Edward Elgar Publishing The Ethics and the Economics of Minimalist Government

Product Description Because it is technically flawed and morally bankrupt, the author argues, the economist's consequence-based, procedurally detached theory of the state has contributed to the growth of government. As part of the Kantian-Rawlsian contractarian project, this book seeks to return economics to its foundations in moral philosophy. Given the moral equivalence of persons, the greatest possible equal participation must be promoted, persons must be impartially treated and, because it is grounded in consequentialist social welfare theory (SWT), the economist's theory of the state must be rejected. Ad hoc deployment of SWT has facilitated discriminatory rent seeking and contributed to larger government. In contrast, this book argues that equal political participation and a constitutional impartiality constraint minimize rent seeking, respect individual perceptions of the 'public good' and underwrite the legitimacy of government. Economists, moral philosophers and political scientists will find this book a unique contribution to the literature. Review '. . . Roth's book is useful and valuable. Using modern secular thought as his starting point, he reaches roughly the same conclusions that one would reach reasoning from the older Christian tradition. There is certainly much to like about that effort.' About the Author Timothy P. Roth, A.B. Templeton Professor and Chairman, Department of Economics and Finance, University of Texas, El Paso, US