WEALTH, VIRTUE AND ECONOMIC THEORY: A FEW OBSERVATIONS
Leonard Pluta
(Department of Economics, St. Francis Xavier University, Antigonish, Nova Scotia)
156
Abstract
Introduction The connection between wealth and virtue or between economics and ethics has been severed. Pure or positive economics is believed to be objective and scientific, based on facts alone, while normative or ethical reasoning is believed to be less reliable and non scientific because it is subjective, value‐laden and prone to prejudice and personal preferences.
Citation
Pluta, L. (1991), "WEALTH, VIRTUE AND ECONOMIC THEORY: A FEW OBSERVATIONS", Humanomics, Vol. 7 No. 4, pp. 36-59. https://doi.org/10.1108/eb006123
Publisher
:MCB UP Ltd
Copyright © 1991, MCB UP Limited