CORRESPONDENCE OF THE ECONOMIC ETHICS OF THE CONCEPTS OF UTILITARIANISM AND LIBERALISM TO MODERN ECONOMIC CONDITIONS

Authors

  • R. K. Kamalov Ufa Branch of the Financial University under the Government of the Russian Federation (Ufa, Russian Federation)
  • I. Y. Rassolova Ufa Branch of the Financial University under the Government of the Russian Federation (Ufa, Russian Federation)
  • F. M. Garipova Ufa Branch of the Financial University under the Government of the Russian Federation (Ufa, Russian Federation)

Keywords:

Economic liberalism, egalitarianism, neoliberalism, libertarianism, interventionism, consequentialism, hedonism, good, utility, deontology

Abstract

Ethical behavior reflects the morality of economic action and the content of economic policy. The well-being of society depends on the ethics and morals of the subject of economic activity, and corporate ethics, for example, acts as a reflection of this. But the content of the concept is a determining factor in the construction of further economic policy and conscious economic activity. The object of the study is normative ethics, which answers the question of what economic actions should be taken so that the actions of economic results have a moral meaning. The subject of the study is the ethical concepts of utilitarianism and liberalism. The purpose of the study is to describe the content of concepts and the projection of this content on the existing economic reality. The objectives of the study are as follows: 1. To consider the content of classical liberalism and classical utilitarianism; 2. To consider authoritative theoretical sources and opinions of researchers of the subject area; 3. To draw reasonable conclusions. The methodology of the research is a normative economic and philosophical approach to the phenomena under study. The result of the study is the detection of existing contradictions in the ethical concepts of utilitarianism and liberalism. A proposal to use pragmatic ethics as a concept stating that moral correctness develops in the same way as other types of knowledge – socially and economically in the evolution of social structure and economic ties – and that norms, principles and moral criteria are likely to be improved as a result of research.

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Author Biographies

R. K. Kamalov, Ufa Branch of the Financial University under the Government of the Russian Federation (Ufa, Russian Federation)

Ph.D. in Economics, Associate Professor of the Department of Economics, Management and Marketing

I. Y. Rassolova, Ufa Branch of the Financial University under the Government of the Russian Federation (Ufa, Russian Federation)

Ph.D in Philosophical Sciences, Associate Professor of the Department of Philosophy

F. M. Garipova, Ufa Branch of the Financial University under the Government of the Russian Federation (Ufa, Russian Federation)

Ph.D in Pedagogical Sciences, Associate Professor of the Department of Philosophy, History and Law

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Published

2023-03-11

How to Cite

Kamalov Р. К., Rassolova И. Ю., & Garipova Ф. М. (2023). CORRESPONDENCE OF THE ECONOMIC ETHICS OF THE CONCEPTS OF UTILITARIANISM AND LIBERALISM TO MODERN ECONOMIC CONDITIONS. DISCUSSION | Journal of Scientific Publications on Economic ISSN 2077-7639, 114(5), 14–24. Retrieved from https://discussionj.ru/index.php/polemik/article/view/85