Economics Ethics & Market


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What we observe today and call globalization refers to a number of disparate processes affecting different groups of people in different ways. Some will find that these processes generally produce positive results, while others may experience only negative implications. From the ethical standpoint of the Panel, we need to know not only where we are going at present, but also where, from an ethical point of view, we want to go.

The ethical concerns underlying the approach by the Panel require efforts to balance economic freedom of action with ethical solidarity as required by human rights and ecologically sustainable use of natural resources that respect the natural environment. While it is necessary to study the impact of current trends of globalization, it is even more important to reflect on where we want to go and how current developments can be positively affected from an ethical perspective. The market cannot be the sole governor of social and economic processes.

We should be seeking the movement towards a global society that will provide equal opportunities for all, rather than focusing on economic globalization, which gives the prime benefit to those who are already the strongest actors in the global economic system. Global governance is required for equitable advancement of benefits, particularly for those who are disadvantaged at present, and to offset risks and negative consequences. Global governance must be managed in a decentralized way by states, cooperating within multilateral institutions to harmonize their interests and ensuring broad, general participation and avoiding the hegemony of just a few states.

States have the primary responsibility within their own territory and must recognize their ethical responsibility for the prevention of hunger and for ecological sustainability. The present direction of globalization tends to undermine the capacity of public institutions to ensure a reasonable redistribution that could protect and facilitate opportunities for those who would otherwise suffer from the shocks of transformation. At present, there is also a trend to transform public goods into private property.

Appropriate legislative frameworks for reform are required in order for states to fulfil their responsibilities. Market globalization must be matched by responsible and responsive global governance through institutions capable of ensuring the enjoyment of human rights — including the right to adequate food and to be free from hunger — to everyone.


  • J. J. Graafland, Economics, Ethics and the Market: Introduction and Applications - PhilPapers;
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The international community, through its institutions and organizations, must recognize its duties to offset the negative consequences of globalization on a very unlevel playing field, and to advance conditions that generate equal opportunity for all. Significant achievements in the reduction of hunger cannot be obtained in the globalizing world unless states and the organized international community recognize their obligation to adopt and implement appropriate regulations.

Environmental Econ: Crash Course Economics #22

In the third part of the course, important policy issues will be addressed using the combined powers of ethics and economics developed in the previous parts of the course. In this part, we will examine, among other issues, environmental degradation and global warming, the use of cost-benefit analysis in public policy, unconditional basic income, global inequalities, and economic crises.

This course aims to introduce students the role of ethical reasoning in economic theorizing, in economic policy making and in the organization of economic life. Note: attendance is required — without sufficient attendance students will be excluded from submitting a final paper. The final mark for the course is established by determination of the weighted average of several subtests. The resit consists of one examination for all parts at once, consisting of a final paper.

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The mark for the resit replaces all previously earned marks for subtests. Class participation and completion of practical assignments such as the oral presentation is a mandatory requirement for taking the resit. Students who have obtained a satisfactory grade for the first examination cannot take the resit.

Religious Ethics in the Market Economy

How and when an exam review will take place will be disclosed together with the publication of the exam results at the latest. If a student requests a review within 30 days after publication of the exam results, an exam review will have to be organized. The full reading list will be made available at the beginning of the course.

This year's reading list will include selections from the following book:. Enrolment through uSis is mandatory. Home About us Subjects Contacts. Advanced Search Help. Entire Site De Gruyter Online. Sign in Register.

Global Ethics and Economics - Global Ethic

English Deutsch. Save Email Share. Journal for Markets and Ethics. Open access. Supplementary Materials.

Programma/Contenuti

By: Francesco Forte. By: Giuseppe Franco and Peter Nickl. By: Roberto Lambertini. By: Marco Bartoli.

Economics Ethics & Market Economics Ethics & Market
Economics Ethics & Market Economics Ethics & Market
Economics Ethics & Market Economics Ethics & Market
Economics Ethics & Market Economics Ethics & Market
Economics Ethics & Market Economics Ethics & Market

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