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Economics and Ethics

There are different views about the interrelation of ethics and the economy: the predetermination of ethics by the economy, the primacy of ethics in relation to the economy; the continuing importance of ethical and cultural values in the development of the economy, society, civilization; conservatism of ethical and cultural values, which causes them to lag behind the changes in the field of production technologies and the economy.

Economic ethics is a kind of social ethics, containing moral standards and requirements for participants in economic relations.

Economic ethics serves as a normative basis for economic activity that regulates mutual relations in the sphere of the economy, which formulates and makes moral demands on all subjects of economic relations. Its main goal is to identify the institutional (framework) constraints of the participants in the economic process, which play a fundamental role in the ethics of the market relations of modern society. Unlike individual ethics, it is addressed to society, sets benchmarks and justifies the moral principles of the functioning of the economy. In this sense, it is an economic order program.

In the broadest sense of the word, economic ethics is designed to explain the relationship of economics with morality and the specifics of their relationship. It is well known that the development of production and economic activity objectively contributes to the moral perfection of man. It has long been believed that in the labor activity, the creative forces of man, the moral basis of his relationship to the world, and other people are formed. Industriousness and honesty were the two main ethical norms that always accompanied the production activity and the trade redistribution of material goods. Without diligence, honesty, decency, and concern for man, material production could not exist. At the same time, the development of production, the complication and increase in the scale of human activity, the raising of the level of technology have put a person before the need to understand the degree of his responsibility, understanding of public duty, and a sense of solidarity. Much here, of course, depends on the real economic policy of the state and its regulatory role in the sphere of economic relations.

There are different views about the interrelation of ethics and the economy: the predetermination of ethics by the economy, the primacy of ethics in relation to the economy; the continuing importance of ethical and cultural values in the development of the economy, society, civilization; conservatism of ethical and cultural values, which causes them to lag behind the changes in the field of

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Assignment ID
100005778
Discipline
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CREATED ON
28 August 2017
COMPLETED ON
31 August 2017
Price
$25
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