Can economics be ethical?

Mixing markets and morals

By Iain King  

Augustin Tünger, "Facetiae Latinae et Germanicae," which depicts St Peter paying a fee by extracting coins from the mouth of a fish. Is it possible to spend money ethically?

Recent debates about the economy have rediscovered the question, “is that right?”, where “right” means more than just profits or efficiency. It’s everywhere: from the Occupy movement to corporations being damned for “immoral” tax avoidance, and public outcry over “unfair” solutions to the eurozone crisis.

Some argue that because free markets allow for personal choice, they are already…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with our newsletter, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect