Moral Purpose of Economics

The book insists that economic activity must be subordinated to ethical and social ends, rejecting the notion that the pursuit of self-interest automatically produces public good, and calling for a revaluation of values.

Argues that economic life must be subordinated to moral values and that cooperation depends on moral principles.

Emphasizes that economic efficiency depends on human motives and professional spirit, not merely on economic incentives.

Argues that economic activity must be subordinated to social purpose, and that industry should be seen as a servant, not master, of society.