This book reformulates the central questions of ethics in economic thought. It reconsiders the purpose of economic activity, the ethical values of entrepreneurs, and the Aristotelian dilemma of differentiating between needs and desires to better understand the rise of consumerism. The book also examines cultural factors, the role of religion, and the significance of informal institutions, ultimately showing how less developed countries can increase opportunities for all of their citizens.
Joanna Dzionek-Kozlowska is a lecturer and Rafal Matera is an associate professor in the department of the history of economic thought and economic history in the Institute of Economics, University of Lodz.
The timing of this book is perfect. The causes and consequences of the global financial crisis are still discussed among economists and experts from different fields... I do not have any doubt that Ethics in Economic Thought can be understood in every corner of the world. It is the book for the time of globalization.
