A New Inquiry into Ethics of Economic System

Ethics of economic system is the ethics of ownership on the one hand. Private ownership leads certainly to exploitation or economic alienation , and thus brings about economic unjustice; only public ownership is possible to eliminate exploitation or economic alienation, and thus will realize economic justice. Ethics of economic system is the ethics of allocation system on the other hand. Economic rigtht should be distributed not only according to need but also according to work done. The basic economic right should be distributed according to the need of human being for the basic materials, it should be distributed on a complete equality, no matter the amount and the quality of his her work done and contribution. While the nonbasic economic right should be distributed according to the social essential time of labour which he/she contributes, the share of everybody contains equivalent social essential time of labour.