Efficiency is generally regarded as a value-neutral concept, concerned with assessing whether an economy produces at its possibility frontier, that is, generating maximum possible market output with given resources. Efficiency analysis generally rejects concerns with distribution – often...

This paper wants to answer the following question: can economics contribute to a morally decent life? Economics as a science originates from modern moral philosophy. This discipline analyses human nature and its consequences for the way in which social order is maintained. But as economics...

Those who practice economics have moral responsibilities in their professional capacity. An alternative economics literature advances the discipline as both a "moral science" (e.g. Boulding, 1969) and "necessarily ideological" (eg. Heilbroner, 1988). We suggest why, in present circumstances,...