Open AccessEconomic Decision-Making and Ethical Choice
Author(s) -
Kathleen Touchstone
Publication year - 2008
Publication title -
the journal of ayn rand studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.111
H-Index - 9
eISSN - 2169-7132
pISSN - 1526-1018
DOI - 10.5325/jaynrandstud.10.1.0171
Subject(s) - premise , objectivism , ethical decision , epistemology , positive economics , management science , sociology , economics , psychology , philosophy , social psychology
Some economists, notably Gary Becker, claim that economic analysis is applicable to any decision, ethical or otherwise. Ethical principles within Objectivist Ethics are based on long-range success— life being the measure of success. This paper examines these different approaches to decision-making. Decision theory and Rand's Benevolent Universe Premise form the basis for the analysis.
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