Ethics in economic thought : selected issues and various perspectives / Joanna Dzionek-Kozłowska, Rafał Matera.

Includes bibliographical references (pages 117-128).

Preface -- Economist as preacher, or technocrat, or dentist, or how the economists advise -- Re-reading of Thorstein Veblen's The theory of the leisure class in the third millennium, some remarks on conspicuous leisure and consumption -- Alfred Marshall's puzzles (and how to solve them) -- Gunnar Myrdal's take on global inequalities -- Relationship between economics and ethics in the thought of Mohandas Gandhi, an attempt to understand contemporary India -- Selected ethical and developmental issues in the works of Deepak Lal & Alan Beattie -- Economics as a positive science, reflections after reading Tomáš Sedláček's Economics of good and evil -- Zygmunt Bauman's ethical warnings int he area of economics, the third millennium's perspective -- Political corruption and electoral systems seen with economists' lenses.

Print version record.

The monograph repeatedly covers the question of the actual purpose of running an economic activity as well as the problem of referring to ethical values by entrepreneurs and the Aristotelian dilemmas differentiating between needs and wants so as to better understand the evolution of societies towards consumerism. On the other hand, we referred also to the meaning of cultural factors, the role of religion or, in general terms, the significance of informal institutions in the development of societies. We tried to identify them in the context of the discussed problems of wealth and poverty of nations, reminding the reader in a way that the non-solved question has been a major issue of economic research for years, put on a kind of pedestal of the problems analysed in economics by the father of the discipline - Adam Smith. In respective chapters we referred to the concept present in modern economic literature of stimulating development and providing equal opportunities for less developed countries, which led to pondering about the role of the country in the economy both in a national and global context. David J. Jackson.

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