Linking Ethics and Economic Growth: A Comment on Hunt

Contemporary Economics, Vol. 6, No. 3, pp. 4-9, 2012

6 Pages Posted: 24 Nov 2012

See all articles by Nicolai J. Foss

Nicolai J. Foss

Copenhagen Business School - Department of Strategy and Innovation

Date Written: 2012

Abstract

Hunt (2012) builds on his work concerning ethics and resource-advantage theory to link personal ethical standards, societal norms, and economic growth but offers few details concerning the precise mechanisms that link ethics and growth. This comment suggests a number of such mechanisms – for example, the influence of prevailing ethical norms on the aggregate elasticity of substitution and, therefore, total factor productivity and growth.

Keywords: ethics, trust, competition, productivity, economic growth, resource-advantage theory

JEL Classification: D40, O40

Suggested Citation

Foss, Nicolai J., Linking Ethics and Economic Growth: A Comment on Hunt (2012). Contemporary Economics, Vol. 6, No. 3, pp. 4-9, 2012 , Available at SSRN: https://ssrn.com/abstract=2179845

Nicolai J. Foss (Contact Author)

Copenhagen Business School - Department of Strategy and Innovation ( email )

Kilen
Frederiksberg, 2000
Denmark

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