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‘Ethical Novelty’: new insights into economic change

María Isabel Encinar (), Félix-Fernando Muñoz and Carolina Cañibano
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Carolina Cañibano: Universidad Rey Juan Carlos

No 2006/03, Working Papers in Economic Theory from Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History)

Abstract: Agents’ knowledge combines their perception of what reality is with their conception of what reality should be. “Ethical dynamics” refers to the evolution in the latter conception. This is a key element to explain changes in agents’ objectives of action, which usually do not result simply from interaction or “cognitive dynamics”. “Ethical novelties” are important sources of economic change. They consist of changes in the structure of action objectives which result from ethical dynamics.

Keywords: knowledge; action plan; ethical novelty; cognitive and ethical dynamics; economic change (search for similar items in EconPapers)
JEL-codes: O10 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2006-03
New Economics Papers: this item is included in nep-cbe
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