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.””
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.
Align economic goals with moral values.
Themes
Mood
Type
When to use this quote
- policy making
- business strategy
Key Concepts
Questions to Reflect On
- How can societies ensure economics remains a means to virtue?
- What policies embed moral ends in markets?
Profit motives can dominate moral considerations.