Ethical codes reshape income distribution, transforming labor market dynamics.
Ethical codes can impact income distribution in the labor market. Recent economic thinking suggests that including moral values in traditional models can lead to more efficient outcomes. Guglielmo Davanzati explores how ethics and economics can work together, drawing on the ideas of Thorstein Veblen and John Bates Clark. Their contrasting views shed light on how ethical codes can influence the economy within different frameworks. This research is important for those interested in the history of economic thought and moral philosophy.