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Economics Without Ethics?

In: Economics and Ethics

Author

Listed:
  • Amitava Krishna Dutt
  • Charles K. Wilber

Abstract

Some economists believe economics is a value-free science, with no place for ethics. A larger number of economists believe that although it may not be possible – or even desirable – to exclude ethics from all of economics, there is a large part of economics in which value judgments play no part. There is a growing minority, however, which argues that economics cannot avoid making value judgments right from the start, and therefore, that economic theory cannot be disentangled from ethics. This chapter examines this debate and argues that economics and ethics are so closely interlinked that it is not possible to have an economics divorced from ethics (Wilber and Hoksbergen, 1986).

Suggested Citation

  • Amitava Krishna Dutt & Charles K. Wilber, 2010. "Economics Without Ethics?," Palgrave Macmillan Books, in: Economics and Ethics, chapter 2, pages 17-34, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-27723-6_2
    DOI: 10.1057/9780230277236_2
    as

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