeritus, Kenyon College


Table of Contents

Preface
Acknowledgments
Chapter 1 The New Paradigm: Underlying Themes
Part I Beyond Pleasure: The Case For Deontological Social Sciences
Introduction
Chapter 2 Pleasure, Altruism, and the Great X
Chapter 3 Substantive Differences: Moral Not Equal Pleasure
Chapter 4 Some Evidence: People Act Unselfishly
Chapter 5 The Irreducibility of Moral Behavior
Part II Beyond Rationalism: The Role Of Values And Emotions
Introduction
Chapter 6 Normative-Affective Factors
Chapter 7 How Inefficient? The Scope of Intra-Cognitive Limitations
Chapter 8 What Is Rational?
Chapter 9 Instrumental Rationality: Supportive Condition
Chapter 10 Thoughtless Rationality (Rules of Thumb)
Part III Beyond Radical Individualism: The Role Of Community And Power
Introduction
Chapter 11 Collective (Macro) Rationality
Chapter 12 Encapsulated Competition
Chapter 13 Political Power and Intra-Market Relations
Chapter 14 In Conclusion: Policy and Moral Implications
Overview and Propositional Inventory
Bibliography
Name Index
Subject Index