Economic Theory and Ethics: The Problem of intertemporal Justice

In: Voprosy ėkonomiki: ežemesjačnyj žurnal, Heft 11, S. 53-64

Abstract

The article deals with the interconnection of ethics and economics, focusing on the long-term economic modeling. Economic models that pretend to be positive often contain implicit normative assumptions of intertemporal justice. The evolution of ethical assumptions in economics is analyzed and the overview of different justice theories is given.