Code Of Professional Ethics For Economists

Code of Professional Ethics for Economists

The Code of Ethics is an instrument designed to facilitate compliance and practical proposal, it is a series of norms, regulations and values and have been established to regulate people’s behaviors and attitudes. Its objective is to serve as a guide, or reference, with an focus on regulating professional work with action and behavior criteria. When we talk about the code of ethics, we refer especially to the character of people, since it is linked to morality. Is to identify in some ways good and bad when making personal decisions.

For the application of ethical principles and rules, a personal commitment is required to find what is better and act accordingly. Which requires an understanding of what constitutes ethical behavior in the area in which a person is responsible for making the decision.

It should be noted that regulations and conditions are not coercive (they do not impose legal punishments), rather it is an internal regulation of mandatory compliance. But it should be noted that these rules can be linked. For example, a fundamental norm of the Code of Ethics is non -discrimination, either by race, religion, nationality. And these are already punishable by law.

The Code of Ethics is based on deontology, duty -oriented science, with norms and codes and is required of professionals. It is enforceable since professionals with values are desired, composed of respect, honesty and leadership. And thus the commitments, assertive communications, the fundamentals on which an organization is based, and choosing the ethically more appropriate option in any circumstance are strengthened in any circumstance.

Achieving guarantees when providing services a certain quality. It is a way to reduce conflicts and protect personal reputation or a whole work team.

There is talk of the ethical code as a key piece when creating a new entrepreneurial and business cultural, addressing the design of management concepts, which is essential for success. Analyzing that the values that the identity and business philosophy with the base. This helps to generate trust, resolve internally and external conflicts, maintain and enhance the social credibility of the company, and becoming an indispensable factor for profitability.

The codes of ethics can be of three types: aspirational, educational and regulatory. An aspirational code is a set of ideals that are achieved. An educational code is a tool to improve the understanding of ethical problems, and a means to define them. And a regulatory code is a mechanism to treat injustices.

Let’s talk a little economy, we know that it encompasses the way societies use scarce resources to produce assets with value, and how they make the distribution of goods among individuals. Its main objective is to increase admission, receive greater profitability over time. But, ethics does not always value the positive increase in income, it always takes into account legal work and respecting human rights, which is not fulfilled for example slavery work. This ethical criterion could formulate it as "choose a decent profession".

Some economic views, claim that in the economy you do not have to emphasize ethical, since they have as a basic principle to generate money and not worry about others. They look for ways that their business subsists, and has as its motto, business are businesses. Thought I don’t share. But the vast majority of economists accept that a dose of ethics is needed, that is, certain restrictions to proceed to create added value within an economy.

For ethical professional economists, it is not simply to make money, but also how to do it. These focus on generating money in a medium and constant way so that their business is sustainable, not only generating fast and short -term money. A clear example of these types of businesses with immense profits such as abuse of personnel, tree felling, polluting etc. Which are limited resources and that in the long run it will not be able to continue growing.

Another important point to take into account about ethics and economy is the very important role that human capital is assuming.