The Role Of Business Ethics In Economic Performance

The Role of Business Ethics in Economic Performance is a major edited collection of papers on why and how the conduct of business behaviour effects its commercial success. The book offers a comprehensive introduction to the issues looking at the lessons from economic theory, the institutional setting and the supply and demand side conditions which are forcing firms to take ethics seriously. Lord Eatwell considers the ethical foundations of the market economy. Mark Casson analyses the economic importance of leaders, while Simon Deakin and Frank Wilkinson empirically examine the role of contractual obligation in the UK. Adrian Cadbury and Norman Barry examine voluntary institutions and government's importance in setting ethics. Maurie Cohen and Russell Sparkes look at the ethical consumers and ethical investors increasing influence on business conduct. Finally Clive Wright and Neil Hood examine the internal organisation of national and transnational firms which increasingly build an ethical dimension into their corporate decision making.

A growing body of academic and business specialists are paying attention to ethical issues in business and economics, drawing on a wide range of different disciplinary and theoretical perspectives. This volume presents important new insights from scholars in economics, philosophy, business ethics and management studies. In addition to providing specific perspectives on particular topics, it presents strategic perspectives on the development of the field. Readers can inform themselves on developments in particular areas, such as social accountability or stakeholder governance; they will also find substantial contributions related to the interfaces of ethics and economics, economics and philosophy, business ethics and political science, and business ethics and management. The collection is a thought-provoking contribution to the development of business and economic ethics as an increasingly important field of academic study.

This book, the second of two volumes, is inspired by the famous philosopher of India, Kautilya, author of the first book on economics in the world, Arthashashtra. It analyzes the influence of ethical values from ancient societies on modern systems of management and economics. While this book deals with the “global sages” like Aristotle, Buddha, Jesus, the scope is also expanded to incorporate other notable modern thinkers like Karl Marx, Adam Smith, and Rabindranath Tagore. This book aims to highlight the interrelationships between ethics and management, both from a micro and macroeconomics, as well as organizational and national, perspective. It will be useful for those interested in history, economics, development studies, international relations, and global politics.

Twenty-seven international scholars and business leaders analyse the challenges facing business ethics in China: the role of different ethical traditions, the creation of ethical corporate cultures, corruption and the lack of confidence, consumption patterns and income distribution, globalization, WTO and information technology, to name a few.

At the forefront of international concerns about global legislation and regulation, a host of noted environmentalists and business ethicists examine ethical issues in consumption from the points of view of environmental sustainability, economic development, and free enterprise. Visit our website for sample chapters!

This textbook examines the extent to which moral values play a role as productive forces for the economy, and explores the effect of ethical and unethical Behavior on the economy. It shows how ethics improves productivity in the economy, and provides specific ethics tools for practical application for students and managers. Stemming from an overall interdisciplinary approach, and combining recent research results from sciences such as economics, business administration, Behavioral economics, philosophy, psychology and sociology, this textbook fills a gap in the literature on ethics in business. The book begins with the foundations of business ethics by defining business ethics, delineating its objectives, and discussing the importance of business ethics for business, the economy and society. Next, it presents the ethical evaluation approaches to enable the reader to evaluate economic Behavior ethically. It then explores ‘man in business’, and deals with such issues as Behavior, motivation, ethical orientation, and the presence or absence of a sense of justice. Following this is a discussion of the rules of the market and of questions such as: Does the market economy promote ethical Behavior or is there a conflict of goals between ethics and market economy? Do companies have a social responsibility? The book concludes with an analysis of the importance of ethics for productivity in the enterprise and in the economy, and presents ethics tools as the instruments with which management can promote ethical Behavior of their employees. Following a textbook structure, the book first derives knowledge from scientific studies that is relevant for students, and then summarizes the results. It explains ethical assessment approaches, and then gives an ethical assessment of economic Behavior using case studies. It uses roleplaying and games to explain the Behavior of people in relation to ethics.

Master's Thesis from the year 2011 in the subject Business economics - Business Ethics, Corporate Ethics, grade: 78 % (1,0), University of Exeter (Business School), course: Strategy/Operations, language: English, abstract: 1. Introduction "Ethics are in vogue" is an assertion drawn after the International Herald Tribune (IHT) conference on luxury (Smale, 2007). The reason for this statement is the presumption of an emergent type of luxury consumer whose purchase decision is up to the ethical behaviour of business. Is this concept mere wishful thinking or does it reflect empirical reality, since the latter would void the expression "the devil wears Prada". It is obvious, that the conventional way of economic development not any longer satisfies the needs of the world in which we live - "the environment is, without doubt, one area which is being subjected to greater public scrutiny" (Dembkowski and Hanmer-Llyod, 1994). Society increasingly requires a healthy living, innovative, efficient and safe technologies as well as a "stable and safe" natural and social environment (Jochem 2011). The media especially reports on ethical and sustainable business conduct and its affects on "human health, the ecosystem and future generations" (Bonacchi and Rinaldi, 2006). Simultaneously to the increasing requirements of ethical and sustainable business conduct, the luxury fur demand is substantially growing. From US $ 456.99 million in 2001, the world fur outlook estimates an increase in sales up to US $ 854.13 million in 2011 (Parker, 2005) - fur auction houses sell "record-breaking" numbers. Fur re-emerges as a fashionable design material; especially younger designers are "fascinated with fur and use it in innovative ways" (Foreman, 2010). The material has also trickled down to the streets - the younger generation demands it more than ever; even child fashion designers use it for their collections (Vulsier, 2010). The inherent question from these insights is whether both developme

Since the financial crisis of 2007/2008, a renewed discussion on the ethics and finance is being examined from different dimensions – finance for good society, responsible finance, ethical finance, financial crimes, and financial repression. The principal objective of this Handbook on Ethics of Islamic Economics and Finance is to provide a deeper understanding of the ethical underpinning of Islamic economics and finance. The reader will notice that the Handbook reflects a diversity of views on the subject of economic and business ethics in Islam across the intellectual spectrum of Muslim thought over the globe. Handbook attempts to find answers to some questions concerning the definition and characteristics of the ethical system in Islam. What is its goal and how do its rules and practices ensure welfare for individuals and society? Are the moral principles universal and invariable or do they change and adapt with the social changes of communities and progress in science and technology? Is the present generation accountable for the welfare of future generations? Where is the boundary between law and ethics and who guarantees their adoption and implementation?