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The Institutional Foundation of Development Ethics

  • John Marangos
  • Nikos Astroulakis

The aim of the paper is to investigate the relationship between institutions and development ethics. In a value context, the center of the discussion between institutions and development ethics is based on confronting ethics as "means of the means," which implies that ethics is not only concerned with the >i>ends>/i> of human action but also enters into the value dynamisms of the instruments utilized by development agents in achieving these ends: the >i>means.>/i> A common acceptable definition of development ethics is the ethical reflection of the ends and means for any purposeful social-economic activity toward development. Institutions are the social cement that condition and enhance the roles agents play in economic life. We argue that development ethics and institutions are entwined: development ethics influence institutions and institutions influence development ethics.

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Article provided by M.E. Sharpe, Inc. in its journal Journal of Economic Issues.

Volume (Year): 43 (2009)
Issue (Month): 2 (June)
Pages: 381-388

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Handle: RePEc:mes:jeciss:v:43:y:2009:i:2:p:381-388
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