'It is going to change the way in which we understand many modern debates about economics, politics, and society' Ha Joon Chang, author of 23 Things They Don't Tell You About Capitalism Over the past fifty years, the way we value what is 'good' and 'right' has changed dramatically. Behaviour that to our grandparents' generation might have seemed stupid, harmful or simply wicked now seems rational, natural, woven into the very logic of things. And, asserts Jonathan Aldred in this (...) revelatory new book, it's economics that's to blame.Licence to be Bad tells the story of how a group of economics theorists changed our world, and how a handful of key ideas, from free-riding to Nudge, seeped into our decision-making and, indeed, almost all aspects of our lives. Aldred reveals the extraordinary hold of economics on our morals and values. Economics has corrupted us. But if this hidden transformation is so recent, it can be reversed. Licence to be Bad shows us where to begin. (shrink)

Introduction : ethical economics? -- The sovereign consumer -- Two myths about economic growth -- The politics of pay -- Happiness -- Pricing life and nature -- New worlds of money : public services and beyond -- Conclusion.

Most applications of cost-benefit analysis in environmental policy, and almost all the controversial cases, involve the use of contingent valuation (CV) surveys. There is now a relatively well-developed critique of CV as a method of public consultation on environmental issues. Theories of deliberative democracy have been invoked which question the individualistic, preference-based calculus of CV. A particular deliberative institution which has recently received much attention is the citizens' jury (CJ). While CJs and other deliberative institutions have come to be regarded (...) as alternatives to CV, it is far from obvious in what sense this is true. The discussion begins by exploring the extent to which CV and CJ can be meaningfully compared. After specifying a limited sense in which this is possible, the paper goes on to assess the virtues of deliberation by reference to this comparison. Much of the assessment is made from the perspective of rational choice theory, because that approach has been influential amongst critics of deliberative democracy. The main aim is to develop an argument for the merits of deliberation, in terms which its critics must acknowledge. (shrink)

Existence Value has become an increasingly important concept as the use of cost benefit analysis has spread from traditional applications to attempts to place monetary value on, for instance, a rare wetland habitat. Environmental economists have generally accepted the tensions arising in the existence value concept from the range of recent applications, but it is argued here that their various attempts to resolve the difficulties have largely failed. Critics from outside economics, on the other hand, typically claim that the very (...) notion of existence value as understood in economics is flawed, and urge its abandonment altogether. This paper suggests instead a fundamental redefinition of existence value, which, it is argued, (i) explains a number of diverse problems posed by the usual meaning of the term in economics; (ii) does not strain the intentions of respondents to ' willingness-to-pay' surveys; (iii) is consistent with a more realistic model of rational choice in environmental decision-making; and (iv) is sensitive to criticisms from environmental ethics.2. (shrink)

This paper is concerned with intransitivity in normative rational choice. It focuses on a class of intransitivities which have received little attention, those involving vague preferences. “Vague preferences” are defined in terms of vague predicates such as “red” or “bald.” Such preferences appear common, and intransitive indifference is argued to be an unavoidable feature of them. Such preferences are argued to undermine intransitive strict preference also. Various formal theories of vagueness are applied to an example of vague preferences, but none (...) of them provide a justification for the transitivity axiom. (shrink)

A recurring question about cost - benefit analysis concerns its scope. CBA is a decision-making method frequently employed in environmental policy-making, in which things which have no market price are treated as if they were commodities. They are given a monetary value, a form of price. But it is widely held that some things cannot be meaningfully priced, thus substantially limiting the scope of CBA. The aim of this paper is to test some aspects of this broad claim, focusing on (...) problems of incomparability and incommensurability. In particular, the role of rough equality as a putative form of comparison is investigated. I argue that while an assessment of the full significance of rough equality for practical decision-making awaits resolution of a number of important technical questions, it does not provide a strong enough form of comparison to support CBA. (shrink)

Cost-benefit analysis (CBA) is inappropriate as an aid to Covid policy-making because the plural, incommensurable values at stake are not all amenable to monetary measurement. CBA for Covid policy is also undermined by pervasive uncertainty and ignorance, and has some troubling distributional implications. However, non-consequentialist alternatives to CBA tend towards implausibly absolutist prohibitions on risk imposition. Arguments for setting aside consequentialism for special circumstances (the precautionary principle, or a medical rule of rescue) are also problematic when applied to Covid policy. (...) A broad consequentialist approach to policy guidance is defended, one which does not demand commensuration on a common monetary scale. Despite the absence of commensuration, policy guidance is still possible. (shrink)

The normative bases for two fundamentally different approaches to environmental decision making are examined. First, orthodox “risk assessment.” In the conditions of uncertainty or ignorance prevailing in many environmental decisions, it is argued that CBA and similar forms of risk assessment should not be used in isolation. Second, the precautionary principle. Two conditions—broadly speaking, “uncertainty” and “particular threats”—seem especially relevant to determining the applicability of the precautionary principle. Gardiner’s “Rawlsian Core Precautionary Principle” is examined in detail. It features both conditions; (...) an incommensurabilist interpretation of the latter is adopted. In short, precaution is justified in decision contexts involving both uncertainty and incommensurability. Since both uncertainty and incommensurability are matters of degree, there are intermediate cases to consider. The analysis argues that with “more” uncertainty, “less” incommensurability is required to justify precaution, and vice versa. (shrink)

Ce bel et gros volume, qui ouvre aux éditions Gallimard la collection « Le langage des contes », dirigée par Nicole Belmont, est un ouvrage à plusieurs voix. Au premier plan, la double voix de Nannette Lévesque qui conte et chante selon la tradition. Autour d'elle et la portant jusqu'à nous, celle de l'ethnographe, Victor Smith, qui l'a particulièrement écoutée parmi d'autres femmes entendues dans la région de Saint-Étienne entre 1867 et 1876. Les voix enfin de nos contemporains : (...) Mari... (shrink)

Jonathan Aldred shares our desire to promote a reconciliation between social choice theory and deliberative democracy in the interests of a more comprehensive and compelling account of democracy.1 His comments on some details of our analysis – specifically, our use of Arrow’s conditions of universal domain and independence of irrelevant alternatives – give us an opportunity to clarify our position. His discussion of the independence condition in particular identifies some ambiguity in our exposition, and as such is useful. We (...) are less impressed by the way Aldred characterizes the overall terms of the reconciliation we propose. We believe that his argument on this matter should be resisted because it provides deliberative democrats with a bad excuse to dismiss social choice theory altogether, which is surely not what he intends. (shrink)

Den moralfilosofiska traditionen har sina begränsningar. De frågor som stått i centrum för den moralfilosofiska diskussionen har ofta varit helt andra än de som människor i det praktiska livet har uppfattat som centrala moraliska problem. En viktig begränsning är att moralfilosofin, liksom beslutsteorin, nästan uteslutande har handlat om hur man hanterar välavgränsade problem där handlingsalternativen är givna. I det verkliga livet löser vi ofta moraliska problem genom att finna på nya handlingsalternativ, som inte fanns med från början.1 En annan begränsning (...) är att moralfilosofin till allra största delen har handlat om situationer där konsekvensen av de olika handlingsalternativen är välkänd. I det praktiska livet är det annorlunda. Vi vet sällan med säkerhet vad som kommer att bli följden av de olika alternativ som vi väljer mellan. Man kan också uttrycka detta så att moralfilosofin i huvudsak rör sig i en tänkt deterministisk värld, där man inte behöver räkna med någon slump. Detta är aningen märkligt mot bakgrund av det oerhörda genomslag som sannolikhetstänkande och på senare år även kaos har fått inom andra vetenskapsområden. Det finns naturligtvis förklaringar till detta moralfilosofins kvardröjande i en äldre världsbild. Redan i det deterministiska fallet uppstår svårhanterliga problem som man gärna ger sin odelade uppmärksamhet. Dessutom finns det en särskild disciplin, beslutsteorin, som behandlar beslut under risk och osäkerhet. Man har i allmänhet tänkt sig ett slags arbetsfördelning, där problemen med risk och osäkerhet utelämnas i moralfilosofin för att i stället hanteras inom beslutsteorin med rena rationalitetsprinciper (dvs. utan att moraliska principer är inblandade). Enligt min mening är denna arbetsfördelning inte hållbar. Betrakta t ex osäkerheten om hur klimatet kommer att förändras med nuvarande utsläppstrender för växthusgaser. Denna osäkerhet ger upphov inte enbart till ett problem om rationellt beslutsfattande utan också till moraliska problem.. (shrink)

How can we value the environment, this is the crucial issue that this book debates. The critical analyses carried out within the book by such figures as Nick Hanley and Jonathan Aldred are vital to ensuring that future economic growth is not achieved at the expense of our environment.

Heathen Soul Lore Foundations presents a living spiritual landscape, rooted in ancient Germanic languages and understanding, offered for modern Heathens to explore and use in their own spiritual practice. This book also presents an approach for identifying and exploring ancient concepts of 'what a soul is' that may be of interest to followers of other branches of historically based modern Paganism, and to scholars of comparative religion. Linguistic analysis, literature, folklore, comparative religion, anthropology, esoteric and philosophical approaches are used to (...) analyze old Germanic-language words relating to 'the soul'. The following souls, identified through this process, are thoroughly reviewed: Ferah, Ahma, Ghost, Hama, Aldr, Mod, Hugr, Sefa, and Saiwalo. Both scholarly and inspirational perspectives are taken, intended to stimulate both intellectual and imaginative exploration of these soul-concepts and the world-view which opens out from them. This deluxe edition provides full-color illustrations on premium quality paper in a linen-wrap hardcover book. The illustrations are chosen to stimulate engagement of the imagination in comprehending these abstract entities and their metaphysical contexts. // Review by Diana L. Paxson, author of "Essential Asatru: Walking the Path of Norse Paganism": "Since she first sent me the article on "Heathen Full-Souls" for Idunna: A Journal of Northern Tradition in 2006, I have been fascinated by Winifred Hodge Rose's development of the concept of the souls as an interactive system. I am delighted to see the full presentation of so many years of patient research and contemplation becoming available at last. In Winifred's hands, philology becomes a spiritual adventure, as words from the old Germanic languages reveal new insights into who we are and our place in the spiritual universe." // Review by John Michael Greer, author of "A World Full of Gods": "Winifred Rose has done an excellent job of gathering and synthesizing material about Heathen soul lore from a wide range of disparate sources. The resulting book is a scholarly, thorough resource that belongs on the bookshelf of every Heathen, and everyone interested in the subject.". (shrink)