On the Relationship Between Economics and Ethics

Mark D. White, “On the Relationship Between Economics and Ethics,” Annals of the Fondazione Luigi Einaudi, 52(2), Winter 2018, p. 45-55

15 Pages Posted: 25 Apr 2019

See all articles by Mark D. White

Mark D. White

CUNY College of Staten Island

Date Written: 2018

Abstract

Economics and ethics have been linked since the days of Adam Smith, but this connection became tenuous after the formalization of economic theory in the twentieth century, the success of which in academia, government, and business serves to insulate it from ethical critique. Nonetheless, a field of “economics and ethics” has developed to restore this connection, albeit in two directions with disparate methodological approaches: one applying mainstream economic theory, primarily based in utilitarian ethics, to topics of ethical concern, and the other incorporating alternate forms of ethics, such as deontology and virtue ethics, to enrich economic analysis.

Keywords: economics, ethics, economics and ethics, utilitarianism, deontology, mulitdisciplinarity, crossdisciplinarity, economic methodology

JEL Classification: A13, B4

Suggested Citation

White, Mark D., On the Relationship Between Economics and Ethics (2018). Mark D. White, “On the Relationship Between Economics and Ethics,” Annals of the Fondazione Luigi Einaudi, 52(2), Winter 2018, p. 45-55. Available at SSRN: https://ssrn.com/abstract=3359628 or http://dx.doi.org/10.2139/ssrn.3359628

Mark D. White (Contact Author)

CUNY College of Staten Island ( email )

Staten Island, NY
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
9
Abstract Views
77
PlumX Metrics