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  • Print publication year: 2019
  • Online publication date: November 2019

14 - Ethics and the Problem of Power

from Part V - Is a New Paradigm Possible?


In the framework of a critical illustration of the contemporary history of economics, this chapter recalls the foundations of utilitarianism and the ethics of consequences and provides a survey of research on income inequalities. Then it provides a critical history of welfare economics. It illustrates Sen’s notion of capabilities. It opposes conservative, revolutionary and reformist views on the evolution of capitalism and, finally, discusses a rather unusual topic, the economists’ ethics.

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