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The Economist’s Oath$
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George F. DeMartino

Print publication date: 2011

Print ISBN-13: 9780199730568

Published to Oxford Scholarship Online: September 2011

DOI: 10.1093/acprof:oso/9780199730568.001.0001

Learning from Others

Ethical Thought Across the Professions

Chapter:
(p. 123 ) Chapter 8 Learning from Others
Source:
The Economist’s Oath
Author(s):

George F. DeMartino

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199730568.003.0008

What can economists learn from those professions with rich and well-established traditions of professional ethical inquiry? This chapter examines some of the primary principles and questions that have emerged across the professions, and explores their relevance for economics. In particular, the chapter explores the principles of nonmaleficence (or the prudential principle, as represented by the Hippocratic dictum Primum non Nocere, or “First do no Harm,” and the “precautionary principle”), and autonomy (and the associated principle of “prior informed consent”). It also explores the dilemmas associated with “dirty hands,” “many hands,” conflict of interest, corruption and whistle blowing.

Keywords:   nonmaleficence, prudential principle, first do no harm, precautionary principle, autonomy, prior informed consent, dirty hands, many hands, conflict of interest, corruption, whistle blowing

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