Research Institute of Hawzah and University; (Hawzah wa Dāneshgāh Research Institute) Methodology of Social Sciences and Humanities 1608-7070 26 103 2020 06 21 The Comparative study of the effect of ethical valuation different criteria on economic policy making and its implications for Islamic economics The Comparative study of the effect of ethical valuation different criteria on economic policy making and its implications for Islamic economics 85 100 1713 10.30471/mssh.2020.5606.1905 FA Seyed Mohammad Ali Mousavi Imam Khomeini Education& Research Institute, Qom, Iran Mohammad Javad Tavakoli Faculty member of Imam Khomeini Educational and Research Institute 0000-0002-8184-8163 Journal Article 2019 07 14 Although economists typically try to make their theories free from ethical evaluations, their theories are value laden. In this paper, we examine the impact of ethical schools on economic policies. The findings of the paper show that consequential, deontological, virtue-based and rights-based ethics have a particular impact on economic policy making. These approaches, while affecting the definition of the goals of economic policies, provide the basis for establishing the principles that define the framework of economic policies for achieving those goals. The result of this trend is that neoclassical utilitarian economists, with an emphasis on the role of complete competition market for achieving welfare, propose price policies to compensate market failure. The policy orientation in the capability-based approach of Sen and rights-based Contractarianism of Rawls, through the creation of changes in the structure of the market and the introduction of new institutions, is respectively, human development and the provision of basic goods to the poorest of the community. The feminist virtue-based economists also propose the promotion of the role of women's caring activities in their policy orientations. Although economists typically try to make their theories free from ethical evaluations, their theories are value laden. In this paper, we examine the impact of ethical schools on economic policies. The findings of the paper show that consequential, deontological, virtue-based and rights-based ethics have a particular impact on economic policy making. These approaches, while affecting the definition of the goals of economic policies, provide the basis for establishing the principles that define the framework of economic policies for achieving those goals. The result of this trend is that neoclassical utilitarian economists, with an emphasis on the role of complete competition market for achieving welfare, propose price policies to compensate market failure. The policy orientation in the capability-based approach of Sen and rights-based Contractarianism of Rawls, through the creation of changes in the structure of the market and the introduction of new institutions, is respectively, human development and the provision of basic goods to the poorest of the community. The feminist virtue-based economists also propose the promotion of the role of women's caring activities in their policy orientations. https://method.rihu.ac.ir/article_1713_fca2b11d3b4064154af3c450f7264c1c.pdf