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Principles of Ethical Economy
John Maynard Keynes wrote to his grandchildren more than fifty years ago about their economic possibilities, and thus about our own: "I see us free, there fore, to return to some of the most sure and certain principles of religion and traditional virtue - that avarice is a vice, that the exaction of usury is a misde meanour. . . . We shall once more value ends above means and prefer the good to the useful" ("Economic Possibilities for Our Grandchildren," pp. 371-72). In the year 1930 Keynes regarded these prospects as realizable only after a time span ofone hundred years, ofwhich we have now achieved more than half. The pres ent book does not share Keynes's view that the possibility of an in...
Economics and Philosophy
"Proceedings of a conference held in Munich on Jul 22nd-25th, 1984, by Civitas Society for the Advancement of Science and Art Inc."--P. 6-7.
Restructuring the Welfare State
The welfare state has been developed first and in its largest extent in North-Western Europe, in Germany, Great Britain, the Netherlands, and Sweden. It is also in these countries where the crisis and financial problems of the welfare state are felt first. The need for restructuring the welfare state is a challenge of a supra-national, European and international scale. The book analyses the different welfare states in Germany, Great Britain, the Netherlands, and Sweden with outlooks to Eastern Europe and Japan and examines the proposals for reforming and restructuring the welfare state in Europe. The book offers a unique combination of empirical and philosophical-ethical analysis of the welfare state.
The Ethics of Banking
The Ethics of Banking analyzes the systemic and the ethical mistakes that led to the crisis. It keeps the middle ground between excusing all failures by the argument of a systemic crisis not to be taken responsibility for by the financial managers and the moralistic reproach that only moral failure is at the origin of the crisis. It investigates the role of speculation in the formation of the crisis and distinguishes between productive speculation for hedging and for securing market liquidity on the one hand, and unproductive and even detrimental hyper-speculation going far beyond of the degree of speculation that is necessary in a developed economy for the liquidity of financial markets, on the other hand. Hyper-speculation has increased the risks of the financial system and is still doing so.
Ethics in Economics, Business, and Economic Policy
This book presents an integration of the analysis of symbo- lic, ethical, and cultural meaning into the theory of econo- mic action. It demontrates that the scope of economics is widened by the inclusion of the cultural and ethical determinants of economic action and by bringing the ethical and cultural factors back into economics and management science. The book's contribution to business ethics and economic ethics lies in its distinctly continental European background which is often overlooked in current discussions of economic theory. The papers in this volume point to a mutual interpenetration of economics and ethics in a new synthesis of "ethical economy".
The Good and the Economical
Economics makes the incommensurable commensurable by money prices. On the other hand, there are varieties of goodness like the ethical that seem not to fit into the scale of prices of economics, but cannot be neglected in economizing. Ways of integrating ethics into economics must therefore be found. The aim of this book is the integration of the ethical discourse into the economic discourse about the economical and efficient. It investi§ gates into the structure of goodness. The contribution of this volume to the current debate in economic ethics and business ethics lies in its analysis of the different meanings of the good and in its reflection on the possibilities of implementing ethical...
The Social Market Economy
The social market economy forms a fundamental theory of the market economy and an integrated economic and ethical theory of the economic order in which the political and societal conditions for the working of the market are included in the theory of the market economy. The social market economy is presented as a universal theory of the decisions to be made about the economic order in all cultures and is analysed in its basic theoretical foundations and in its application to the transition process from the planned to the market economy, particulary in the privatisation of socialised property in Russia and former East Germany. Leading German and Russian experts in the field as well as four classical texts present a systematic analysis of the social market economy from the point of view of economics, law, and ethics.
Business Ethics and the Electronic Economy
The internet has set off a technological revolution that has produced thorough changes in all industries. The volume at hand gives an analysis of the internet revolution. It covers questions reaching from the highly controversial thesis of the end of property rights in the internet caused by the non-rivalry of the "consumption" of information to questions regarding the repercussions of the internet on our understanding of the human person. Technological changes like the introduction of the electronic economy raise the question of how to manage its ethical problems and dilemmas. Contributions from applied ethics and business ethics analyse the ethical problems and the business ethics of the electronic economy in the fields of production, labour, consumption, and in handling trust and the abuse of trust in the electronic business relationships. The reader is provided with a comprehensive analysis of the electronic economy and its technological, social, and ethical problems.
Globalisation and Business Ethics
Globalization has become a common phenomenon, yet one that many people experience as a threat not only to their economic existence, but also to their cultural and moral self-image. This volume takes an interdisciplinary approach to provide a theoretical overview of how business ethics deals with the phenomenon of globalization. The authors first examine the origins and development of globalization and its interaction with business ethics, before discussing the impact on and role of national and multinational corporations. The book goes on to examine the relationship between industrialized and developing countries, and explores the place of ethics in globalized markets.
Ethics of Capitalism and Critique of Sociobiology
The book has two subjects, first the ethical theory of the economic order, and secondly the critique of sociobiology and its theory of evolution. The first part, the ethics of capitalism, analyzes the rise of capitalism and the business ethics and moral theory of a capitalist economic order in a perspective from philosophy and economics. The second part, a critique of sociobiology, gives a philosophical assessment of sociobiology's contribution to the theory of the economy and society and of its impact for metaphysics and a general world view. James M. Buchanan, Nobel prize winner in economics, discusses the first part of the book in his comment "The Morality of Capitalism".
