Bringing Ethics into the Capitalist Model: Amartya Sen’s Approach to Economic Theory and Financial Capitalism
Among the variety of criticisms aimed at capitalism in the wake of the recent crisis, Amartya Sen’s approach, reconciling ethics and capitalism, calls for greater diversity and pluralism from a theoretical, but also a practical perspective. He defends capitalism as the system best suited to provide...
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| Format: | Article |
| Language: | English |
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Presses universitaires de Rennes
2015-03-01
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| Series: | Revue LISA |
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| Online Access: | https://journals.openedition.org/lisa/8233 |
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| author | Nadeera Rajapakse |
| author_facet | Nadeera Rajapakse |
| author_sort | Nadeera Rajapakse |
| collection | DOAJ |
| description | Among the variety of criticisms aimed at capitalism in the wake of the recent crisis, Amartya Sen’s approach, reconciling ethics and capitalism, calls for greater diversity and pluralism from a theoretical, but also a practical perspective. He defends capitalism as the system best suited to provide freedoms, while criticising its theoretical foundations and monolithic dimension. This paper discusses how Sen’s ethical dimension alters the representation of capitalism, while also considering Sen’s academic career within and without the Anglo-Saxon world. Section one deals with Sen’s criticism of neoclassical utilitarian foundations and with his own pluralistic approach. The second part of the paper discusses his recommendations on improving social justice with regard to financial capitalism, with emphasis on how they have been received in the Anglo-Saxon countries where he has worked. |
| format | Article |
| id | doaj-art-605ee8f2d32940119b0e176104b7ff18 |
| institution | Kabale University |
| issn | 1762-6153 |
| language | English |
| publishDate | 2015-03-01 |
| publisher | Presses universitaires de Rennes |
| record_format | Article |
| series | Revue LISA |
| spelling | doaj-art-605ee8f2d32940119b0e176104b7ff182025-01-06T09:02:54ZengPresses universitaires de RennesRevue LISA1762-61532015-03-011310.4000/lisa.8233Bringing Ethics into the Capitalist Model: Amartya Sen’s Approach to Economic Theory and Financial CapitalismNadeera RajapakseAmong the variety of criticisms aimed at capitalism in the wake of the recent crisis, Amartya Sen’s approach, reconciling ethics and capitalism, calls for greater diversity and pluralism from a theoretical, but also a practical perspective. He defends capitalism as the system best suited to provide freedoms, while criticising its theoretical foundations and monolithic dimension. This paper discusses how Sen’s ethical dimension alters the representation of capitalism, while also considering Sen’s academic career within and without the Anglo-Saxon world. Section one deals with Sen’s criticism of neoclassical utilitarian foundations and with his own pluralistic approach. The second part of the paper discusses his recommendations on improving social justice with regard to financial capitalism, with emphasis on how they have been received in the Anglo-Saxon countries where he has worked.https://journals.openedition.org/lisa/8233ethicsfinancial capitalismSen Amartyaeconomic theoryhistory of economicsjustice |
| spellingShingle | Nadeera Rajapakse Bringing Ethics into the Capitalist Model: Amartya Sen’s Approach to Economic Theory and Financial Capitalism Revue LISA ethics financial capitalism Sen Amartya economic theory history of economics justice |
| title | Bringing Ethics into the Capitalist Model: Amartya Sen’s Approach to Economic Theory and Financial Capitalism |
| title_full | Bringing Ethics into the Capitalist Model: Amartya Sen’s Approach to Economic Theory and Financial Capitalism |
| title_fullStr | Bringing Ethics into the Capitalist Model: Amartya Sen’s Approach to Economic Theory and Financial Capitalism |
| title_full_unstemmed | Bringing Ethics into the Capitalist Model: Amartya Sen’s Approach to Economic Theory and Financial Capitalism |
| title_short | Bringing Ethics into the Capitalist Model: Amartya Sen’s Approach to Economic Theory and Financial Capitalism |
| title_sort | bringing ethics into the capitalist model amartya sen s approach to economic theory and financial capitalism |
| topic | ethics financial capitalism Sen Amartya economic theory history of economics justice |
| url | https://journals.openedition.org/lisa/8233 |
| work_keys_str_mv | AT nadeerarajapakse bringingethicsintothecapitalistmodelamartyasensapproachtoeconomictheoryandfinancialcapitalism |