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The Institutional Foundation of Development Ethics

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  • John Marangos
  • Nikos Astroulakis

Abstract

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 ends of human action but also enters into the value dynamisms of the instruments utilized by development agents in achieving these ends: the means. 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.

Suggested Citation

  • John Marangos & Nikos Astroulakis, 2009. "The Institutional Foundation of Development Ethics," Journal of Economic Issues, Taylor & Francis Journals, vol. 43(2), pages 381-388.
    • Handle: RePEc:mes:jeciss:v:43:y:2009:i:2:p:381-388
    DOI: 10.2753/JEI0021-3624430211
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    Cited by:

    1. John Marangos & Charles J. Whalen, 2011. "Evolution without fundamental change: the Washington Consensus on economic development," Chapters, in: Charles J. Whalen (ed.), Financial Instability and Economic Security after the Great Recession, chapter 8, pages 153-178, Edward Elgar Publishing.

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