Economics and ethics

Business theory and management practices are outgrowths of basic economic principles. To evaluate the proper place of ethics in business, the meaning of ethics as defined by economic theory must be assessed. This paper contends that classical economic thought advocates a nonethical decision-making c...

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Bibliographic Details
Authors: Reilly, B. J. (Author) ; Kyj, M. J. (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 1990
In: Journal of business ethics
Year: 1990, Volume: 9, Issue: 9, Pages: 691-698
Further subjects:B Proper Place
B Management Practice
B Economic Theory
B Economic Principle
B Economic Growth
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Description
Summary:Business theory and management practices are outgrowths of basic economic principles. To evaluate the proper place of ethics in business, the meaning of ethics as defined by economic theory must be assessed. This paper contends that classical economic thought advocates a nonethical decision-making context and is not functional for a modern complex, interdependent environment.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/BF00386351