morals vs. economics?

Question

do you think morals represent the way we would like the world to work and economics actually represent how the world really represents?

Answer 1

I can sum all the rhetoric into one sentence.
"In the darkness its easy to pretend- that the truth is what it ought to be"

I have always been fascinated by economics, it has been defined into a science postulated by well educated persons with doctorates and molded into futuristic models by the same prognosticators.

Morals, ethics, religion. The same people who hold the power to condemn acts into bins called good and evil, also get called upon to sugar coat dastardly acts of mans inhumanity to man for the sole purpose of economic gain.

As for the answer to your question, economics is easier to understand. Morals on the other hand, is more of a sucker con act, it is a pair of hands - one kind and gentle and draped on your shoulder ,all appearance taking on the great moral high road. Watch out for the other hand taking the cash out of your pocket.

Answer 2

No. Morals represent values a society determines as "right or wrong" or "good or evil". Morals are determined by an individual's conscience, principals, and judgement predicated upon the society in which they live.

Economics is a developed social science that studies the production and use of the goods and services within a particular society. Ideally, a society could have economic morals, striving to maximize the production and use of goods and services for the benefit of everyone.

Unfortunately, the world has chastized those who promulgate this theory as "socialism", and believe that "individual" freedom would be extinguished if we all worked together for a common goal.

Answer 3

Economics does not represent what the world is really like either. The economic theory of free markets has build in assumptions that it is operating in a "moral" ethical society. People are free to make decisions without threats or coercion. Contract are binding because people keep their word. Everyone has knowledge needed to make rational decision and are not deceived by lies and misrepresentations. People do not steal. What is not assumed in economic theory of markets that is generally considered part or morality are the concepts of compassion , altruism and rules for governing private behavior. In countries were markets work well there are laws and institutions that enforce ethical behavior in markets, and in countries where corruption is unchecked the economy suffers.

Answer 4

That sounds right to me. Economics, by the way, will always beat morals. Stupid really.

Answer 5

I hate to say it. I think you hit the nail on the head with this question.......Its ashame money talks.

Answer 6

sadly enough, it's all about $$$$$$$$$$

Answer 7

You got it !