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Economics and Ethics: The Story of Uneasy Relationship

Author

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  • Ivashkovsky, Stanislav

    (Moscow State Institute of International Relations)

Abstract

In this article it is stated that modern economy is closely connected with ethics of its time. Moral and ethical factors can be both insurmountable obstacle to and powerful stimulus of economic development. In this connection it is underpinned that economic theory should study these matters, taking into consideration the increasing role of intangible assets in economic development of modern world. The author makes conclusion that real modernisation of Russian economy can be made only on the basis of new ethical thinking and advanced cultural values.

Suggested Citation

  • Ivashkovsky, Stanislav, 2011. "Economics and Ethics: The Story of Uneasy Relationship," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 3, pages 1-28.
    • Handle: RePEc:rnp:ecopol:1134
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