“The impoverishment of economics related to its distancing from ethics affects both welfare economics (narrowing its reach and relevance) and predictive economics”

—  Amartya Sen

weakening its behavioural foundations
Chap. 2 : Economic Judgements and Moral Philosophy
1990s, On Ethics and Economics (1991)

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Amartya Sen31
Indian economist 1933

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“It is arguable that a closer contact between ethics and economics can be beneficial not only to economics but even to ethics. Many ethical problems have what we have been calling 'engineering' aspects, and some of them do, in fact, involve economic relations.”

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