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On the Need to Revisit the Ethical Structure of Economics in the Light of Advaita Veda-nta
IIM Kozhikode Society & Management Review Pub Date : 2019-08-07 , DOI: 10.1177/2277975219859777
K. S. Sivakumar 1
Affiliation  

The ethical structure of economics, based on the standard of economic maximization of satisfaction, explains all kinds of behaviour in terms of maximization of self-interest. This paper shows that interventions from the philosophy of Advaita Vedānta would enable economics to recognize and accommodate, within its ethical structure, the important role played by altruistic and moral commitments in the decision-making deliberations of individuals. The concept-based paper deduces the primary or basic causes for the limitations in the ethical structure of economics and, in this background, expounds the ethical philosophy of Advaita Vedānta, its important takeaways and implications for the ethical structure of economics. The ethical ideal offered by Advaita Vedānta, unlike that of economics, is based on the standard of self-purification through intention/duty. The ideal is neither committed to the naturalistic fallacy (the identification of the ‘good’ with ‘satisfaction/pleasure’) nor upholds a position of maximization of consequences. By incorporating the perspectives of Advaita Vedānta into the ethical structure of economics, we may evolve an ethical standard that would exhibit, among other factors, the following implications: (a) the ethical standard would enlarge the scope of economics, without dismantling the present ethical structure of economics; (b) economic models built based on such an ethical standard would not only be comprehensive theoretical models and empirically- verifiable practical models, but more importantly, ethically-validated holistic models as well; and (c) the ethical standard and the models build upon it would also enrich other disciplines like management science, commerce, etc., which also share the strategies and models of economics.

中文翻译:

从阿德瓦塔·韦达·恩塔的角度出发,有必要重新审视经济学的伦理结构

经济学的伦理结构以满足经济最大化的标准为基础,以自我利益的最大化来解释各种行为。本文表明,采用阿德瓦塔·韦丹塔哲学的干预将使经济学能够在其伦理结构内认识并容纳利他和道德承诺在个人决策审议中的重要作用。基于概念的论文推论了造成经济学伦理结构局限性的根本原因或基本原因,并在此背景下阐述了阿德瓦塔·韦丹塔的伦理哲学,它的重要意义和对经济学伦理结构的影响。AdvaitaVedānta提供的道德理想与经济学不同,基于意图/义务进行自我净化的标准。理想既不致力于自然主义的谬论(将“好”与“满意/愉悦”的识别),也不主张后果最大化。通过将AdvaitaVedānta的观点纳入经济学的伦理结构,我们可以发展出一种伦理标准,该伦理标准除其他因素外,还表现出以下含义:(a)伦理标准将扩大经济学的范围,而不会破坏当前的伦理。经济学结构;(b)基于这种道德标准建立的经济模型不仅是全面的理论模型和可凭经验验证的实践模型,而且更重要的是,也是经过伦理学验证的整体模型;
更新日期:2019-08-07
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