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The impact of ethics on growth and development: Environmental economics versus ecological economics?

Author

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  • Jiménez Sotelo, Renzo

Abstract

In this paper, it is argued that many of the prescriptions of economic policy to promote growth and achieve development tend to be divergent because they use different moral assessment systems at heart. This happens because the economics cannot define welfare without resorting to any particular ethic. The different ethics chosen explains the relationship between free market speech and the environmental economics and the evolution of the critique made by the ecological economics. This in turn reveals the differences between the concepts of growth and development: all profit needs consumption expenditure, but all welfare does not. Even, paradoxically, promoting indicators of sustained growth should not be a necessary condition for achieving sustainable development.

Suggested Citation

  • Jiménez Sotelo, Renzo, 2018. "The impact of ethics on growth and development: Environmental economics versus ecological economics?," MPRA Paper 122416, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:122416
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    File URL: https://mpra.ub.uni-muenchen.de/122416/1/MPRA_paper_122416.pdf
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    More about this item

    Keywords

    Science; sustained growth; sustainable development; equity; moral philosophy; free market; economic thought; economic policy.;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • H40 - Public Economics - - Publicly Provided Goods - - - General
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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