Current note: re Covid-19.
We accept there are difficulties even with the two words of the site name: “Ethical” can be a much debated concept. Take for example euthanasia. Is it ethical to ease the death of anyone or is death never to be voluntarily aided? And “Economics”: is it a highly mathematical science or the use of collected statistical information?
One could say that since the first recording writing was (apparently) the noting down of grain stocks 4000 years ago economics is not a new subject. Comparatively recently though many have made it into a science. But science should be accurate and provable. By 2020 few would argue that the movements of economic theory have been so huge in the last 90 years that to call economics a science is – at the least – a misnomer¹. It is surely better to treat it as being in the “half-way-house” area between Science & Humanities.
The conventional economist, since he may consider ethics to be a non-scientific subject, does not link economics with ethics as the disciplines, are as far as he is concerned, non-compatible.
But surely Ethics / Morality too is in the same “limbo” situation. There are often considered to be “laws” of morality, and hence it is a science. But like economics these “laws” do change with times and fashions.
The Ethical Economics web site concentrates on the ethical issues which should be the basis of all matters which relate – directly & indirectly – to money, quasi-money and the related discipline of economics.
Ethical Economics tries to blend the two subjects which have more similarities than often allowed for or accepted.
The web site does not seek to duplicate the admirable scholastic books already published on various aspects of ethical economics. Rather it wants to stimulate further action in a world where the signs of a desire for more blending of money and morality is starting to emerge from the 19th and 20th century financial amorality. Please choose from the various chapters. And send suggestions for additions and improvements!
¹ Whatever the merits of Picketty’s “Capital” he is surely right on page 32: e.g. ‘(Economists) obsession with mathematics is an easy way of acquiring the appearance of scientificity without having to answer the far more complex questions posed by the world we live in’ – and so on.. also “What is clear is that the old economic paradigm is looking tired. One way or another change is coming” [The Economist , July 2020]
The Centre for Ethical Economics was launched in 2000 the change of technology for web sites has meant that updating has been neglected. We hope for substantial improvement on discussing this under-discussed subject.
However already we have slightly revised the article “Context” which seems particularly in need of a prime position. Do look at that!
Frank Selkirk July 2020