Normative Economics

Martin Kolmar ()
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Martin Kolmar: University of St. Gallen

Chapter 5 in Principles of Microeconomics, 2017, pp 83-97 from Springer

Abstract: Abstract This chapter covers … what consequentialist and deontological theories of justice are and how they relate to virtue ethics. how mainstream economics is based on a consequentialists’ ideas of justice. the concept of Pareto efficiency and why competitive markets are efficient. how there could be tensions between efficiency and distributional objectives. how individuals can fail to do what is good for them.

Keywords: Pareto Efficiency; Virtue Ethics; Ego Depletion; Pareto Improvement; Institutions Start (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-319-57589-6_5

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DOI: 10.1007/978-3-319-57589-6_5

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