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May 28, 2004 · 1. Economics and Ethics. The role of ethics in economic theorizing is still a debated issue. In spite of the reluctance of many economists to view normative issues as part and parcel of their discipline, normative economics now represents an impressive body of literature.
- Philosophy of Economics
Six central methodological problems. 2.1 Positive versus...
- Arrow's Theorem
The technical framework in which Arrow gave the question of...
- Philosophy of Economics
Mar 22, 2012 · Five big problems bedevil the strategy: instability, insecurity, inequality, monopoly power and unsustainability. The problem of economic instability is all too obvious in the wake of the...
- Frank Stilwell
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We must restore ethical reflection to the heart of economic reasoning, re-center policymaking on the common good, and re-embed ethical education in economics and business programs. Economics emerged as a subbranch of moral philosophy, and it must return to its roots.
This article explores the fundamentals of normative economics, examining the role of ethical considerations in economic analysis, the influence of values on policy prescriptions, and the complexities of balancing competing objectives in decision-making processes. Keywords: Normative economics, Values, Ethics, Policy, Decision-making, Societal ...
A principally critical conception of economic and business ethics accordingly suggests itself: Wherever universalistically conceived economic rationality claims to have a normative function, the very first concern of economic ethics is to shed light upon the implicit normative content of these claims. Thus an economic ethics which stays abreast
Ethics studies values and virtues. A value is a good to be achieved or a standard of right to be followed, while a virtue is a character trait that enables one to achieve the good or act rightly. For example, a list of core goods might include wealth, love, and freedom. A corresponding list of virtues—or character traits—might include the ...
