Income - Income in Philosophy and Ethics

Income in Philosophy and Ethics

Throughout history, many have written about the impact of income on morality and society. Saint Paul wrote 'For the love of money is a root of all kinds of evil:' (1 Timothy 6:10 (ASV)).

Some scholars have come to the conclusion that material progress and prosperity, as manifested in continuous income growth at both individual and national level, provide the indispensable foundation for sustaining any kind of morality. This argument was explicitly given by Adam Smith in his Theory of Moral Sentiments, and has more recently been developed by Harvard economist Benjamin Friedman in his book The Moral Consequences of Economic Growth.

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Famous quotes containing the words income in, income, philosophy and/or ethics:

    You boast of spending a tenth part of your income in charity; maybe you should spend the nine tenths so, and done with it.
    Henry David Thoreau (1817–1862)

    Work though we must, our jobs do not automatically determine our priorities concerning our marriages, our children, our social life, or even our health. It’s still life, constrained as it may be by limited disposable income or leisure time, and we’re still responsible for making it something we enjoy or endure.
    Melinda M. Marshall (20th century)

    My philosophy is such that I am not going to vote against the oppressed. I have been oppressed, and so I am always going to have a vote for the oppressed, regardless of whether that oppressed is black or white or yellow or the people of the Middle East, or what. I have that feeling.
    Septima Clark (1898–1987)

    Ethics and religion differ herein; that the one is the system of human duties commencing from man; the other, from God. Religion includes the personality of God; Ethics does not.
    Ralph Waldo Emerson (1803–1882)