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Author:Korukonda, A.R.
Bathala, C.R.T.
Title:Ethics, equity, and social justice in the economic order: using financial information for keeping social score
Journal:Journal of Business Ethics
2004 : SEP III, VOL. 54:1, p. 1-15
Index terms:Equality
Ethics
Financial information systems
New economy
Language:eng
Abstract:In the present world order unbridled forces of free market capitalism are frequently cited for wealth between the rich and the poor. Although history's verdict in favour of the free markets could hardly be harsher or clearer, it is clear that after the initial wave of triumph, the free market paradigm has developed some cracks in its facade. What marks the trail of such sustained and pronounced move toward free markets in terms of ethics, morality, social welfare and social justice? How does one keep a social score in this seemingly relentless and irreversible move all over the world toward free market capitalism? These and related questions are addressed in this article.
SCIMA record nr: 259640
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