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Introduction

Authors :
Subramanian Rangan
Publication Year :
2018
Publisher :
Oxford University Press, 2018.

Abstract

Our quest for prosperity has produced great output (i.e. performance) but not always great outcomes (i.e. progress). Despite mounting regulation when it comes to fairness, well-being, and the scope of our humanity, the modern economic system still leaves much to be desired. If practice is to evolve substantively and systematically, then we must help evolve an economic paradigm where mutuality is more systematically complemented by morality. The bases of this morality must rest, beyond the sympathetic sentiments envisaged by Adam Smith, on an expanded and intentional moral reasoning. Moral philosophy has a natural role in informing and influencing such a turn in our thinking, especially when education is the preferred vehicle of transformation. Indeed, rather than just regulate market power we must also better educate market power.

Details

Database :
OpenAIRE
Accession number :
edsair.doi...........758b43c21e77ba494cbceb3bfe43e7b9
Full Text :
https://doi.org/10.1093/oso/9780198825067.003.0001