Some Reflections on the Role of Moral Reasoning in Economics

Bertil Tungodden

Nordic Journal of Political Economy, 2004, vol. 30, 49-59

Abstract: People seem to be motivated by moral ideas and in this paper I discuss how we should take this into account in positive and normative economics. I review alternative ways of modelling moral motivation and reasoning in positive economics and discuss how the presence of moral motivation may challenge the standard framework of welfare economics. I also discuss the need for invoking non-welfaristic principles in normative economics and whether these principles can be reconciled with the Pareto principle.

JEL-codes: D10 D60 D63 D71 H2 H4 (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:noj:journl:v:30:y:2004:p:49-59

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