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Value in Ethics and Economics

Value in Ethics and Economics

Elizabeth Anderson

ISBN 9780674931909

Publication date: 08/11/1995

Elizabeth Anderson offers a new theory of value and rationality that rejects cost–benefit analysis in our social lives and in our ethical theories. This account of the plurality of values thus offers a new approach, beyond welfare economics and traditional theories of justice, for assessing the ethical limitations of the market. In this light, Anderson discusses several contemporary controversies involving the proper scope of the market, including commercial surrogate motherhood, privatization of public services, and the application of cost–benefit analysis to issues of environmental protection.


  • Anderson is anxious to combat what she sees as a tendency for commercial values to invade areas of human life where they do not belong… A useful contribution to debate about the proper scope of the market.

    —Hugo Dixon, Financial Times


  • Elizabeth Anderson is John Dewey Distinguished University Professor of Philosophy and Women’s Studies; John Rawls Collegiate Professor; and Arthur F. Thurnau Professor at the University of Michigan.

Book Details

  • 262 pages
  • 6 x 9-1/4 inches
  • Harvard University Press