Macroeconomics must have an ethical foundation
by Finn Olesen
International Journal of Pluralism and Economics Education (IJPEE), Vol. 12, No. 2, 2021

Abstract: With the recent international crisis as a revelation, mainstream macroeconomics has been subject to a lot of criticism. Why only teach the mainstream story of a well-functioning economy that performs almost to perfection letting the economy in general operate closely around the intertemporal equilibrium path of harmony? In addition, mainstream macroeconomics could also be exposed to a different kind of criticism. What about ethical aspects? Should macroeconomics concern itself with questions of morality? Must macroeconomics have an ethical foundation? This paper discusses these questions.

Online publication date: Fri, 07-Jan-2022

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