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- Publisher
- Emerald Publishing
- Copyright
- Copyright © Emerald Group Publishing Limited
- ISSN
- 0306-8293
- DOI
- 10.1108/03068299210007625
- Publisher site
- See Article on Publisher Site
Abstract
Develops an ethicoeconomic general equilibrium system that isfounded on a well defined ethically oriented choice of goods thatimparts an ethical motivation to the activities of consumption,production and distribution. Shows that the choice of such a numerairemarket basket and its related prices is instrumental on thepolitymarket interaction, brought out as the heart of the problem, thatis treating ethics as endogenous phenomena of the social order. Theresulting ethicoeconomic general equilibrium system is thereby found tobe only locally stable, not globally stable in its equilibria, which areall policy induced and market driven, perturbed and unsettling as polityevolves.
Journal
International Journal of Social Economics – Emerald Publishing
Published: Jan 1, 1992