In this note, I respond to a recent article by Irene van Staveren (2007) in this journal, where she presents a case for virtue ethics, rather than deontology or consequentialism, as the most appropriate philosophical foundation for economics. Rather than taking issue with her positive arguments...

This paper outlines a critique of neoclassical law and economics based on the ethics of Immanuel Kant, focusing on four central topics: efficiency as the sole evaluative criterion for policy-making, hypothetical compensation in Kaldor-Hicks efficiency, the instrumental nature of rights and the...

This note is a critical response to Louis Kaplow and Steven Shavell's recent treatise on law and economics, Fairness Versus Welfare, in which they argue that legal decision-making should be conducted with the sole goal of welfare-maximization. After a brief summary of the book, this paper...