engleski

The Future of Labor: Keynesian Approach with Emphasis on the Role of Business Ethics within Economic Theory and Practice

According to some contemporary economic theorists inspired by Keynesian macroeconomic theory regarding to the concept of labor (e. g. Samuelson, Weitzman) the crucial issue that 21th c. global economy is dealing with is related with the concept of stagflation. The notion of stagflation might be described as disparity between labor offer and labor supply at the market place and price of the labor, as well. Our claim is that the concept of the labor, as it might be approached from the ethical point of view, involves deeper meaning than those offered by different explanations expressed in terminology not just close but specific to the modern science of economics (followed by so-called „ the classics“). According to our opinion which sprang out of deep insights into sources relevant for the understanding of Keynesian labor theory heritage in contemporary world, it involves two questions and the second one is pulled out of the first one: (1) what is or might be the real essence of labor itself? and (2) how to live our lives in modern era beyond the borders designated by rough capitalism - as morally shaped human beings in every sense of these words? The main issue of this elaboration that will be discussed in pages that follow is focused on the question of moral base of the labor today as it seen through the mirror of ethically shaped economic theory propagated by one among the greatest economic theorists in 20th century: John Maynard Keynes and his scientific, that is theoretical contribution to the understanding of the purpose of the labor in third millennium regarding contemporary (mainly unethical) business practice.

labor ; economy ; business practice ; humans ; crisis of labor ; needs for ethically based economic education

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