What is the difference between economics & ethics?

[afterzir]

Ethics is how one should act.

Mises defined economics as the study of human action.

Is the difference just syllogistic or more than that?

 

Thanks

[Mister Mister]

Economics is descriptive.  Ethics is normative.  Economics doesn't prescribe how one should act.  Ethics doesn't predict the dynamics of human actions and interactions.

 

  For example, Mises and Rothbard both accepted the same basic methodology in economics, but were very different in ethics/politics -- Mises was a utilitarian/minarchist, Rothbard was a natural rights anarchist.