Theoretical determination of a relation between economics and ethics

Abstract

This article focuses on a relation of ethics and economics, investigating their mutual interconnection and correlation. Ethics is understood by many authors and also in subconscious of wider public as a certain upper standard, that cannot be allowed by anybody in business. Unfortunately, we can also meet opinions, that ethics and economics are areas that do not have anything in common, that the ethics hinders business etc. The author of this paper on the contrary holds an opinion that ethics in necessary for economics and business and tries in the following text define theoretically the mutual correlation of both disciplines in relation to their historical development.