The importance of moral values in economy

Morality is a set of rules being effective in the whole life of a person, leading the person?s attidudes and behaviours. In that sense, the decisions a person takes in his/her daily life, and preferences can?t be considered apart from morality. Therefore, the relationship between morality and economics is as old as the history of humanity. Although this process has been intererupted from the seventeenth century to the present day due to explaning scientific rules of logical positivism and not including the moral values and rules of the theory neo-classical economics, the relationship in question has started to regain its popularity. The relationship of economic systems helping the economic activities to prosper in a specific regulation with morality and ethics is of great importance. With socialist economy system losing its popularity and commonality, the topic being most discussed is the relationship between the market economy and morality. This approach determines the need for identification of how/what the relationship of the market economy which is still common in the world with morality. Among the factors which will pave the way to minimize costs and provide effective and efficient functioning of markets is the equipment of the economics actors/cast with morality and ethics. Key Words: Moral, Economy, Market Economy, Socialist Economy System