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Selected Ethical and Developmental Issues in the Works of Deepak Lal & Alan Beattie

Published online by Cambridge University Press:  10 January 2018

Joanna Dzionek-Kozłowska
Affiliation:
University of Lodz
Rafał Matera
Affiliation:
University of Lodz
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Summary

Short presentation: authors and paper's purposes

This chapter aims to present the views of Deepak Lal and Alan Beattie as regards ethical issues and their impact – on moral values, customs, religion and corruption – on the development of the country, the cultural area and civilization.

Lal is a British economist of Indian origin. He has a degree in history at Delhi University, moreover, he graduated from philosophy and economics at Oxford University. He worked in the diplomatic corps of India but he committed himself to academic work. He was associated with Oxford and London Universities, as well as the University of California in Los Angeles, where as a professor he was at the helm of the International Development Studies. Lal regularly published articles in “Business Standard”. His views were taken from a powerful book with an intriguing title: Reviving the Invisible Hand (2006).

Alan Beattie has a flair for creating a whole from details, depicting the development of the world economy through concentration on chosen events and phenomena key for economic life. He has a degree in history at Oxford University and economics at Cambridge University. This combination is optimal, especially for an economic historian, as the discipline which he conducts is based on two keystones: history and economics. Beattie actively put his knowledge into practice in both of these disciplines – he was employed in the Bank of England and since 1998 he has been publishing works in the “Financial Times” on the subjects of world trade, globalisation and economic development.

Apart from the common threads present in the works of both of researchers, another premise justifying their joint treatment is the fact that Beattie, in his False Economy. A Surprising Economic History of the World (2009), referred in a direct way to some of the fundamental questions posed by Lal.

Lal's thought: morality, beliefs, religion and development2

Lal, in invoking the necessity of dealing with moral and religious issues and their influence on the development of the country, cites arguments expressed by anti-globalists, who criticise contemporary capitalism not so much because of the deepening poverty and inequality in the world but first of all due to its immorality. Such accusations were voiced already in the 19th and 20th century, but in the new millennium they gained strength (if only because of the global financial crisis).

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Chapter
Information
Ethics in Economic Thought
Selected Issues and Variours Perspectives
, pp. 69 - 80
Publisher: Jagiellonian University Press
Print publication year: 2015

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