Yes,
Economics does not concern itself about the ethics of one’s spending as long as
utmost satisfaction is being derived by the consumer. However, the ability to
spend ethically would help us set our priorities right.
Economics
according to Lionel Robbins (1932) is a science
which studies human behavior as a
relationship between ends and scarce means which have alternative uses. While ethics refers to
well-founded standards of right and wrong that prescribes what humans ought to
do, usually in terms of rights, obligations, benefits to society, specific
virtues or fairness.