Teaching the Ethical Foundations of Economics
Contains 10 lessons that reintroduce an ethical dimension to economics. Students will learn about the important role ethics and character play in a market economy and how, in turn, markets influence ethical behavior.
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Does Science Need Ethics?
What Is the Difference Between SelfInterest and Greed?
Do Markets Need Ethical Standards?
Do Markets Make Us More Moral?
What Are the Moral Limits of Markets?
What Should We Do About Sweatshops?
Should We Allow a Market for Transplant Organs?
Is Efficiency an Ethical Concept?
Do Businesses Have a Social Responsibility?
What Is Economic Justice?
Glossary of Terms
action ACTIVITY allocation answers approach behavior better choices competition consider consumers continued corporate costs countries create customers decisions define demand desire discuss doctor donate duty earn economic economists effective efficiency employees ethical example Explain facts fair fiduciary firms force give goal greed human ignorance important incentives income increase individuals interests issues justice kidneys labor Lesson lives market systems means moral offer organs outcome pain patients person play poor positive preferences problems profits promote Proposer Question rational receive requires responsibility rewards role round School self-interest sell social social responsibility society standards supply sweatshops Tell the students theory tion transplant treatment values Visual wage welfare workers