Capitalism, Covid ‐19 and lockdowns
Bibliographic Data
| ID | 21259549 |
|---|---|
| Authors | Philipp Bagus (0000-0002-8233-6629, Universidad Rey Juan Carlos, corresponding author), José Antonio Peña‐ramo (0000-0001-7073-9562, Universidad Autónoma de Chile), Antonio Sánchez‐bayón (0000-0003-4855-8356, Fundación de Estudios de Economía Aplicada) |
| Year | 2023 |
| Volume | 32 |
| Issue | S1 |
| Pages | 41-51 |
| Publication date | 2023-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Business Ethics, the Environment & Responsibility (JOURNAL) |
| Journal identifiers | ISSN: 2694-6416 • E-ISSN: 2694-6424 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/beer.12431 |
| OpenAlex | W4226128050 |
| Language | EN |
| Citations received | 3 |
| References cited | 29 |
Commentators believe that the COVID‐19 pandemic reveals the inconveniences of capitalism and that the end of “neoliberalism” could be near. In this article we show that a capitalist ethics is capable to deal with the challenges of pandemics and comes with important advantages such as the prevention of overreactions. We apply both utilitarian and rights‐based ethics to the case of epidemics in general and COVID‐19 in particular. First a libertarian natural law ethics is used to assess the government interventions in the Corona pandemic. We maintain that these interventions cannot be justified from a libertarian point of view despite of the possible objections that are discussed such as the “potential threat argument”. Moreover, the utilitarian argument in favor of government lockdowns is evaluated. The negative effects of lockdown on mental health, addictions, domestic violence, etc. have to be taken into account. The utilitarian argument in favor of lockdown is far from convincing, as economic calculation is not possible
Capitalism · Disease · Economics · Law and economics · Pandemic · Political economy · Political science · Politics · Sociology · Employment and Welfare Studies · Free Will and Agency · Law · Medicine · Philosophy · Psychology of Moral and Emotional Judgment
Collectivist economic planning
Practical Ethics
Early estimates of the indirect effects of the Covid-19 pandemic on maternal and child mortality in low-income and middle-income countries
Family violence and Covid‐19
Effect of physical inactivity on major non-communicable diseases worldwide
The psychological impact of quarantine and how to reduce it
Human action
Anarchy, State, and Utopia
Utilitarianism and the pandemic
An ethical defense of cryptocurrencies
Patients Left Behind
Prevalence of stress, anxiety, depression among the general population during the Covid-19 pandemic
China experience from Covid-19
Covid-19 and the Political Economy of Mass Hysteria
The perceived well-being and health costs of exiting self-employment
An Ampirical Assessment of the Contribution of Small Business Employment to U.S. State Economic Performance
New and small firms in a modern working life
Pandemic
| Unique citing works | 3 |
|---|---|
| Citations per year | 1 |
| Citation span | 2023 - 2025 (3) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 3 |