The principles of ethical economy demonstrate that ultimately there exists no unbridgeable chasm between ethical and economic decisions, and that the ethical perspective is not one aspect among others, but instead a way to take the perspectives of the sciences and, in the case of economic ethics, above all economic theory into consideration, to order them, to evaluate them, and to enable them to become effective in practice. In this sense ethical economy aims, like general ethics, at the perfection of action, in which all aspects of the decision situation are taken into account. In an ethic of the totality of the aspects according to which action is structured toward purposes, intentions, effects, side effects, and circumstances, the instruments of analysis and understanding developed by ethics and economics join together to form a theory of ethical economy as a general theory of human action.
KeywordsHuman Person Economic Decision Decision Situation Economic Thought Human Practice
Unable to display preview. Download preview PDF.
- 1.Luis de Molina, De justitia et jure (Moguntiae, 1602), tom. I, disp. 4. n. 3.Google Scholar
- 2.Edmund Husserl, Manuskript F I, 21, 20, as cited by Alois Roth, Edmund Husserls ethische Untersuchungen (Den Haag, 1960).Google Scholar
- 3.See also Oswald von Nell-Breuning, “Wirtschatftsethik,” in Staatslexikon. 6th Ed. (Freiburg. 1963), Vol. XIII, p. 775.Google Scholar
- 4.Johann Gottlieb Fichte, Werken, ed. I. H. Fichte (Berlin, 1971), Vol. I, p. 295.Google Scholar
- 5.Herbert A. Simon, “Rationality as Process and as product of Thought,” American Economic Review, 68 (1978), p. 13.Google Scholar
- 6 Dennis H. Robertson, “What Does the Economist Economise?” in Robertson. Economic Commentaries (London, 1956), p. 154.Google Scholar