Ethics ? What is definition on ethics ? According to Wikipedia ethics
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Major branches of ethics include:
- Meta-ethics, about the theoretical meaning and reference of moral propositions and how their truth-values (if any) may be determined;
- Normative ethics, about the practical means of determining a moral course of action;
- Applied ethics, about how moral outcomes can be achieved in specific situations;
- Moral psychology, about how moral capacity or moral agency develops and what its nature is; and
- Descriptive ethics, about what moral values people actually abide by.
and etc. It is a very complicated subject, as it a lot of things which may influence one's definition of ethics such as cultural, social, environment, past experiences and history.
Why the topics about ethics come to attention, off late especially during the economic crisis ? Have people lose their ethical behavior when it comes to business dealings and transactions resulted in the economic catastrophe in Europe and USA ? Is it a sign the failure of capitalism system which is driven by the notion of " maximization of profit at all cost ? " Will alternative system like Communism economy works ? How about Islamic economic system, will it work ? I remembered very well, during the 1997/1998 Asian economic crisis, the prescription given was to de-nationalized the banking system and state corporations, yet the prescriptions for the Europeans and USA crisis, that it is recognized the need for the banking system to be nationalized to a certain extent. It is like the same fever with different prescriptions. In this respect, Malaysia did take different prescriptions which I believe works just fine to weather the crisis.
However, I do agree that regardless of what systems that we are coming out as an alternatives, ETHICS shall be the core or pillars of system. What it means, the system shall promote justice and equity, strike balance between public interest and individual interest and being prudent, not being excessive in spending and balance between physical and spiritual development of the nations, in accordance in once's belief, cultural background, experiences and values. This subject of ethics shall be nurtured at home and part of the educational institutions curriculum.
I remember well, during one of my course of the Introduction of Islamic Economics, Professor Aslam once told us that ;
" Should one see a tree as a tree, it is when all the problem begins "
Simple example, but one should think deeper and beyond the example, and understand the underlying messages.
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