Money has significant impacts on people's motivation and their work-related behavior in organizations. This study was conducted to develop the Money Ethic Scale (MES) and to examine the initial nomological network of the scale. A 25-page questionnaire on attitudes toward money was distributed to 1,200 subjects, including students and faculty of a state university, personnel managers attending professional compensation seminars, workers at an engineering development center, local schools, banks, churches, and other establishments. Of 689 usable questionnaires, only those from subjects with full-time work experience were selected (N=249). Fifty items were generated from the original MES scale. Data based on the original 50-item money questionnaire from 249 subjects were subjected to a principal components factor analysis and followed by a varimax rotation. Six factors were identified: Good, Evil, Achievement, Respect/Self-Esteem, Budget, and Freedom/Power. The test-retest reliability and inter-item consistency reliability for each subscale of the 30-item MES were satisfactory. The nomological network of the MES as related to demographic variables, personality variables, values, and work-related variables was also examined. (Author/NB)