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, philosophy and/or ethics:
“I know everybody’s income and what everybody earns,
And I carefully compare it with the income-tax returns;”
—Sir William Schwenck Gilbert (1836–1911)
“This philosophy of hate, of religious and racial intolerance, with its passionate urge toward war, is loose in the world. It is the enemy of democracy; it is the enemy of all the fruitful and spiritual sides of life. It is our responsibility, as individuals and organizations, to resist this.”
—Mary Heaton Vorse (1874–1966)
“Such is the brutalization of commercial ethics in this country that no one can feel anything more delicate than the velvet touch of a soft buck.”
—Raymond Chandler (1888–1959)