I have a hard time seeing compassion being an important determinant of economic policy. Small communities yes, aggregates no. Not an economist, but I'd be surprised if mainstream models actually take that into account.

Take pharma for example. Seemingly a noble industry, but rampant extortion on the people who precisely cannot handle it. The incentive for compassion is indirect: it is tied to PR, then probably profits (even in this case, I suspect in many cases the PR loss is nothing as long as they are legally operating, from advantages of oligopoly).

Or, if your model of economics includes things like happiness and societal health quantified into a general utility function. But this would seem to be an avalanche of variables that try to tease out things like the utility of eating junk food.