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The Moralization of the Markets
Nothing affects the modern economy (and society) more than decisions made in the market place, especially, but not only, decisions made by consumers. Although it is not startling to suggest that decisions made in production are affected by choices consumers make, consumers have long been viewed, not only by academic economists, as individual, isolated rational actors that make or refrain from purchases purely on the basis of narrow financial considerations. Markets are not and never were morally neutral. Market relations have always had an often taken-for-granted moral underpinning. The moralization of the markets refers to the dissolution and replacement of the conventional moral underpinni...
Governance Ethics: Global value creation, economic organization and normativity
This book investigates the functioning and effects of moral rules and values as endogenous elements of governance structures when applied to economic and social transactions. The point of departure and framework of this book is Josef Wieland's theory of Ethics of Governance. Its focal point is the governance of the normative aspects of corporations. The Ethics of Governance is a comparative research project on business and economic ethics which started 15 years ago. Divided into five chapters, the book provides a comprehensive insight into the theoretical foundation and application-oriented results of the research project. It covers theoretical, conceptual and practical challenges in the global economy with regard to a sustainable economy, the social responsibility of corporations, and their transcultural and normative management. By offering comprehensive insight into the research results of the Ethics of Governance project, this book provides a unique scientific work on business and economic ethics.
Relational Economics
This book introduces the research agenda of relational economics as a political economy for the governance of local and global economic transactions in modern societies. It analyses the mechanisms of global value creation and production networks by studying cooperation in intra- and inter-firm networks, intersectoral stakeholder management, and transcultural leadership. The author develops a categorical taxonomy for private and public value creation based on the effective and efficient interlinking of, and interaction between, a range of resources and abilities. In contrast to mainstream economics, which largely focuses on the laws of discrete and dyadic exchange transactions, this book asse...
Ethics and Economic Affairs
There has been a remarkable growth of interest in the ethical dimension of economic affairs. Whilst the interest in business ethics has been long-standing, it has been given renewed emphasis by high profile scandals in the world of business and finance. At the same time many economists, dissatisfied with the discipline's emphasis on self-interest and individualism, and by the asocial nature of much economic theory, have sought to enlarge the scope of economics by looking at ethical questions. In this volume a group of interdisciplinary scholars provide contributions which include evaluations of work in business ethics, empirical studies of such issues as social and ethical investing, the place of ethics in the new economics and perspectives from other disciplines.
The Culture of Money
It is widely known that – at least in current societies - culture depends on money. Less attention has been given to the contrary fact: money also depends on culture. In its very foundation - negotiations, values, exchanges, debts and obligations, contracts and laws – money's functioning is tied to cultural practices, institutions, identities, and meanings. This interdisciplinary anthology scrutinizes the two-way connection between culture and money, and its implications for economic theory. In this book a wide range of established experts and newcomers from a range of disciplines investigate current economic issues from the perspective of their social and cultural embeddedness, their cu...
Contemporary Economic Ethics and Business Ethics
The approaches to economic ethics and business ethics in Continental Europe and those in America show considerable differences but also a shared interest in turning business ethics into a subject relevant and useful for business practice as well as for the philosophical debate on ethics. The volume collects original essays on the major approaches to economic ethics and business ethics in Germany, the USA, and Europe. It provides the reader with a comprehensive overview about the discussion on modern economic ethics and business ethics. It introduces the German approaches to economic ethics and to business ethics to the English-speaking audience.
The Relational Governance of Artificial Intelligence
This book addresses the development and adoption of artificial intelligence (AI) in and by companies and the consequent need for private sector AI regulation. Highlighting the challenges to responsible business conduct and considering stakeholder interests, it identifies ethical concerns and discusses AI standards and AI norms. Based on this needs-based analysis, the author chooses relational economics as a suitable approach to develop a theoretical AI governance model. In doing so, AI is conceptualized within relational economics in the form of an autopoietic system. Building on this theoretical contribution, the book specifies the governance adaptivity of the relational AI governance approach for an unregulated AI market and for the case of the pending E.U. AI regulation, and complements it with inductively conducted categories that summarize the main research streams in AI ethics.
Perspectives on Philosophy of Management and Business Ethics
This book presents a selection of articles with focus on the theoretical foundations of business ethics, and in particular on the philosophy of management and on human rights and business. This implies identifying and discussing conflicts as well as agreement with regard to the philosophical and other foundations of business and management. Despite the general interest in corporate social responsibility and business ethics, the contemporary discussion rarely touches upon the normative core and philosophical foundations of business. There is a need to discuss the theoretical basis of business ethics and of business and human rights. Even though the actions and activities of business may be di...
Contested Transparencies, Social Movements and the Public Sphere
This edited collection examines the multi-faceted phenomenon of transparency, especially in its relation to social movements, from a range of multi-disciplinary viewpoints. Over the past few decades, transparency has become an omnipresent catch phrase in public and scientific debates. The volume tracks developments of ideas and practices of transparency from the eighteenth century to the current day, as well as their semantic, cultural and social preconditions. It connects analyses of the ideological implications of transparency concepts and transparency claims with their impact on the public sphere in general and on social movements in particular. In doing so, the book contributes to a better understanding of social conflicts and power relations in modern societies. The chapters are organized into four parts, covering the concept and ideology of transparency, historical and recent developments of the public sphere and media, the role of the state as an agent of surveillance, and conflicts over transparency and participation connected to social movements.
The Historicity of Economics
In this volume, continuities and discontinuities between Historical School of Economics and Old Institutional Economics are examined with regard to common research objectives and methods. Similarly, those between these two economic movements and New Institutional Economics as well as new economic sociology are discussed. The following questions functioned as a guideline for the contributing economists, sociologists, historians, and philosophers: Can we meaningfully speak of the Historical School of Economics (HSE) as an economic research program? What are the commonalities between the HSE and American old economic institutionalism? Does the HSE represent a part of the "lost anteroom" of New Institutional Economics and new economic sociology? How and why should the HSE matter to how we do economic and social theory today?
