It is argued that the dichotomy between ethics and economics is a result of Ada m Smith's efforts to characterize happiness apart from normative cons iderations combined with Immanuel Kant's attempt to explain morality within its own framework of analysis. That Smith was largely successf ul and Kant not so meant that it was appropriate to investigate a str ictly non-normative economic domain of social life, and that ethics w as marginalized in this conception. The assumptions of this view are criticized, both in their original and twentieth-century elaboration, in order to suggest a different relationship between ethics and econ omics. Copyright 1987 by Taylor and Francis Group
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