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| Author: | Huehn, M.P. |
| Title: | Unenlightened economism: The antecedents of bad corporate governance and ethical decline |
| Journal: | Journal of Business Ethics
2008 : SEP II, VOL. 81:4, p. 823-835 |
| Index terms: | corporate governance management theory management philosophy knowledge effectiveness efficiency ethics |
| Freeterms: | epistemology economism |
| Language: | eng |
| Abstract: | This paper extends Goshal's criticism of what management (hereafter as: mgmt.) as a scientific discipline teaches and the effects on managerial and societal ethics. It is argued that the economisation of mgmt. has a detrimental effect on the practice of mgmt. and on society. The ideology of economism is described and analyzed from an epistemological perspective. It is argued that the economisation of mgmt. not only introduces the problems of economics but also destroys the very essence of mgmt. because economics is focused on efficiency whereas mgmt. should be focused on effectiveness. The basic axioms of mainstream economics are in stark contrast to the philosophy of the Enlightenment and therefore endanger the foundations of Western societies. Mgmt. theory through via corporate governance is the Trojan horse carrying economism into society. |
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