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The moral layer of contemporary economics: A virtue-ethics perspective

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Abstract

This paper questions whether the contemporary science of economics and its recommendations are built on sound moral foundations as assessed from a virtue-based definition of ethical behaviour. We argue that the model of man underlying economic analyses can correspond to the model of a virtuous person, and that economics, by advocating reasoned choice and careful resource utilization, makes a positive contribution to the moral development of individuals.

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  • vranceanu, radu, 2007. "The moral layer of contemporary economics: A virtue-ethics perspective," ESSEC Working Papers DR 07006, ESSEC Research Center, ESSEC Business School.
    • Handle: RePEc:ebg:essewp:dr-07006
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    Cited by:

    1. Vranceanu , Radu, 2013. "Corporate Profit, Entrepreneurship Theory and Business Ethics," ESSEC Working Papers WP1308, ESSEC Research Center, ESSEC Business School.
    2. repec:hal:journl:hal-00823521 is not listed on IDEAS
    3. Radu Vranceanu & Jérôme Barthélemy, 2011. "Knowledge in economics and economic reform : an analysis of French survey data," Post-Print hal-00592114, HAL.
    4. George Gotsis & Zoe Kortezi, 2010. "Ethical Considerations in Organizational Politics: Expanding the Perspective," Journal of Business Ethics, Springer, vol. 93(4), pages 497-517, June.

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    More about this item

    Keywords

    Economics; Efficiency; Rationality; Tastes; Virtue Ethics;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values

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