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This principle can be traced back to the Greek philosopher Aristotle, whose Nicomachean Ethics describes the connection between objective economic principles and the consideration of justice. [1] The academic literature on economic ethics is extensive, citing natural law and religious law as influences on the rules of economics. [ 2 ]
In the declaration Manifesto for a Global Economic Ethic fundamental principles and values of a global economy are set forth, according to the Declaration toward a Global Ethic issued by the Parliament of World Religions [1] (Chicago 1993).
Economic justice is a component of social justice and welfare economics.It is a set of moral and ethical principles for building economic institutions, where the ultimate goal is to create an opportunity for each person to establish a sufficient material foundation upon which to have a dignified, productive, and creative life.
The Second Principle of Justice provides that social and economic inequalities are to be arranged such that "(a) they are to be of the greatest benefit to the least-advantaged members of society, consistent with the just savings principle" (the difference principle); and "(b) offices and positions must be open to everyone under conditions of ...
Business ethics is related to philosophy of economics, the branch of philosophy that deals with the philosophical, political, and ethical underpinnings of business and economics. [224] Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as ...
Ethics is the philosophical study of moral phenomena. Also called moral philosophy, it investigates normative questions about what people ought to do or which behavior is morally right. Its main branches include normative ethics, applied ethics, and metaethics. Normative ethics aims to find general principles that govern how people should act.
DETROIT (Reuters) -U.S. automakers Ford Motor and General Motors will donate $1 million each, along with vehicles, to U.S. President-elect Donald Trump's January inauguration, company ...
Development ethics is a field of enquiry that reflects on both the ends and the means of economic development.It typically takes a normative stance, asking and answering questions about the nature of ethically desirable development and what ethics means for achieving development, and discusses various ethical dilemmas that the practice of development has led to.