search query: @indexterm Philosophy / total: 237
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| Author: | Wagner-Tsukamoto, S. |
| Title: | Contrasting the behavioural business ethics approach and the institutional economic approach to business ethics: Insights from the study of Quaker employers philosophical foundations/economics & business ethics |
| Journal: | Journal of Business Ethics
2008 : NOV I, VOL. 82:4, p. 835-850 |
| Index terms: | business ethics economics ethics philosophy stakeholders theories |
| Language: | eng |
| Abstract: | It is suggested that in a modern context, institutional economics (henceforth as: i-econ.) provides a more viable business ethics (here as: b-e.) than behavioural (as: beh-al.) b-e., e.g. Kantianism or religious ethics. It is explained how the i-econ. approach to b-e. analyses morality with regard to an interaction process, favouring non-beh-al., situational intervention (here as: i-vtn.) with incentive structures and with capital exchange. This approach is argued to possibly have to be prioritized over beh-al. b-e., which tends to analyse morality at the level of the individual, favouring beh-al. i-vtn. with the individual's value, norm and belief system, e.g. through ethical pedagogy etc. Quaker ethics is used as an example of beh-al. ethics. It is concluded that through the conceptual grounding of beh-al. ethics in the economic approach, theoretical and practical limitations of beh-al. ethics, as found in a modern context, can be relaxed. |
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