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‘Ethical Novelty’: new insights into economic change

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Author Info

  • Encinar, María Isabel

    ()

  • Muñoz, Félix

    ()
    (Departamento de Análisis Económico (Teoría e Historia Económica). UAM)

  • Cañibano, Carolina

    (Universidad Rey Juan Carlos)

Abstract

Agents’ knowledge combines their perception of what reality is with their conception of what reality should be. “Ethical dynamics” refers to the evolution in the latter conception. This is a key element to explain changes in agents’ objectives of action, which usually do not result simply from interaction or “cognitive dynamics”. “Ethical novelties” are important sources of economic change. They consist of changes in the structure of action objectives which result from ethical dynamics.

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Bibliographic Info

Paper provided by Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History) in its series Working Papers in Economic Theory with number 2006/03.

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Length: 27 pages
Date of creation: Mar 2006
Date of revision:
Handle: RePEc:uam:wpaper:200603

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Keywords: knowledge; action plan; ethical novelty; cognitive and ethical dynamics; economic change;

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