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Chapter Summary

Superficially, an extension of the evolving economic paradigms to the field of ethics could be established with reference to the formers supposed 'instrumental' nature. Two distinct models under ethical realism are subsequently developed as ethical welfarism and ethical modernism. Ethics itself has occasionally facilitated a process where technical imperatives self-transformation into ethical imperatives. Ethical realism evolves with the assumption that the core job of ethics is about collecting moral facts. This assumption must be understood in direct relation to sciences. Major differences are rooted in the particular methodological approach ethical welfarism inherits from ethical realism. The main connection between ethical modernism and ethical welfarism is that, in one way or the other, historical laws are taken to promote basic economic goals. Some fair skepticism as to the achievability of linear ethical progress in history relates to the provisional character of individual self-legislation.

Keywords: economic paradigms; ethical modernism; ethical realism; ethical welfarism; individual self-legislation



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