Should Ethics Matter in Economics? A Comparative Analysis It must be acknowledged that the question of whether ethics should matter in economics would seem puzzling to many. The assumption that some type of ethical system should be in operation in all human endeavours is a common one in our society. This being said, commentators on economics and business frequently argue that the application of ethical principles to capitalist practices reflects a fundamentally mistaken understanding of the nature of capitalism. This essay will explore two distinct viewpoints on this issue: one arguing that ethical rules have no place in capitalist economics, and the other arguing that ethics must play a critical role in all economic systems. As will be...The end:
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