Conventional growth policy and the forgotten potential resource : a case for the ethical economic resource

Abstract EN

To step up national growth rates, conventional policy makes an exclusive focus on production function norms in its human resource strategy.

Development of man’s ethical economic resource along the religious lines to soften man’s selfishness and promote mutual brotherly caring behavior among individuals, proves to add a utility function norm which contributes to the creation of a growth-devoted economy.

The strong conventional belief that a conflict must arise between a pure strategy of economic growth and an ideal one of distributional justice, is rooted in the failure to recognize man’s ethical economic resource on equal footing with the other strategic growth-conducive human resources.

Absence of such a strategy which strongly and positively correlates material growth and distributional justice, does explain the economic collapse of the former socialist systems that are vainly moving away from the paradigm of economic justice towards growth-oriented capitalist systems.