Interaction of Ethics and Economics; Studying the Role of Four Axiological Foundations in the Economic Science

Some economic schools emphasize on the separation of economic from ethics. Explaining the true Islamic perspective depends on the interaction between the two ethics and economics. Using an analytical-descriptive method and explaining the relationship between ethical and economic theories, this paper seeks to the reconcile the four ethical foundation of the origin of the axiological rules' validity, the relationship of reality and axiology, the stages of the axiological rules and audience recognition in the axiological commands in two areas of science of economic; i.e. the types of economic, normative, affirmative and policy making theories, and the types of economic analysis unit with an emphasis on the individual and economic institutions. Research findings indicate that, normative economics, a subset of normative ethics and affirmative economy is in constant interaction with descriptive morality. Any difference in ethical foundations causes a distinction between relativism or the generality of the normative and policy making theories, recognition of the acme of the economic behaviors, determining the epistemic validity and reference detection of the normative and policy making economic commands, the attitude towards the existential and methodological position of institutions in economic, recognition of the economic values and ranking between the economic values with other values, creating the capacity for comparing economic ideas based on the ethical and behavioral values and the definition of the economic human and the human economic.