Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
21 Cards in this Set
- Front
- Back
|
Smith |
Invisible hand (ethical egoism) |
|
|
Rawlsian |
Veil of Ignorance (duty-based, social contracts) |
|
|
Peltzman Effect |
Law of Unintended Consequences |
|
|
Kant |
Categorical Imperative Practical Imperative |
|
|
Mill |
Utilitarian (democracy) |
|
|
Bohm-Bawerk |
Marginilism |
|
|
Leibenstein |
X-inefficiency |
|
|
Stiglitz |
Inequality |
|
|
Piketty |
Inequality (direct redistribution, fiscal redistribution) |
|
|
Rand |
Ethical egoism |
|
|
Bentham |
Utilitarianism (increase sum of all happiness) |
|
|
Hartwick |
Keep citizens from poverty when natural resources are exhausted |
|
|
Thomas Malthus |
Population grows until it can't feed itself |
|
|
William Vogt |
Only reducing consumption and limiting population will save us |
|
|
Norman Borlaug |
Science and technology will save us |
|
|
Larry Summers |
Toxic waste should be relocated to poor countries |
|
|
David Ricardo |
Comparative Advantage (maximize output) |
|
|
Milton Friedman |
CSR (Aim for profit maximization) |
|
|
Freeman |
Stakeholder theory; obligation to several groups as well as shareholders (employees, suppliers, customers etc.) |
|
|
Kenneth Arrow |
Profit maximization = negative externalities & asymmetrical information Solutions: taxes & subsidies; social responsibility |
|
|
Michael Porter |
CSR (Moral obligation, sustainability, freedom to operate, and reputation) |
