An Analysis of Producer's Benefit in the framework of Ethical Economics approach
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Abstract: (5567 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. |
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Keywords: economic insight, Deception cost, Quality equilibrium, Adverse selection, producer's benefit |
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Full-Text [PDF 144 kb]
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Article type: Research |
Subject:
General Received: 2016/01/5 | Accepted: 2016/01/5 | Published: 2016/01/5
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