Ethics, Economics, and Politics

It is now an accepted fact that there is an integral relationship between ethics, economics, and politics. That is the reason, they should be understood when it is integrated and should not be studied in silos.

Economics is the study of individual pursuit of prosperity through markets. There are three dimensions of economic goal of prosperity, which are efficiency, growth, and stability.

Politics is concerned with the community’s pursuit of justice through the government. The goal of their justice has three dimensions, namely individual freedom, equity in the distribution of benefits and burdens, and social order.

Economic and political environment can both help and distract the application process of ethics. Ethics that doesn’t have support of economics and politics has no means to achieve the community ends.

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