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.
Original language | English |
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Journal | Contemporary Economics |
Volume | 6 |
Issue number | 3 |
Pages (from-to) | 4-9 |
Number of pages | 6 |
ISSN | 2084-0845 |
Publication status | Published - 2012 |
Keywords
- Ethics
- Trust
- Competition
- Productivity
- Economic Growth
- Resource-Advantage Theory