Correlating Economics, Law and Ethics: Public Purpose and Reasonable Value in J.R. Commons' Economics

Key Points

• To examine how economics, law, and ethics intertwine in J.R. Commons' framework.
• Literature review of J.R. Commons' works
• Analysis of core principles in economics, law, and ethics
• Comparative analysis of theories
• Identified key concepts of public purpose and reasonable value
• Demonstrated the interdependence of economics and ethics
• Highlighted legal implications of ethical value in economic theory