Question

In A Humane Economy, Wilhelm Röpke claims, "economically ignorant moralism is as objectionable as morally callous economism" (104). Do you agree? Might we have ethical reasons to suspect that economically ignorant moralism is more or less objectionable than morally callous economism?

Answer 1

I agree with the statement, because economically ignorant moralism, will not last longer and will come under the threat from those forces who don't prefer moralism. So, it is important for the proposers of moralism to be aware about the economic principles. Morally callous economism, is also objectionable as it is ignorant to the moral values and will not do good for the society.

Though, economically ignorant moralism is less objectionable, because it at least sticks to the moral values and righteous behavior. It helps communities and different sections of the society. With focus upon the economic reasoning, it will improve the effectiveness of the initiatives and policies followed by the government. So, it is less objectionable. In contrast to it, callous economism is ignorant and not much to do with the welfare of the community. So, it is not good for the society.