Ethics, Justice, and Economics

3 credits · Undergraduate

Assumptions of Neoclassical economic theory are critically examined with a focus on the ethical and distributional consequences of using markets as an allocation mechanism. We discuss the major conceptions of economic justice, including utilitarianism and social choice theory, Rawlsian egalitarianism Nozickian libertarianism, Sen’s capabilities approach and equality of opportunity. PREREQUISITES: ECON 2200.03 (or ECON 2210.03 or ECON 2220.03), and ECON 2201.03, with minimum grades of C CROSSLISTED: PHIL 4360.03 EXCLUSIONS: ECON 3360.03, ECON 5360.03, PHIL 3361.03 FORMATS: Lecture