Author(s): Wei Wang
Ethics and normative decision-making play a crucial role in the field of economics, shaping how economic agents interact, allocate resources, and create policies that influence societies and individuals. Economics, as a social science, not only examines how individuals and societies allocate scarce resources to fulfil unlimited wants and needs but also addresses the ethical implications of these decisions. This essay explores the intricate relationship between ethics and normative decision-making in economics, highlighting key concepts, challenges, and the impact on various stakeholders