Traditional economic theory does not address moral considerations explicitly. However, virtues such as sharing, caring and altruism have received attention in economic thinking and research. In recent years, good corporate governance practices in business and governmental organizations have emphasized ethics as a core value. The emphasis of sufficiency economy philosophy on ethics and moral considerations reflects the uniqueness and foresight of this concept. sufficiency economy philosophy views an ethical foundation as vital to our economic system if the latter is to be sustainable. Such a foundation must be rooted in the values held by a majority of people and as a result will foster human development in a way that is successful and sustainable.