Significance of Ethics for Political Economy Today

Authors

  • Assoc. Prof. Dr Valentina Dramalieva Department of Political Economy, Faculty of General Economics, UNWE image/svg+xml Author

DOI:

https://doi.org/10.37075/RP.2018.3.15

Keywords:

Economics, Expansion of rationality, Ethics, Political economy
B5

Abstract

The article shows how political economy and economics are related as interpretative models of economy and as academic disciplines, and why political economy today includes ethics by necessity in its analyses. Arguments are searched in: the deficiency of economics as the only science analysing the economy; the traditional integration of societal science; the weaknesses in theory and practice stemming from the excessive specialization of social sciences; some examples showing the search for theoretical alternatives in interdisciplinary social research beyond the "pure" economy.

References

Arrow, K. (1971). Essays in the Theory of Risk Bearing. Amsterdam: North Holland Pub. Co. DOI: https://doi.org/10.2307/2978877

Donaldson, J. (1992). Business Ethics: A European Casebook. London: Academic Press Ltd.

Boulding, K. E. (1972). Economics as a Moral Science. Economica, 151-164. DOI: https://doi.org/10.2307/2552644

Knight, F. H. (1921). Risk, Uncertainty and Profit. New York: Harper Torch Book.

Schiller, B. (1989). The Economy Today. USA: Random House. ISBN: 0-394-37918-7

Williamson, O. (1975). Markets and Hierarchies: Analysis and Antitrust Implications. N.Y.: The Free Press. DOI: https://doi.org/10.2307/2230812

Published

2018-08-02

Issue

Section

Articles

How to Cite

Dramalieva, V. (2018). Significance of Ethics for Political Economy Today. Research Papers of UNWE, 3, 281-295. https://doi.org/10.37075/RP.2018.3.15