dc.contributor | Mladjan, Mrdjan M. | |
dc.creator | Fatić, Aleksandar | |
dc.date.accessioned | 2018-07-13T13:11:25Z | |
dc.date.available | 2018-07-13T13:11:25Z | |
dc.date.issued | 2018 | |
dc.identifier.isbn | 978-963-301-663-3 | |
dc.identifier.uri | http://rifdt.instifdt.bg.ac.rs/123456789/1784 | |
dc.description.abstract | In contrast to the neo-liberal ideology which dominates much of
modern economic discourse, virtue ethics embraces the same set of morality
for both private and public sphere. In this paper we argue that virtue ethics
need nevertheless not at all be in clash with contemporary economic theory.
Linking the preferences represented by utility functions in neoclassical
economics and the system of values which inspires them can in our view
align economic thinking with broader social thinking. Using this novel
approach, we demonstrate that many economic and social problems can be
solved so as to arrive at efficient outcomes and a higher expected level of
utility compared to a case with separate public and private moralities. For
addressing the problems characteristic of small open economies, our virtue ethics
perspective on economics supports some government intervention as
well as cooperation and solidarity between societies in a similar situation. | en |
dc.language.iso | en | sr |
dc.publisher | Budapest : Hungarian Academy of Science | sr |
dc.relation | info:eu-repo/grantAgreement/MESTD/Basic Research (BR or ON)/179049/RS// | sr |
dc.rights | openAccess | sr |
dc.rights.uri | https://creativecommons.org/licenses/by/4.0/ | |
dc.source | Sustainable Growth and Development in Small Open Economies | sr |
dc.subject | virtue ethics | sr |
dc.subject | neoclassical economics | sr |
dc.subject | market efficiency | sr |
dc.subject | small open economies | sr |
dc.title | Economics and Morality: How to Reconcile Economic Thinking with Broader Social Thinking | en |
dc.type | bookPart | sr |
dc.rights.license | BY | sr |
dcterms.abstract | Фатиц, Aлександар; | |
dc.citation.spage | 199 | |
dc.citation.epage | 217 | |
dc.type.version | publishedVersion | sr |
dc.identifier.fulltext | http://rifdt.instifdt.bg.ac.rs/bitstream/id/3956/579-64-1257-1-10-20180413.pdf | |
dc.identifier.rcub | https://hdl.handle.net/21.15107/rcub_rifdt_1784 | |