From Principles to Profits

Abstract

The relationship between ethics and economics in the context of technological growth is examined in this chapter. Data privacy in the digital economy, cryptocurrencies, decentralized finance (DeFi), and artificial intelligence (AI) are its three key areas of concentration. This chapter examines the influence of ethical issues on all these factors. It highlights the necessity for ethical governance of AI for both commercial and personal use. The chapter makes the case that, in an increasingly digital world, equitable and sustainable economic systems can only be achieved by proactive legislation, inclusive design, and privacy-aware business models.