THE IMPORTANCE OF ETHICS DURING THE PERIOD OF THE FORMATION OF ECONOMIC THEORY

  • Volejnikova, J.
Abstract:
Ethics and economics are scientific disciplines that we generally consider to be both independent and equivalent. Although at first glance it seems to be logically impossible to connect ethics and economics in any way, distinct attempts to integrate these two academic fields have been made over the course of the historical development of humanity. Interest in this problematic can be seen on many levels – from purely theoretical (research in the area of integrating ethical and economic thinking) to entirely practical (implementing ethical principles into daily economic practice). Distortion when dealing with the relationship between morality and actual economic life had already been inscribed in the human mind when the theoretical perception of the relationship between ethics and economic theory occurred. And, it is precisely economists who tend to be blamed for the substantive underestimation of economics' moral dimension. Therefore, let us ask precisely why should ethics have something in common with economics and contemporary economics with ethics? Is it at all possible to speak of the presence of ethics in economics? Where is interdisciplinarity implicated? The concept of our paper is based on a positive answer to these questions. Although these sciences traditionally differ in their subject matter and research methods, there are a number of crossover points that entitle us to perceive these disciplines as mutually related. The goal of this paper is to document the significance and influence of ethics during the period of the formation of economics as an independent scientific discipline on the basis of qualitative analysis derived from literary sources and by comparing and reconstructing the findings that were acquired. By working through the literature, we concluded that ethics codetermines a cognitive foundation – the paradigm of economic science – and represents an important source of their internal divergence in the historical development of economic theory. From the methodological perspective, solving the problem as defined presumes that an interdisciplinary approach, including philosophic and historical arguments, is a necessary tool for revealing the ethical sources of economics, their nature, significance, and the practical scope of their expression within economic theory.
SGEM Research areas:
Year:
2016
Type of Publication:
In Proceedings
Keywords:
ethics; economic theory; Adam Smith; paradigm; methodology
Volume:
16
SGEM Book title:
3rd International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM2016, Vienna Extended Session
Book number:
3.1
SGEM Series:
International Multidisciplinary Scientific Conference on Social Sciences and Arts-SGEM
Pages:
265-272
Publisher address:
51 Al. Malinov blvd, Sofia, 1712, Bulgaria
SGEM supporters:
SWS Scholarly Society; Acad Sci Czech Republ; Latvian Acad Sci; Polish Acad Sci; Russian Acad Sci; Serbian Acad Sci & Arts; Natl Acad Sci Ukraine; Natl Acad Sci Armenia; Sci Council Japan; European Acad Sci, Arts & Letters; Acad Fine Arts Zagreb Croatia; C
Period:
06-09 April, 2016
ISBN:
978-619-7105-52-0
ISSN:
2367-5659
Conference:
3rd International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM2016, Vienna Extended Session, 06-09 April, 2016
DOI:
10.5593/SGEMSOCIAL2016/HB31/S02.034
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