The ethics of capitalism: an introduction
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New York, NY
Oxford University Press
[2020]
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Includes bibliographical references and index |
| Beschreibung: | xvi, 264 Seiten Diagramme |
| ISBN: | 9780190096205 9780190096212 |
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Contents Preface for Students Preface for Instructors Acknowledgments 1. Introduction: What Is This Book about? 1. Everyone Hates Capitalism? 2. What Is Capitalism? 3. What Are the Alternatives to Capitalism? 4. The “Ethics of Capitalism”: An Oxymoron? Conclusions Study Questions 2. Capitalism Seemed Like a Good Idea at the Time: The Rise and Fall (and Resurrection?) of Political Economy 1. 1770-1868: The “Golden Age” of Political Economy 2. The “Fragmented Age:” Economics and Political Philosophy in the 20th Century 3. The Idea of Economic Justice Conclusions Study Questions Further Reading 3. Getting Out of Feudalism—and Staying Out! 1. Feudalism and Capitalism 2. Great Escapes: Australian Convicts, American Radicals, and Other Heroes 3. Signs of a Revival of Feudalism? 4. Inherited Wealth and the Return of the “Rentier” 5. Big Business and Labor Market Domination Conclusions Study Questions Further Reading 4. Market Order and Market Failure 1. Spontaneous Orders and Why They Matter 2. Prices and Information 3. Can Markets Fail? xi xiii xv 1 1 2 9 14 17 17 19 19 26 31 34 34 35 38 38 43 45 47 49 55 56 56 58 58 63 66
viii CONTENTS 4. Markets Behaving Badly A. Price Gouging B. Positional Goods C. Public Goods 5. Market Failure or Government Failure? Conclusions Study Questions Further Reading 5. So Why Not Socialism? 70 70 73 7Λ 76 ~9 80 80 82 1. The Century of Socialism 2. What Is Socialism? 3. Types of Socialism A. “Utopian” Socialism B. Anarchism C. Marxism 4. Market Socialism 5. Problems with Socialism 6. Ideals and Reality 7. Ethical Socialism Conclusions Study Questions Further Reading 82 8.՝ 85 85 87 80 92 05 101 102 104 104 105 6. Low Wages and Lousy Jobs 100 1. The Old Stories: Malthus, Mill, and Competition among the Unskilled 2. What Makes a Lousy Job Lousy? 3. Is Alienated Labor Underrated? 3. Exploitation—Not Getting Out What You Put In 4. Exploitation—Alternatives to Marx 5. The New Story: Runaway Incomes at the Top Conclusions Study Questions Further Reading 7. The Welfare State and Its Rivals 1. Labor Markets and the Minimum Wage 2. The Classic Welfare State 3. Subsidized Idleness or Empowerment for the Masses? The Case for Universal Basic Income 4. Prevention Is Better Than Cure?Property-Owning Democrac)· 5. Meritocracy 6. Comparing Systems 1oo 111 115 119 !2o 12 3 128 1 շ8 1 շ9 130 11 о 135 13 9 144 147 148
CONTENTS Conclusions Study Questions Further Reading 8. We Are the World; or, How I Learned to Stop Worrying and Love Global Trade 1. 2. 3. 4. 5. Globalization—The New Common Enemy? Homo Mercator Why D o We Trade Anyway? The British Empire and the Persistence of Pseudo-Trade The Old Skepticism: Mercantilism and Why the British Empire Was Actually Bad for the British 6. The New Skepticism: Populism in the 21st Century 7. Trade Justice in the 21st Century 8. If Trade Isn’t the Enemy, Then What (or Who) Is? A. Protectionism and Subsidizing Failing Industries B. Mobility of Capital and Its Impact on Taxation C. Automation Conclusions Study Questions Further Reading ІХ 149 149 150 152 152 154 15 5 160 161 165 168 171 171 172 172 173 173 174 9. Keeping Up with the Joneses (and the Kardashians): Positional Goods and Wars of All against All 175 1. We Can’t All Be Better Than Average 2. Zero Sum versus Positive Sum 3. Capitalism’s Great Disappointment? 4. Arms Races, Good and Bad 5. Peace Treaties and Finish Lines Conclusions Study Questions Further Reading 175 180 183 187 191 193 194 194 10. Why Are We Still Working So Hard? 1. Keynes and the 15-Hour Week 2. What Jobs Are Machines “Stealing” and How? 3. More on Machine Misbehavior 4. The (Moral) Importance of Leisure Time 5. The End of Work? Conclusions Study Questions Further Reading 196 196 200 203 207 211 212 213 213
x CONTENTS 11. Do Markets Wreck the Planet? 1. Stories of Destruction A. Markets Aren’t the Only Culprits B. Resources Often Get Consumed More Readily Than Conserved C. Resources Aren’t Intrinsically Limited 2. Why Is the Environment So Vulnerable? Collective Action Problems and the Distribution of Incentives A. Prevention B. Alleviation 3. Ifit Ain’t Broke Don’t Sell It? Planned Obsolescence 4. Who Wants to Shoot a Rhino? Markets and Conservation Conclusions Study Questions Further Reading 12. Boldly Going Where No Market Has Gone Before—Should Some Things Not Be for Sale? 1. Kidneys, Used Underwear, and Tossed Dwarfs: Intuitive Discomfort about Commodification 2. The Moral Downsides of Prohibition 3. Are Some Things “Beyond Price”? 4. Markets as Hierarchy Reinforcers 5. Maybe It’s Just All Too Much? Privacy and the Need for (Any Kind of) Market- Free Zone Conclusions Study Questions Further Reading References Index 215 215 -18 219 222 228 225 225 229 232 232 2З3 234 234 284 241 244 24՜ 244 244 280 2 51 259 |
| adam_txt |
Contents Preface for Students Preface for Instructors Acknowledgments 1. Introduction: What Is This Book about? 1. Everyone Hates Capitalism? 2. What Is Capitalism? 3. What Are the Alternatives to Capitalism? 4. The “Ethics of Capitalism”: An Oxymoron? Conclusions Study Questions 2. Capitalism Seemed Like a Good Idea at the Time: The Rise and Fall (and Resurrection?) of Political Economy 1. 1770-1868: The “Golden Age” of Political Economy 2. The “Fragmented Age:” Economics and Political Philosophy in the 20th Century 3. The Idea of Economic Justice Conclusions Study Questions Further Reading 3. Getting Out of Feudalism—and Staying Out! 1. Feudalism and Capitalism 2. Great Escapes: Australian Convicts, American Radicals, and Other Heroes 3. Signs of a Revival of Feudalism? 4. Inherited Wealth and the Return of the “Rentier” 5. Big Business and Labor Market Domination Conclusions Study Questions Further Reading 4. Market Order and Market Failure 1. Spontaneous Orders and Why They Matter 2. Prices and Information 3. Can Markets Fail? xi xiii xv 1 1 2 9 14 17 17 19 19 26 31 34 34 35 38 38 43 45 47 49 55 56 56 58 58 63 66
viii CONTENTS 4. Markets Behaving Badly A. Price Gouging B. Positional Goods C. Public Goods 5. Market Failure or Government Failure? Conclusions Study Questions Further Reading 5. So Why Not Socialism? 70 70 73 7Λ 76 ~9 80 80 82 1. The Century of Socialism 2. What Is Socialism? 3. Types of Socialism A. “Utopian” Socialism B. Anarchism C. Marxism 4. Market Socialism 5. Problems with Socialism 6. Ideals and Reality 7. Ethical Socialism Conclusions Study Questions Further Reading 82 8.՝ 85 85 87 80 92 05 101 102 104 104 105 6. Low Wages and Lousy Jobs 100 1. The Old Stories: Malthus, Mill, and Competition among the Unskilled 2. What Makes a Lousy Job Lousy? 3. Is Alienated Labor Underrated? 3. Exploitation—Not Getting Out What You Put In 4. Exploitation—Alternatives to Marx 5. The New Story: Runaway Incomes at the Top Conclusions Study Questions Further Reading 7. The Welfare State and Its Rivals 1. Labor Markets and the Minimum Wage 2. The Classic Welfare State 3. Subsidized Idleness or Empowerment for the Masses? The Case for Universal Basic Income 4. Prevention Is Better Than Cure?Property-Owning Democrac)· 5. Meritocracy 6. Comparing Systems 1oo 111 115 119 !2o 12 3 128 1 շ8 1 շ9 130 11 о 135 13 9 144 147 148
CONTENTS Conclusions Study Questions Further Reading 8. We Are the World; or, How I Learned to Stop Worrying and Love Global Trade 1. 2. 3. 4. 5. Globalization—The New Common Enemy? Homo Mercator Why D o We Trade Anyway? The British Empire and the Persistence of Pseudo-Trade The Old Skepticism: Mercantilism and Why the British Empire Was Actually Bad for the British 6. The New Skepticism: Populism in the 21st Century 7. Trade Justice in the 21st Century 8. If Trade Isn’t the Enemy, Then What (or Who) Is? A. Protectionism and Subsidizing Failing Industries B. Mobility of Capital and Its Impact on Taxation C. Automation Conclusions Study Questions Further Reading ІХ 149 149 150 152 152 154 15 5 160 161 165 168 171 171 172 172 173 173 174 9. Keeping Up with the Joneses (and the Kardashians): Positional Goods and Wars of All against All 175 1. We Can’t All Be Better Than Average 2. Zero Sum versus Positive Sum 3. Capitalism’s Great Disappointment? 4. Arms Races, Good and Bad 5. Peace Treaties and Finish Lines Conclusions Study Questions Further Reading 175 180 183 187 191 193 194 194 10. Why Are We Still Working So Hard? 1. Keynes and the 15-Hour Week 2. What Jobs Are Machines “Stealing” and How? 3. More on Machine Misbehavior 4. The (Moral) Importance of Leisure Time 5. The End of Work? Conclusions Study Questions Further Reading 196 196 200 203 207 211 212 213 213
x CONTENTS 11. Do Markets Wreck the Planet? 1. Stories of Destruction A. Markets Aren’t the Only Culprits B. Resources Often Get Consumed More Readily Than Conserved C. Resources Aren’t Intrinsically Limited 2. Why Is the Environment So Vulnerable? Collective Action Problems and the Distribution of Incentives A. Prevention B. Alleviation 3. Ifit Ain’t Broke Don’t Sell It? Planned Obsolescence 4. Who Wants to Shoot a Rhino? Markets and Conservation Conclusions Study Questions Further Reading 12. Boldly Going Where No Market Has Gone Before—Should Some Things Not Be for Sale? 1. Kidneys, Used Underwear, and Tossed Dwarfs: Intuitive Discomfort about Commodification 2. The Moral Downsides of Prohibition 3. Are Some Things “Beyond Price”? 4. Markets as Hierarchy Reinforcers 5. Maybe It’s Just All Too Much? Privacy and the Need for (Any Kind of) Market- Free Zone Conclusions Study Questions Further Reading References Index 215 215 -18 219 222 228 225 225 229 232 232 2З3 234 234 284 241 244 24՜ 244 244 280 2 51 259 |
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