Towards the integration of ethics and economic development: An institutional approach

This paper offers a novel conceptual framework based on decision-making institutions, structures and principles, for a systemic integration of ethics and economic development. Within this framework ethical issues are systematically incorporated into the main components of the decision-making process for sustained economic and ethical development. These components include an optimal decision-making structure based on merit and justice, proper decision-making procedures, reliable information flows, rational and moral decision-making criteria, and an effective motivation structure that includes both material and moral incentives