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Character Quote by Daniel Bell

“But no moral philosopher, from Aristotle to Aquinas, to John Locke and Adam Smith, divorced economics from a set of moral ends or held the production of wealth to be an end in itself; rather it was seen as a means to the realization of virtue, a means of leading a civilized life.” quote by Daniel Bell
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““But no moral philosopher, from Aristotle to Aquinas, to John Locke and Adam Smith, divorced economics from a set of moral ends or held the production of wealth to be an end in itself; rather it was seen as a means to the realization of virtue, a means of leading a civilized life.””

Daniel Bell

About This Quote

Source Book: "The Cultural Contradictions of Capitalism", 1976

Economics should serve moral ends and virtue, not be an end itself; wealth is a means to a civilized life.

In simple terms: Economics serves virtue, not vice.

Key Takeaway

Align economic goals with moral values.

Themes

economics morality virtue wealth civilization

Mood

analytical thoughtful

Type

philosophical critical

When to use this quote

  • policy making
  • business strategy

Key Concepts

ethical economics philosophy of economics

Questions to Reflect On

  • How can societies ensure economics remains a means to virtue?
  • What policies embed moral ends in markets?
A Different Perspective

Profit motives can dominate moral considerations.

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