Ethical Codes and Income Distribution
In contemporary non-mainstream economic debate, it is widely thought that the functioning of a market economy needs a set of rules (i.e. institutions) which bind agents in their behaviour, allowing efficient outcomes. This idea is contrary to the General Equilibrium Model (GEM) where markets are pic...
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| स्वरूप: | Online |
| भाषा: | अंग्रेज़ी |
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Taylor & Francis
2025
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| ऑनलाइन पहुंच: | ONIX_20250523T093505_9781134215850_44 |
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| _version_ | 1869526752555958272 |
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| author | Davanzati, Guglielmo Forges |
| author_browse | Davanzati, Guglielmo Forges |
| author_facet | Davanzati, Guglielmo Forges |
| author_sort | Davanzati, Guglielmo Forges |
| collection | Directory of Open Access Books |
| description | In contemporary non-mainstream economic debate, it is widely thought that the functioning of a market economy needs a set of rules (i.e. institutions) which bind agents in their behaviour, allowing efficient outcomes. This idea is contrary to the General Equilibrium Model (GEM) where markets are pictured as working in an institutional vacuum and where social and historical variables play no role. However, in more recent times, a large group of economists have begun to insert social and moral variables into standard models based on the rational choice paradigm, following the increasing interest – on the part of firms – in the possible positive effects of adopting ethical codes. In this key new text Guglielmo Davanzati studies this burgeoning view that ethics and economics can be compatible. Does ‘morality’ affect income distribution? And, if so, what are the effects of the widespread adoption of ethical codes on the functioning of the labour market? Central to Davanzati’s efforts is the thesis that the roots of these new developments can be traced back to the pioneering work of Thorstein Veblen and John Bates Clark. Utilizing their contrasting works, Davanzati’s text illuminates the propagation of ethical codes within the two opposing frameworks i.e. the neoclassical and the institutional. Davanzati’s important book will be an invaluable reference for readers interested in history of economic thought, economics and moral philosophy. |
| format | Online |
| id | doab-20.500.12854ir-160360 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | Taylor & Francis |
| publisherStr | Taylor & Francis |
| record_format | ojs |
| spelling | doab-20.500.12854ir-1603602025-05-24T05:50:55Z Ethical Codes and Income Distribution Davanzati, Guglielmo Forges Moral Norms john Appendix III bates Veblen’s View clark BPA thorstein Rational Choice Paradigm veblen Labour Market Deregulation marginal Leisure Class productivity Altruistic Agents labour Institutional Theoretical Framework market Wages Fund Theory bargaining Veblen’s Theory Webb 1919b Veblen’s Words Neoclassical Picture Neoclassical Theoretical Framework Veblen’s Approach Veblen Goods Clark’s Thought ECB Hayek’s View thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy In contemporary non-mainstream economic debate, it is widely thought that the functioning of a market economy needs a set of rules (i.e. institutions) which bind agents in their behaviour, allowing efficient outcomes. This idea is contrary to the General Equilibrium Model (GEM) where markets are pictured as working in an institutional vacuum and where social and historical variables play no role. However, in more recent times, a large group of economists have begun to insert social and moral variables into standard models based on the rational choice paradigm, following the increasing interest – on the part of firms – in the possible positive effects of adopting ethical codes. In this key new text Guglielmo Davanzati studies this burgeoning view that ethics and economics can be compatible. Does ‘morality’ affect income distribution? And, if so, what are the effects of the widespread adoption of ethical codes on the functioning of the labour market? Central to Davanzati’s efforts is the thesis that the roots of these new developments can be traced back to the pioneering work of Thorstein Veblen and John Bates Clark. Utilizing their contrasting works, Davanzati’s text illuminates the propagation of ethical codes within the two opposing frameworks i.e. the neoclassical and the institutional. Davanzati’s important book will be an invaluable reference for readers interested in history of economic thought, economics and moral philosophy. 2025-05-24T05:50:54Z 2025-05-24T05:50:54Z 2025-05-23T08:01:28Z 2006 book ONIX_20250523T093505_9781134215850_44 https://library.oapen.org/handle/20.500.12657/102455 9781134215850 9780415494113 9780203016794 9781134215843 9780415365390 9781134215805 https://directory.doabooks.org/handle/20.500.12854/160360 eng Routledge Studies in the History of Economics open access image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/102455/1/9781134215850.pdf Taylor & Francis Routledge 10.4324/9780203016794 10.4324/9780203016794 fa69b019-f4ee-4979-8d42-c6b6c476b5f0 9781134215850 9780415494113 9780203016794 9781134215843 9780415365390 9781134215805 Routledge 192 Oxford open access |
| spellingShingle | Moral Norms john Appendix III bates Veblen’s View clark BPA thorstein Rational Choice Paradigm veblen Labour Market Deregulation marginal Leisure Class productivity Altruistic Agents labour Institutional Theoretical Framework market Wages Fund Theory bargaining Veblen’s Theory Webb 1919b Veblen’s Words Neoclassical Picture Neoclassical Theoretical Framework Veblen’s Approach Veblen Goods Clark’s Thought ECB Hayek’s View thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy Davanzati, Guglielmo Forges Ethical Codes and Income Distribution |
| title | Ethical Codes and Income Distribution |
| title_full | Ethical Codes and Income Distribution |
| title_fullStr | Ethical Codes and Income Distribution |
| title_full_unstemmed | Ethical Codes and Income Distribution |
| title_short | Ethical Codes and Income Distribution |
| title_sort | ethical codes and income distribution |
| topic | Moral Norms john Appendix III bates Veblen’s View clark BPA thorstein Rational Choice Paradigm veblen Labour Market Deregulation marginal Leisure Class productivity Altruistic Agents labour Institutional Theoretical Framework market Wages Fund Theory bargaining Veblen’s Theory Webb 1919b Veblen’s Words Neoclassical Picture Neoclassical Theoretical Framework Veblen’s Approach Veblen Goods Clark’s Thought ECB Hayek’s View thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy |
| topic_facet | Moral Norms john Appendix III bates Veblen’s View clark BPA thorstein Rational Choice Paradigm veblen Labour Market Deregulation marginal Leisure Class productivity Altruistic Agents labour Institutional Theoretical Framework market Wages Fund Theory bargaining Veblen’s Theory Webb 1919b Veblen’s Words Neoclassical Picture Neoclassical Theoretical Framework Veblen’s Approach Veblen Goods Clark’s Thought ECB Hayek’s View thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy |
| url | ONIX_20250523T093505_9781134215850_44 |
| work_keys_str_mv | AT davanzatiguglielmoforges ethicalcodesandincomedistribution |