Ethics in Economics
Can we say that capitalism, or socialism, is "good?" What does that say about our ethical beliefs? If ethics is the study of values and virtues, how do these values and virtues apply to economic decisions made by individuals, corporations and governments? How are ethics and economics related? A typical practice of modern economic decision making is to do a cost-benefit analysis before making decisions about spending resources like time and money. What do the decisions we make say about our values, our virtues, and our ethics? In this course, you will examine the ethics of modern economics and economic decision making, as well as examine the nature of ethics itself and how it applies to economics at both the micro and macro levels.