Theoretical and empirical aspects of the relationship between morality and economy

Abstract

That economics is devoid of any moral, ideological, or theological philosophy is a widespread view among major economists in recent times. In relation to issues of a moral nature, modern economics is focused on key postulates such as rational calculation, scientific neutrality and basic material goals. In connection with the aforementioned gap, which is deepening, the primary goal of the paper is to point out the need to establish a new alliance between economics and morality (ethics) as a specific value criterion, all in order to better understand the complex nature of human reality and contributing to more effective and constructive solutions to economic problems. In doing so, one bears in mind the fact that attempts to portray the economy as morally neutral have largely ended in failure, or with little success.