Ethics in Economics

Ethics in economics examines how moral values influence economic decisions and policies. It explores questions about fairness, justice, and the impacts of economic actions on individuals and society. Philosophers and economists analyze concepts like utility, welfare, and the distribution of resources to understand what constitutes a good or just economic system. By integrating ethical considerations, this field seeks to ensure that economic practices promote not only efficiency and growth but also social well-being and equity, addressing the moral implications of wealth, poverty, and environmental sustainability in a complex world.