Virtues and Economics

Springer has a book series entitled „Virtues and Economics”. Series editors are Peter Rona, (Blackfriars Hall, University of Oxford) and Laszlo Zsolnai. The series is dedicated to virtue ethics and economics. The goal is to help develop a virtue-based economic theory which connects virtues with the contents of economic activities of individuals, unincorporated and incorporated economic agents. The primary context is Catholic Social Teaching but other faith traditions (especially Judaism, Islam, Hinduism, Buddhism, and Confucianism)… Read More »

Words, Objects and Events in Economics

Peter Rona, Laszlo Zsolnai and Agnieszka Wincewicz-Price (ed.) Words, Objects and Events in Economics. Springer, 2021. (This book may be available at: https://www.springer.com/gp/book/9783030526726) This open access book examines from a variety of perspectives the disappearance of moral content and ethical judgment from the models employed in the formulation of modern economic theory, and some of the papers contain important proposals about how moral judgment could be reintroduced in economic theory. The chapters collected in this volume result from… Read More »Words, Objects and Events in Economics

Economic Objects and the Objects of Economics

Peter Rona & Laszlo Zsolnai (Eds.): Economic Objects and the Objects of Economics. Springer, 2018. (This book may be available at https://www.springer.com/us/book/9783319945286) This book examines the nature of economic objects that form the subject matter of economics, and studies how they resemble or differ from the objects studied by the natural sciences. It explores the question of whether economic objects created by modern economics  sufficiently represent economic reality, and confronts the question whether tools, techniques… Read More »Economic Objects and the Objects of Economics

Economic Actors and the Ultimate Goal of the Economy

Laszlo Zsolnai ‘Economic Actors and the Ultimate Goal of the Economy.’ , in Economic Objects and the Objects of Economics, eds. Peter Rona, and Laszlo Zsolnai, Springer, 2018. (This book may be available at: https://www.springer.com/us/book/9783319945286) Mainstream economics employs a rather simplified picture of economic systems. Economic actors are grouped into three categories, namely individuals/households, firms, and the state. Among these actors only monetized transactions are considered. The ultimate goal of the economy is defined as maximization of individual income… Read More »Economic Actors and the Ultimate Goal of the Economy

Economics as a Moral Science

Peter Rona & Laszlo Zsolnai (Eds.): Economics as a Moral Science. Springer, 2017. (This book may be available at: Springer) The book is an attempt to reclaim economics as a moral science. It argues that ethics is a relevant aspect of all levels of economic activity, from individual and organizational to societal and global. Taking ethical considerations into account is needed in explaining and predicting the behavior of economic agents as well as in evaluating and designing… Read More »Economics as a Moral Science

Issues and Themes in Moral Economics

Laszlo Zsolnai ‘Issues and Themes in Moral Economics.’ , in Economics as a Moral Science, eds. Peter Rona, and Laszlo Zsolnai, Springer, 2017. (This book may be available at: Springer) This paper summarizes the main issues and themes in the development of moral economics. Zamagni suggests that we can harness market interactions by re-defining the market in a non-individualistic way, as a network of mutually beneficial relations, along the lines suggested by the civil economy paradigm. Bouckaert underlines that… Read More »Issues and Themes in Moral Economics

Economic Rationality versus Human Reason

Laszlo Zsolnai ‘Economic Rationality versus Human Reason .’ , in Economics as a Moral Science, eds. Peter Rona, and Laszlo Zsolnai, Springer, 2017. (This book may be available at: Springer) First the paper analyses the rationality assumptions of mainstream economics and shows that they are empirically misleading and normatively inadequate. It argues that the world ruled by self-interest based rationality of economic actors leads to ’unreason’ from a wider ecological and human perspective. The paper illuminates that human reason… Read More »Economic Rationality versus Human Reason

Agenda for Future Research and Action

Peter Rona, & Laszlo Zsolnai ‘Agenda for Future Research and Action.’ , in Economics as a Moral Science, eds. Peter Rona, and Laszlo Zsolnai, Springer, 2017. (This book may be available at: Springer) This paper is about the restoration of economics as a moral science. It is argued that economics, unlike the natural sciences, does not have an ontologically objective subject, because economic life, unlike matter, is the product of human intentionality. Economic phenomena are always necessarily incommensurate because… Read More »Agenda for Future Research and Action