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WEALTH, VIRTUE AND ECONOMIC THEORY: A FEW OBSERVATIONS

Leonard Pluta (Department of Economics, St. Francis Xavier University, Antigonish, Nova Scotia)

Humanomics

ISSN: 0828-8666

Publication date: 1 April 1991

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

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MCB UP Ltd

Copyright © 1991, MCB UP Limited