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Ethicaleconomics Concept Ethicaleconomicsisakindofsciencetomakearesearchonethicaleconomy Itusedtomakeworkersknowthemoralawarenessandmoralactivities Italsoresearchontherelationshipwithproduction exchange allocationandconsumers behavior Frommypointofview moraleconomicsisreflectedinbehavior suchasrunninghonestybusinessandnotcheatingconsumers Ithinkit sthemoralinbusiness Origin ABritishhistoriancalledThompsonraisedtheconceptofmoraleconomicsin1971 Theconceptwasusedtoexplainthefoodriotsatfirst Shortlyafterwards itusedwidelytoexplaintheprotestsindifferentareas periodsandfields Moraleconomics hasbecameaimportantconcepttoresearchonsocialtransformationthen Seemstome thefirstformofmoraleconomicsisjusttoanalyzethefoodriots behavior Thenotherscientistsexplored Theconcepthasdeveloped History Economicsdevelopedinthe18thcenturyasabranchofmoralphilosophy Beforewriting TheWealthofNations aclassicinafieldofmarketeconomics ScottisheconomistandphilosopherAdamSmithwrote TheTheoryofMoralSentiments Inthisearlierwork Smitharguedthatsocialharmonyemergesasanunintendedindividuals whoareself interestedbynature Features TheCentreforEthicalEconomicsclaimsthatanethicalapproachtoeconomicscanbetterinformdecisionmakingintaxationenvironmentalprotectionandclimatechange incomes andthedistributionofsocietalwealth Ethicaleconomicsdoesnotnecessarilyimplyasocialistsystemofeconomicorganization whichrequiresamoreequaldistributionofwealthamongallmembersofasociety Atty TomLinton whooperatesanotherwebsiteonethicaleconomicsknownas MoralEconomy writesthatethicaleconomicsretainsthebenefitsofmoderncapitalism findingwaysforcapitalismtoco existwithsustainablesocialandenvironmentalbenefits Relationship Ethicsandeconomyhaverelationshipandeffectswitheachother Ethicshasafunctionwithmarketeconomyhealthpromotionandsustainabledevelopment Firstly ethicsisthekineticfactorofdevelopingproductiveforces itprovidesstableandsustainablepowersourceforeconomicgrowth Secondly asakindofsocialcapitalethicsisakindofintangibleassetsforeconomicaloperation Ethicsprovidesthebasicofmutualcooperationandtrustingeachotherforpeople seconomicactivities themoreperfectmarketeconomicsystemis themoreimportantethicsis Finally thevalueorientationofethicsevaluationprovidescorrectdirectionforeconomicactivity Case1 HPfoundedin1939 Itownsmorethanonebilliondollars Itcontainscomputers musicplayers printersandsoon Becauseoftheadministration thecreditandthequality HPhasgotmanygoodremarksinsocietyandithasbeenbeyondalotofcompaniesnowadays Case2 In2005 KFCwasreportedthatitcontainedachemicalcalledSudan1inNewOrleansRoastedBurgerandNewOrleansRoastedWing andSudan1cancausecancer Thecasebecamethefocusofpeople sattentionrapidly Toourrelief KFCacknowledgeditsfaultimmediately However itlostsomebenefits Case3 Accordingtotheinvestigationofrelateddepartments SanluwasfoundedthatitcontainedachemicalcalledC3N6H6whichcancausekidneystonesandkidneyfailurein2008 Andthecasecausedanationalscandal Toouranger Sanludidn tacknowledgeitsfault Becauseofthelackofmoral itlostmanybenefits Solutions Asforthegovernment 1 Itneedseverythingpossibletoensurethequalityofproducts particularlythesafetyoffoodasaconcernofpeople slife 2 Itshouldimproveitssystemandregulations 3 Itshouldstrengthenitssupervisionandadministration 4 Itoughttoenforcethelawstrictlyandfairly 5 Itoughttostrengthentheconstructionofsocialcreditsystem 6 It ssupposedtostrengthentheideologicaleducation Solutions Asfortheproducers 1 It sveryimportanttobehonest sotheproducersshouldruntheircompanieshonestly 2 Theyshouldcorrecttheirfalsevaluesandobservelawsandthesocialcreditsystem 3 Theyshouldmakearightbusinessstrategyandhaveagoodbrandawareness 4 Theyoughttostrengthentheindependentinnovationability 5 Theyshouldensurethequalityoftheirserviceandproducts 6 Theyshouldhavethesenseofsocialresponsibility 7 Theircompaniesshouldhaveagoodculture Solutions Asfortheconsumers 1 Theymustpayattentiontothethingstheyeat 2 Theyshouldstudylawsandunderstandlaws 3 Theyshoulddevelopanawarenessofhowtoprotecttheirlegalrightsbyusinglawsifcheated Conclusion Frommypointofview moralandeconomyarebothimportantnowadays Weshouldbemoraline
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