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.

Read more about this topic:  Income

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)

    Happy are those who find wisdom, and those who get understanding, for her income is better than silver, and her revenue better than gold. She is more precious than jewels, and nothing you desire can compare with her. Long life is in her right hand; in her left hand are riches and honor. Her ways are ways of pleasantness, and all her paths are peace. She is a tree of life to those who lay hold of her; those who hold her fast are called happy.
    Bible: Hebrew, Proverbs 3:13-18.

    The philosophy of hedonism means little to lovers of pleasure. They have no inclination to read philosophy, or to write it.
    Mason Cooley (b. 1927)

    The most powerful lessons about ethics and morality do not come from school discussions or classes in character building. They come from family life where people treat one another with respect, consideration, and love.
    Neil Kurshan (20th century)