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To the problem of ethical norms incorporation into modern theories of economics

To the problem of ethical norms incorporation into modern theories of economics

Journal of Institutional studies, , Vol. 6 (no.4),
p. 22-31

In the paper, it is analyzed scrutiny of ethical norms problems (i.e. trust) in context of market behavior researches and methodological problems of several modern theories of economics (neoclassical economics, neoaustrian economics, NIET (The New Institutional economic theory etc.). It is analyzed the problem of value-neutrality limitations in market behavior on the strength of ethical positions of parties to contracts. It is actualized by contradiction between conscientious and opportunistic motives and actions in different period too (short or long) and information asymmetry. It means the necessary in complex ethic-economic approach for the analysis.


Keywords: trust; praxeology; neoaustrian economics; the new institutional economics (NIE); economical opportunism

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