Abstract
Ethics enters the structure of Concordian economics at three crucial stages, not surreptitiously in the background, but explicitly and forcefully. Ethics is a fundamental construct of the theory of distribution of ownership rights and this theory lies at the very core of Concordian economic theory. Next stage: Concordian economic policy is guided by the theory of economic justice. Ethics, finally, enters into Concordian economics in the analysis of daily practices, with emphasis on the play between economic rights and economic responsibilities and focus on the methods of accumulation of capital. Ethics is the conduct that keeps everting in harmonic relationship with everything else.
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Notes
- 1.
Using the looking glass of S = I, unable to distinguish saving from investment, the economics profession has fallen through the rabbit hole of “Adam Smith’s Fallacy.” This is the assumption that private greed turns out to be public good. This is a world in which—as today’s events confirm and Keynes pointed out—“nothing is clear and everything is possible.”
- 2.
Through the looking glass of Hoarding, the world looks totally different. Strangely, later, to my unending surprise I had to discover that that is the lens constantly used from Moses, through Jesus of the Parable of the Talents, to Locke. Adam Smith offered a discontinuity in this millennial tradition.
- 3.
EP: 3–137.
- 4.
President Nixon broke with that tradition in 1971.
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Gorga, C. (2024). Ethics in Concordian Economics. In: Concordian Economics, Vol. 2. Springer Studies in Alternative Economics. Springer, Cham. https://doi.org/10.1007/978-3-031-54642-6_11
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