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
Date Written: 2012
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: Suggested Citation