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Reckoning with Markets – The Role of Moral Reflection in Economics - Oxford Scholarship Online
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Reckoning with Markets: The Role of Moral Reflection in Economics

James Halteman and Edd S. Noell


This book follows the flow of economic thinking from ancient times by observing how moral issues impacted economic ideas and social organization. Over the centuries, thinkers such as Aristotle and Thomas Aquinas emphasized what was right and good more than the pursuit of social efficiency. That changed when scientific methods no longer required moral considerations and economics adopted a values-free scientific methodology. A positive-normative dichotomy has served the profession well in many ways, but there have been voices arguing for a more values-oriented approach to the discipline. Now mi ... More

Keywords: moral issues, methodology, interdisciplinary, homoeconomicus, adam smith, thorstein veblen, aristotle, thomas aquinas

Bibliographic Information

Print publication date: 2012 Print ISBN-13: 9780199763702
Published to Oxford Scholarship Online: May 2012 DOI:10.1093/acprof:oso/9780199763702.001.0001


Affiliations are at time of print publication.

James Halteman, author
Wheaton College

Edd S. Noell, author
Westmont College