Ethical Economics

A detailed Summary of Ethical Economics

The term ethical and economics should never be put into the same sentance. They are almost oxymoronic in the sense that in order for one to succeed on an economic level, ethics are usually never involved. America as we have come to know it is a world full of mice and snakes. The mice are those in society who voluntarily choose to live off of the prosperous, as the snakes go out and get their prey. The capitalistic society we live in known as America is truly what we make of it. The standards and principles of America's capitalism are truly ethical and fair. One is reminded of the Darwinian theory of evolution that only the strong survive. Those who do not provide for themselves will be left to "die" in American society. The American economic society that we have come to know and love is truly fair and equal on all levels.

Since the end of Feudalism, America has lived up to it's reputation as a Capitalistic society. The True Market System kick-started the freedom of possibilities of capitalism. The right to private property, choice, voluntary exchange, comptetition, and economic incentives are what we thrive towards every day. With the incorporation of voluntary exchange and competition, Americ

The sytem of Economics in the United States of America is balanced and geared towards the citizen, not the government. Hamilton's development of the U.S. Economic system served as a blueprint for America to follow for the coming years. The national bank, taxes, debt, and loans are all perfect examples of how the people choose their own paths in life. They were/are responsible for their finances, rather than allowing them to be regulated by the government. The incorporation of Specialization allowed for a more service oriented society. Those who are qualified to perform a certain task are able to thrive in America's economic system. Absolute advantage and monopolies play a huge role in free market economics, allowing the seller to control his/her own destiny. The widespread availability of goods alotted the customer to shop around. The disparity of prices among the buyer and seller are constantly being regulated by Adam Smith's theory of the Invisible Hand-the idea that prices are automatically regulated among sellers and consumers from a supply and demand standpoint.

America's truly Capitalistic nature is thrown into question by the alarming difference between the have's and the have not's. The status quo in U.S. economics is quite off-balance, but no one is to blame for it. Darwin's theory of evolution again comes into p

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Approximate Word count = 905
Approximate Pages = 4 (250 words per page double spaced)

Category: Politics

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