According to socialist modernization construction, this paper will discuss the ethical value of institution and institution ethics, probe modern approach to morality construction and promote ethics from traditional to modern. In the first section of the paper, I will discuss the ethical value of institution in modern society. The institution is very important to regulate the modern society, choose what and how to do, supervise government power. This is to say, the institution is social capital environment of morality construction. Therefore, it is a basic approach to morality construction to change and improve the institution. In the second section of the paper, I will discuss the background of the study of institution ethics, the basic implication and characteristics of institution ethics, the basic standards and principles of evaluating the institution. In the third section of the paper, I will discuss the necessity and effect of institution ethics which is important to improve and create institution and which is prior to individual ethics.
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