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Ethics and the Economic Interpretation

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  • Frank H. Knight

Abstract

Bearing on problem of scope and method, 454. — Both economics and ethics deal with value, 454. — Economics as a pure science has given too little attention to separation of constants from variables, 455. — Sense in which wants can be considered as data, 455. — Economic interpretation as a theory of conduct, 459. — Are human motives predominantly economic, 460. — Are they predominantly instinctive, 466. The adaptation theory, 469. — The pleasure theory, 469. — Economics as a study of the adaptation of means to ends, 472. — What becomes of ethics, 476. — Three kinds of treatment of conduct, 481.

Suggested Citation

  • Frank H. Knight, 1922. "Ethics and the Economic Interpretation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 36(3), pages 454-481.
    • Handle: RePEc:oup:qjecon:v:36:y:1922:i:3:p:454-481.
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    Citations

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    Cited by:

    1. Jack Hirshleifer, 1978. "Natural Economy Versus Political Economy," UCLA Economics Working Papers 129, UCLA Department of Economics.
    2. Malte F. Dold, 2018. "Back to Buchanan? Explorations of welfare and subjectivism in behavioral economics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 25(2), pages 160-178, April.
    3. Luca Fiorito & Massimiliano Vatiero, 2021. "Frank H. Knight on social values in economic consumption: an archival note," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 28(1), pages 126-141, January.
    4. Levy, David M. & Peart, Sandra J., 2009. "Sympathy, evolution, and The Economist," Journal of Economic Behavior & Organization, Elsevier, vol. 71(1), pages 29-36, July.
    5. Matson, Erik W., 2021. "David Hume, economic rationality, and policy: Symposium introduction," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 833-835.
    6. Atsebi, Jean-Marc Bédhat & Ferrer-i-Carbonell, Ada, 2022. "Relative deprivation in Tanzania: Relative concerns and empathy," Journal of Economic Behavior & Organization, Elsevier, vol. 198(C), pages 389-408.
    7. Knight, John & Gunatilaka, Ramani, 2012. "Income, aspirations and the Hedonic Treadmill in a poor society," Journal of Economic Behavior & Organization, Elsevier, vol. 82(1), pages 67-81.
    8. Åsbjørn Melkevik, 2019. "A Theory of Business Eunomics: The Means–Ends Relation in Business Ethics," Journal of Business Ethics, Springer, vol. 160(1), pages 293-305, November.
    9. Atsebi, Jean-Marc Bédhat & Ferrer-i-Carbonell, Ada, 2019. "Relative Deprivation in Tanzania," IZA Discussion Papers 12719, Institute of Labor Economics (IZA).
    10. Ferrer-i-Carbonell, Ada, 2005. "Income and well-being: an empirical analysis of the comparison income effect," Journal of Public Economics, Elsevier, vol. 89(5-6), pages 997-1019, June.
    11. Federico Marongiu, 2005. "Un análisis de las conductas económicas a la luz de la Ética," Method and Hist of Econ Thought 0507001, University Library of Munich, Germany.
    12. G. R. Steele, 2004. "Understanding Economic Man," American Journal of Economics and Sociology, Wiley Blackwell, vol. 63(5), pages 1021-1055, November.
    13. Simpson, James R., 1981. "Ethical Issus and International Development: New Challenges for the Agricultural Economist," 1981 Occasional Paper Series No. 2 197146, International Association of Agricultural Economists.
    14. Ada Ferrer-i-Carbonell, 2013. "Happiness economics," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 4(1), pages 35-60, March.
    15. Pier Francesco Asso & Luca Fiorito, 2008. "Was Frank Knight an Institutionalist?," Review of Political Economy, Taylor & Francis Journals, vol. 20(1), pages 59-77.
    16. Luca Fiorito, 2015. "A Certain Amount of ‘Recantation'. On the Origins of Frank H. Knight’s Antipositivism," Department of Economics University of Siena 705, Department of Economics, University of Siena.
    17. Matson, Erik W., 2021. "Satisfaction in action: Hume's endogenous theory of preferences and the virtues of commerce," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 849-860.
    18. Ada Ferrer-i-Carbonell, 2002. "Income and Well-being," Tinbergen Institute Discussion Papers 02-019/3, Tinbergen Institute.

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