Political Economy - Research Article from Encyclopedia of Science, Technology, and Ethics

This encyclopedia article consists of approximately 13 pages of information about Political Economy.
This section contains 3,631 words
(approx. 13 pages at 300 words per page)
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From Ethics to Political Economy

The word ethics typically connotes issues of personal choice. In the context of science and technology, one might associate it with whether or not to use extraordinary means to extend life or to conceive a child. Yet society makes collective choices about science and technology as well, and these choices have profound moral implications. Many extraordinary means in medicine, for instance, emerged from research and development (R&D) projects that were supported directly by government funding or were subsidized indirectly through other policy measures.

In the absence of complete and unquestioned unanimity within a polity, collective choices involve the exercise of power. Persuasive or coercive authorities extract and redeploy resources or, equally important, determine how those who hold resources may use them. The U.S. government, to continue the example, spends nearly $30 billion per year on biomedical R&D. Its regulations...

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This section contains 3,631 words
(approx. 13 pages at 300 words per page)
Buy the Political Economy Encyclopedia Article
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Encyclopedia of Science, Technology, and Ethics
Political Economy from Encyclopedia of Science, Technology, and Ethics. Copyright © 2001-2006 by Macmillan Reference USA, an imprint of the Gale Group. All rights reserved.
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