Description : The fatal embrace of human rights and neoliberalism Drawing on detailed archival research on the parallel histories of human rights and neoliberalism, Jessica Whyte uncovers the place of human rights in neoliberal attempts to develop a moral framework for a market society. In the wake of the Second World War, neoliberals saw demands for new rights to social welfare and self-determination as threats to "civilisation". Yet, rather than rejecting rights, they developed a distinctive account of human rights as tools to depoliticise civil society, protect private investments and shape liberal subjects.
Description : The Morals of Markets offers a philosophically and historically informed defense of a market-based form of social organization. Acton discusses the profit motive, competition, monopoly, the supposed impersonality of the marketplace, the assumed chaos of markets, self-interest, egalitarianism, central planning, and distributive justice. For all their high moral tone, Acton concludes the criticisms leveled and the political platforms proffered against free markets are full of contradictions and unanalyzed assumptions. A particular strength of Acton's book is that he is himself something of a moral traditionalist.
Description : This collection of essays by one of America's leading legal theorists is unique in its scope: it shows how traditional problems of philosophy can be understood more clearly when considered in terms of law, economics, and political science.
Description : The most damning criticism of markets is that they are morally corrupting. As we increasingly engage in market activity, the more likely we are to become selfish, corrupt, rapacious and debased. Even Adam Smith, who famously celebrated markets, believed that there were moral costs associated with life in market societies. This book explores whether or not engaging in market activities is morally corrupting. Storr and Choi demonstrate that people in market societies are wealthier, healthier, happier and better connected than those in societies where markets are more restricted. More provocatively, they explain that successful markets require and produce virtuous participants. Markets serve as moral spaces that both rely on and reward their participants for being virtuous. Rather than harming individuals morally, the market is an arena where individuals are encouraged to be their best moral selves. Do Markets Corrupt Our Morals? invites us to reassess the claim that markets corrupt our morals.
Description : The first UK ethical fund was launched by Friends Provident 'Stewardship' in 1984. There are now about 44 ethical funds totalling around �3 billion in assets, involving 200,000 individual investors. The current government are actively encouraging ethical investment and looking to recommend it as a method for cleaning up markets and industry without direct government intervention. As a result, in July 2001 the first standardized benchmark for socially responsible investment in the UK - the FTSE4Good UK Index - was launched, provoking criticisms concerning the criteria for inclusion in the index. Ethical investors, on the one hand, are driven to increase their wealth but, on the other hand, also want to satisfy their moral concerns. With the consequential restriction of portfolios why are an increasing number of investors doing this? Are people really prepared to take a financial loss in order to maintain their morals? Morals, Market and Money presents the case for ethical investing. It is a timely study of this new, and often controversial, movement and analyses the conflict between 'rational economic man' and 'moral man'. The book examines: the history of ethical funds how they are marketed and viewed by the industry and media changes in the investment climate recent policy initiatives the characteristics of ethical investors and their perceptions of current risk and return. Morals, Markets and Money will be a thought-provoking and illuminating read for economists, financial advisors, professional investors and those with a vested interest in generating wealth without compromising their conscience.
Description : The examination of the relationship of economic activity to other important aspects of human life and social behavior has inspired some of the most interesting and provocative social-scientific research in the past one hundred years. This book of original essays by leading thinkers across many disciplines offers new insights into enduring questions about how modern and modernizing market economies are both shaped by and shapers of morality, values, and religion.Part 1, "Markets and Morals," offers eight contributors who provide analyses of the various ways in which the market operates in relation to morality. An empirical presentation of moral values and market attitudes is given. Other essays take aim at how markets serve and disserve moral interests: Economic growth has moral consequences; the manipulation of markets exposes a moral underside; the nature of market failure has implications for understanding moral vulnerability; preference change has moral implications. In other chapters, a broad consideration of the positive moral effects of market economies is offered along with historical essays on the role that intellectuals have played in debates about the positive and negative effects of commercial life and on the ways in which the American idea of the pursuit of happiness reveals much about the morality of economic life.In Part 2, "Markets and Religion," nine contributors address both the historical and contemporary emergence of religious factors in the growth and transformation of global capitalism. Major religious traditions, including Judaism, Christianity, and Islam are examined for their contributions to answering questions about the nature and function of economic life in light of religious ideas and ideals. Several essays present original approaches to the importance of religious values to modern forms of consumption and to the political economy of reconciliation and forgiveness in nations coming to terms with past conflict. Finally, t
Description : In this lively and interesting study, G. R. Searle tackles the conundrum at the heart of Victorian life: how could capitalist values be harmonized with Christian beliefs and with concepts of public morality and social duty? Middle-class Victorians who broadly welcomed industrial growth andembraced the doctrines of `political economy' were sensitive to the charge that theirs was a selfish and materialistic creed. Consequently, if public morality was to be reconciled with the market, wage-labour had to be distinguished from slavery, investment from speculation, and entrepreneurialacumen from dishonesty and fraud. These ideas about citizenship and public virtue offered a greater challenge to rampant capitalism than any pressing need to alleviate poverty. Through its exploration of `Victorian values', this book provides lessons for all those engaged in the present-day debateabout the moral and social consequences of unleashing free market forces.
Description : Are inequalities of income created by the free market just? In this book Serena Olsaretti examines two main arguments that justify those inequalities: the first claims that they are just because they are deserved, and the second claims that they are just because they are what free individuals are entitled to. Both these arguments purport to show, in different ways, that giving responsible individuals their due requires that free market inequalities in incomes be allowed. Olsaretti argues, however, that neither argument is successful, and shows that when we examine closely the principle of desert and the notions of liberty and choice invoked by defenders of the free market, it appears that a conception of justice that would accommodate these notions, far from supporting free market inequalities, calls for their elimination. Her book will be of interest to a wide range of readers in political philosophy, political theory and normative economics.