Linking Ethics and Economic Growth: A Comment on Hunt

Nicolai Juul Foss

Linking Ethics and Economic Growth: A Comment on Hunt

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › peer review

Abstract

Hunt (2012) builds on his work concerning ethics and resource-advantage theory to link personal ethical standards, societal norms, and economic growth but offers few details concerning the precise mechanisms that link ethics and growth. This comment suggests a number of such mechanisms – for example, the influence of prevailing ethical norms on the aggregate elasticity of substitution and, therefore, total factor productivity and growth.

Originalsprog	Engelsk
Tidsskrift	Contemporary Economics
Vol/bind	6
Udgave nummer	3
Sider (fra-til)	4-9
Antal sider	6
ISSN	2084-0845
Status	Udgivet - 2012

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AB - Hunt (2012) builds on his work concerning ethics and resource-advantage theory to link personal ethical standards, societal norms, and economic growth but offers few details concerning the precise mechanisms that link ethics and growth. This comment suggests a number of such mechanisms – for example, the influence of prevailing ethical norms on the aggregate elasticity of substitution and, therefore, total factor productivity and growth.

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KW - Competition

KW - Productivity

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