Ethical Economics and Sustainable Development

As societies strive for economic progress, they often prioritize metrics like GDP growth, technological innovation, and industrial expansion. However, amid the rush for material progress, something important yet frequently overlooked comes into focus: the influence of moral capital on the trajectory...

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Sprache:Englisch
Veröffentlicht: Taylor & Francis 2025
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collection Directory of Open Access Books
description As societies strive for economic progress, they often prioritize metrics like GDP growth, technological innovation, and industrial expansion. However, amid the rush for material progress, something important yet frequently overlooked comes into focus: the influence of moral capital on the trajectory of economic expansion. This book explores the role of moral capital and its relationship with economic growth. It emphasises how investment in moral frameworks can promote social well-being and sustainable development. The book is divided into two sections. The first part focuses on the theorisation of the moral capital and African economic sustainability nexus, while the second part is devoted to some selected empirical studies on the impact of moral capital on African economic policies. The book argues that firm growth is crucial, not only for stakeholders but also for the broader economy, underpinning the sustainability of the ecosystem, and by adhering to ethical principles, organisations can make a positive impact on social, economic, and environmental issues. Furthermore, they can proactively address societal concerns, promote fairness and justice, and engage in sustainable practices. Through their actions, institutions become agents of positive change, helping to shape a more inclusive, equitable, and sustainable world. The key message of the book is that the cultivation of moral capital requires a collective effort from all stakeholders involved in institutional development; governments, institutions, civil society, and individuals must collaborate to create an ecosystem that incentivises and rewards ethical behaviour. It includes diverse perspectives and combines conceptual, theoretical, and empirical research, addressing contemporary issues in African economic policy and sustainability. It presents global case studies to make the case for the importance of moral capital in addressing African leadership problems. The book will appeal to academics, students, and researchers in economics, ethics, development studies, and sustainability. The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives (CC BY-NC-ND) 4.0 license.
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spelling doab-20.500.12854ir-1696842025-12-02T05:03:40Z Ethical Economics and Sustainable Development Tewari, Devi Datt Ilesanmi, Kehinde Damilola Inflation National Minimum Wage Policy Africa Unemployment Environmental Social and Governance Economic growth Sustainable development thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJS Sales and marketing thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTP Development studies thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTM Regional / International studies thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJM Management and management techniques::KJMV Management of specific areas As societies strive for economic progress, they often prioritize metrics like GDP growth, technological innovation, and industrial expansion. However, amid the rush for material progress, something important yet frequently overlooked comes into focus: the influence of moral capital on the trajectory of economic expansion. This book explores the role of moral capital and its relationship with economic growth. It emphasises how investment in moral frameworks can promote social well-being and sustainable development. The book is divided into two sections. The first part focuses on the theorisation of the moral capital and African economic sustainability nexus, while the second part is devoted to some selected empirical studies on the impact of moral capital on African economic policies. The book argues that firm growth is crucial, not only for stakeholders but also for the broader economy, underpinning the sustainability of the ecosystem, and by adhering to ethical principles, organisations can make a positive impact on social, economic, and environmental issues. Furthermore, they can proactively address societal concerns, promote fairness and justice, and engage in sustainable practices. Through their actions, institutions become agents of positive change, helping to shape a more inclusive, equitable, and sustainable world. The key message of the book is that the cultivation of moral capital requires a collective effort from all stakeholders involved in institutional development; governments, institutions, civil society, and individuals must collaborate to create an ecosystem that incentivises and rewards ethical behaviour. It includes diverse perspectives and combines conceptual, theoretical, and empirical research, addressing contemporary issues in African economic policy and sustainability. It presents global case studies to make the case for the importance of moral capital in addressing African leadership problems. The book will appeal to academics, students, and researchers in economics, ethics, development studies, and sustainability. The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives (CC BY-NC-ND) 4.0 license. 2025-12-02T05:03:39Z 2025-12-02T05:03:39Z 2025-12-01T12:15:13Z 2025 book ONIX_20251201T131047_9781040439715_19 https://library.oapen.org/handle/20.500.12657/108794 9781040439715 9781041000686 9781003608035 9781040439746 https://directory.doabooks.org/handle/20.500.12854/169684 eng Routledge Studies in Development Economics open access image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/108794/1/9781040439715.pdf Taylor & Francis Routledge 10.4324/9781003608035 10.4324/9781003608035 fa69b019-f4ee-4979-8d42-c6b6c476b5f0 fde37b16-84bd-444a-9801-ba9289014904 9781040439715 9781041000686 9781003608035 9781040439746 Routledge 224 Oxford [...] open access
spellingShingle Inflation
National Minimum Wage Policy
Africa
Unemployment
Environmental
Social and Governance
Economic growth
Sustainable development
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJS Sales and marketing
thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTP Development studies
thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTM Regional / International studies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJM Management and management techniques::KJMV Management of specific areas
Ethical Economics and Sustainable Development
title Ethical Economics and Sustainable Development
title_full Ethical Economics and Sustainable Development
title_fullStr Ethical Economics and Sustainable Development
title_full_unstemmed Ethical Economics and Sustainable Development
title_short Ethical Economics and Sustainable Development
title_sort ethical economics and sustainable development
topic Inflation
National Minimum Wage Policy
Africa
Unemployment
Environmental
Social and Governance
Economic growth
Sustainable development
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJS Sales and marketing
thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTP Development studies
thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTM Regional / International studies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJM Management and management techniques::KJMV Management of specific areas
topic_facet Inflation
National Minimum Wage Policy
Africa
Unemployment
Environmental
Social and Governance
Economic growth
Sustainable development
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJS Sales and marketing
thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTP Development studies
thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTM Regional / International studies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJM Management and management techniques::KJMV Management of specific areas
url ONIX_20251201T131047_9781040439715_19