The moral layer of contemporary economics: A virtue-ethics perspective

Radu Vranceanu

No DR 07006, ESSEC Working Papers from ESSEC Research Center, ESSEC Business School

Abstract: This paper questions whether the contemporary science of economics and its recommendations are built on sound moral foundations as assessed from a virtue-based definition of ethical behaviour. We argue that the model of man underlying economic analyses can correspond to the model of a virtuous person, and that economics, by advocating reasoned choice and careful resource utilization, makes a positive contribution to the moral development of individuals.

Keywords: Economics; Efficiency; Rationality; Tastes; Virtue Ethics (search for similar items in EconPapers)
JEL-codes: A11 A13 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2007-04
New Economics Papers: this item is included in nep-hpe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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