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What is the relationship between ethics and economics?
The Peterson Institute, contrary to stereotypes of economists as 'neoclassical robots,' actively explores the intersection between ethics and economics. They've published books like 'The Great Trade Off on Ethics and Globalization' and 'Rich People, Poor Countries' that examine ethical dimensions of economic behavior. These works investigate the nexus between ethical treatment of citizens, businesses, and societies in relation to economic practices. This represents a somewhat risky but important effort for economists to consider moral dimensions alongside traditional economic analysis.
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Adam Posen Discusses Ethics in Economics and Financial Decision-Making
Peterson Institute for International Economics·6 months ago
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