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About: Economic ethics     Goto   Sponge   NotDistinct   Permalink

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Economic ethics is the combination of economics and ethics that unites value judgements from both disciplines to predict, analyze, and model economic phenomena. It encompasses the theoretical ethical prerequisites and foundations of economic systems. This particular school of thought dates back to the Greek philosopher Aristotle, whose Nicomachean Ethics describes the connection between objective economic principles and the consideration of justice. The academic literature on economic ethics is extensive, citing authorities such as natural law and religious law as influences on normative rules in economics. The consideration of moral philosophy, or that of a moral economy, is a point of departure in assessing behavioural economic models. The standard creation, application, and beneficiarie