Business Ethics versus Economic Incentives:Contemporary Issues and Dilemmas

Contemporary economic thought presumes that individuals in a society always act according to their self-interest or private economic incentives, while important ethical motivations for action, such as a concern for others and public interest, are largely ignored. This paper is based on my experience...

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Κύριος συγγραφέας: Kulshreshtha, Praveen (Συγγραφέας)
Τύπος μέσου: Ηλεκτρονική πηγή Άρθρο
Γλώσσα:Αγγλικά
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Έκδοση: Springer Science + Business Media B. V 2005
Στο/Στη: Journal of business ethics
Έτος: 2005, Τόμος: 60, Τεύχος: 4, Σελίδες: 393-410
Άλλες λέξεις-κλειδιά:B ethics of interdependence
B ethical dilemmas
B Business Ethics
B economic incentives
B ethics of prudence and self-development
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Περιγραφή
Σύνοψη:Contemporary economic thought presumes that individuals in a society always act according to their self-interest or private economic incentives, while important ethical motivations for action, such as a concern for others and public interest, are largely ignored. This paper is based on my experience of teaching an undergraduate course that highlighted the divergence between economic incentives and ethical motives for action in present-day life and business. Teaching tools such as lectures, case and group discussions were employed to address important ethical dilemmas of individuals and managers in contemporary societies. Readings underscored the evolving relationship of business ethics and economic incentives, and the relevance of ancient ethical principles (e.g., Ethics of Interdependence, and Ethics of Prudence and Self-Development) to present-day business ethics. The course emphasized the imminent need in contemporary societies to reduce the divergence between economic incentives and ethical motives for action, and called for a greater understanding of business ethics today, given the complex ethical concerns that managers confront in the current global environment.
ISSN:1573-0697
Περιλαμβάνει:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/s10551-005-1896-3