 IntroductionJavier Aranzadi
Chapter Chapter 1 in Human Action, Economics, and Ethics, 2018, pp 1-3 from Springer Abstract: Abstract Now market economy, the firm as institution, and the morality of profits are put at the stake. Market economy based in the firm as the driving institution is considered essentially greedy, and it does not guaranty the moral development of individuals, and a moral re-imagining of the firm as institution is required. In this brief essay, following the theory of human action developed by Mises, I would like to launch the thesis that market economy is open to virtuous activity so far it increases the capabilities and possibilities of individual action, not only the productive and consumption opportunities of persons. My point is to re-interpret Mises within the framework of Aristotelian ethics. Aristotelian ethical approach centers on the acting person. Recovering the classical framework permits a new approach to social sciences not based in utilitarian ethics and mathematical maximizing problems. Market economy is based in the acting person within her socio-cultural framework. Market economy is the mean to economic development and prosperity. Keywords: Market economy; Homo economicus; Neoclassical economics; Austrian School; Human action; Aristotelian ethics; Socio-cultural context; The firm (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-319-73912-0_1 Ordering information: This item can be ordered from DOI: 10.1007/978-3-319-73912-0_1 Access Statistics for this chapter More chapters in SpringerBriefs in Economics from Springer |
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