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:: Volume 3, Issue 7 (9-2014) ::
mieaoi 2014, 3(7): 105-120 Back to browse issues page
An Analysis of Producer's Benefit in the framework of Ethical Economics approach
Abstract:   (5566 Views)

Abstract

Background: Ethics in economics means an interpretation of economics and economic issues that concerns moral dimension for realistic explanation of economic behaviors.

Method: Focusing on the case study of citrus producers, we analyze benefit reduction of producers when they act immorally. We use a descriptive and certain quantitative method, in this approach.

Results: The immoral action by producers leads to reduction of their benefits in long-run. Economic insight with regard to long-run benefit, will bind producers to act morally, whether there is a moral prescription or not.

Conclusion: Acting moral will benefit to producers. Benefit-base insight (Utilitarian ethics) in economic agents is the best way for considering ethics in economics to increase benefit.

Keywords: economic insight, Deception cost, Quality equilibrium, Adverse selection, producer's benefit
Full-Text [PDF 144 kb]   (989 Downloads)    
Article type: Research | Subject: General
Received: 2016/01/5 | Accepted: 2016/01/5 | Published: 2016/01/5
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An Analysis of Producer's Benefit in the framework of Ethical Economics approach. mieaoi 2014; 3 (7) :105-120
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Volume 3, Issue 7 (9-2014) Back to browse issues page
نشریه اقتصاد و بانکداری اسلامی Islamic Economics and Banking
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