This volume brings together leading figures in economics, professional ethics, and other relevant fields to explore questions related to the nature of ethical economic practice and the adoption and content of professional economic ethics. It explores current thinking that has emerged in these areas while widening substantially the terrain of inquiry into economic ethics.

• Foreword


• William Easterly


• PART I: INTRODUCTION


• 1. Introduction, or Why This Handbook?


• George F. DeMartino and Deirdre N. McCloskey


• PART II: UNCERTAINTY, RISK AND PROFESSIONAL ECONOMIC ETHICS


• 2. The Skin in the Game Heuristic for Protection Against Tail Events


• Nassim Nicholas Taleb and Constantine Sandis


• 3. The Ethics of Economic Decision Rules


• Sven Ove Hansson


• 4. In Praise of Imperfect Commitment: An Ethic of Power, Professionalism, and Risk


• Sharon D. Welch


• 5. 'Econogenic Harm': On the Nature of and Responsibility for the Harm Economists Do as They Try to Do Good


• George F. DeMartino


• PART III: THE ETHICAL NATURE OF ECONOMIC PRACTICE


• 6. About Doing the Right Thing as an Academic Economist


• Erwin Dekker and Arjo Klamer


• 7. The Social Responsibility of Economists


• Peter J. Boettke and Kyle W. O'Donnell


• 8. The Ethical Economist: Duty and Virtue in the Scientific Process


• Jonathan B. Wight


• PART IV: THE ETHICAL ENTAILMENTS OF ECONOMIC THEORY


• 1. General Issues


• 9. Ethics in Relation to Economics, Ecology, and Eschatology


• Herman Daly


• 10. Poisoning the Well, or How Economic Theory Damages Moral Imagination


• Julie A. Nelson


• 11. Economists' Odd Stand on the Positive-Normative Distinction: A Behavioral Economics View


• John B. Davis


• 12. The Complex Ethical Consequences of "Simple " Theoretical Choices


• Robert H. Frank


• 13. Good, Evil, and Economic Practice


• Tomas Sedlá?ek


• 2. Economic Theory and the Great Recession


• 14. Alternative Ethical Perspectives on the Financial Crisis: Lessons for Economists


• Irene van Staveren


• 15. Economists' Ethics in the Build-Up to the Great Recession


• Robert H. Wade


• PART V: ETHICAL ISSUES IN ECONOMIC RESEARCH


• 1. Experimental Economics


• 16. Ethics and Advances in Economic Science: The Role of Two Norms


• Jingnan Chen, Angelina Christie, and Daniel Houser


• 17. The Meaning of Deceive in Experimental Economic Science


• Bart J. Wilson


• 2. Econometrics


• 18. Honesty and Integrity in Econometrics


• Thomas Mayer


• 19. Lady Justice v. Cult of Statistical Significance: Oomph-less Science and the New Rule of Law


• Stephen T. Ziliak and Deirdre N. McCloskey


• 3. Field Research


• 20. Balancing Risk and Benefit: Ethical Tradeoffs in Running Randomized Evaluations


• Rachel Glennerster and Shawn Powers


• 21. Conducting Ethical Economic Research: Complications from the Field


• Harold Alderman, Jishnu Das, and Vijayenera Rao


• 22. The Unprincipled Randomization Principle in Economics and Medicine


• Stephen T. Ziliak and Edward R. Teather-Posadas


• 4. Conflict of Interest


• 23. Professional Disequilibrium: Conflict of Interest in Economics


• Dennis F. Thompson


• 24. Considerations on Conflicts of Interest in Academic Economics


• Jessica Carrick-Hagenbarth and Gerald Epstein


• PART VI: ETHICAL ISSUES IN APPLIED ECONOMICS


• 1. Development


• 25. Ethics, Economic Advice, and Economic Policy


• Joseph E. Stiglitz


• 26. Neoclassical Economics as the New Social Engineering: The Debacle of the Russian Post-Socialist Transition


• David Ellerman


• 27. The Ethics of Economic Development and Human Displacement


• Des Gasper


• 28. How Can We Better Address the Gaps in our Knowledge about Development Effectiveness?


• Martin Ravallion


• 2. Economic Advising in Government and Beyond


• 29. Confessions of a Policy Analyst


• Robert Nelson


• 30. Ethics and the Government Economist


• Susan Offutt


• 31. The Ethics Problem: Toward a Second-Best Solution to the Problem of Economic Expertise


• David M. Levy and Sandra J. Peart


• 32. First Tell No Untruth


• Alan Freeman


• 3. Forensic Economics


• 33. Ethical Issues in Forensic Economics


• Robert J. Thornton and John Ward


• VII. ETHICAL ISSUES IN ECONOMIC EDUCATION


• 34. Exposure and Dialogue Programs in the Training of Development Analysts and Practitioners


• Ravi Kanbur


• 35. Ethics and Learning in Undergraduate Economics Education


• Robert F. Garnett, Jr.


• VIII. LOOKING AHEAD


• 36. Creating Humble Economists: A Code of Ethics for Economists


• David Colander


• 37. Codes of Ethics for Economists, Pluralism, and the Nature of Economic Knowledge


• Sheila C. Dow

George F. DeMartino is a Professor of International Economics and Co-Director of the program in Global Finance, Trade, and Economic Integration in the Josef Korbel School of International Studies at the University of Denver.
Deirdre N. McCloskey is UIC Distinguished Professor of Economics and History, Professor of English, and Professor of Communication, Emerita, at the University of Illinois at Chicago.