Economics as ethical economy in the tradition of the historical school introduction

Peter Koslowski

pp. 1-11

in: Peter Koslowski (ed), The theory of ethical economy in the historical school, Berlin, Springer, 1995

Abstract

The dominance of neoclassical economic theory in economics and the separation of practical philosophy and cultural studies from economic analysis have caused a situation in which the historical and ethical dimension of economic systems is not sufficiently considered. For these reasons, economics does not respond sufficiently to the historical changes of economic systems and to the problem of the collision between economic cultures stemming from different historical formations and cultural origins. On the other hand, practical philosophy and philosophical ethics often lack economic analysis in their treatment of questions of economic ethics and business ethics.