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A questionaire-survey devised to measure & indicate the trend of contemporary expert opinion on the relationship of ethics to econ's is reported & discussed briefly. 49 at random selected econ'ts & 20 philosophers answered 3 objective-type questions & 1 subjective one, ('Do you make statements with explicit socio-ethical implications in teaching?'). A variety of comments added by the R's are quoted. They verify the results of the tabulation of the checked answers. The most frequent qualifications to assenting that an econ'st as such may make normative statements were: (1) he may, assuming he has competence or adequate speial knowledge in the field; & (2) he may, assuming further that he does not give such pronouncements as absolutes. The smallness in the sample indicates the need for caution in interpreting the results. Replies were anonymous & are probably valid. The study indicates that those who hold the position that the econ'st is not to offer any advice are definitely in the minority today among econ'ts & philosophers in the US. M. Maxfield.

Intro -- GLOBALISATION, GOVERNANCE AND ETHICS: NEW MANAGERIAL AND ECONOMIC INSIGHTS -- GLOBALISATION, GOVERNANCE AND ETHICS: NEW MANAGERIAL AND ECONOMIC INSIGHTS -- LIBRARY OF CONGRESS CATALOGING-IN-PUBLICATION DATA -- CONTENTS -- PREFACE -- Chapter 1: GLOBALISATION, GOVERNANCE AND ETHICS: THE MAIN ISSUES -- 1. INTRODUCTION -- 2. AN OVERVIEW OF PART I: SUSTAINABILITY -- 3. AN OVERVIEW OF PART II: POWER AND COUNTERVAILING POWER -- 4. AN OVERVIEW OF PART III: PARTNERSHIPS -- 5. AN OVERVIEW OF PART IV: GLOCAL GOVERNANCE -- 6. AN OVERVIEW OF PART V:MODELLING -- 7. AN OVERVIEW OF PART VI: ETHICAL AND SOCIAL ISSUES -- CONCLUSION -- REFERENCES -- PART I: SUSTAINABILITY -- Chapter 2: REFLECTIONS ON THE FUTURE OF CORPORATE SUSTAINABILITY IN A GLOBALISING WORLD -- ABSTRACT -- 1. INTRODUCTION -- 2. INTERNATIONAL EVENTS -- 3. GUIDELINES AND STANDARDS APPLIED TO SUSTAINABILITY -- 4. REFLECTIONS ON THE THEME -- CONCLUSION -- REFERENCES -- Chapter 3: ENVIRONMENTAL GOVERNANCE,GLOBALISATION AND ECONOMIC PERFORMANCE -- ABSTRACT -- 1. INTRODUCTION -- 2. CONSEQUENCES OF THE GLOBAL ECONOMIC SYSTEM ANDINCREASED GLOBALISATION FOR THE STATE OF THE ENVIRONMENT -- 2.1. The Tendency of Modern Economic Systems to Reduce the Felt MoralResponsibility of Individuals for Environmental Damage Caused by theirEconomic Activity -- 2.2. Can Economic Globalisation by Stimulating Economic Growth ActuallyLead to Environmental Improvement in the Absence of Greater GovernmentRegulation of Economic Activity? -- 3. IMPORTANT GLOBAL AND TRANSBOUNDARY ENVIRONMENTALPROBLEMS IDENTIFIED -- 4. FAILURES IN THE GOVERNANCE OF GLOBALAND INTERNATIONAL ENVIRONMENTAL PROBLEMS -- 4.1. Inadequacies of Environmental Governance by Market Systems -- 4.2. Political Inadequacies in the Governance of Global EnvironmentalProblems -- CONCLUSION -- ACKNOWLEDGMENTS -- REFERENCES.

This book introduces a study of ethics and values to develop a deeper understanding of markets, business, and economic life. Its distinctive feature is its thorough integration across personal and institutional perspectives; across applied ethics and political philosophy; and across philosophy, business, and economics. Part 1 studies markets, property rights, and law, and introduces normative theories with many applications. Part 2 examines the purpose of corporations and their responsibilities. Parts 3 and 4 analyze business and economic life through the ethics and values of welfare and efficiency, liberty, rights, equality, desert, personal character, community, and the common good. This second edition maintains the strengths of the first edition - short, digestible chapters and engaging writing that explains challenging ideas clearly. The material is user-friendly, with an emphasis on a strong theoretical core. Easily adaptable to the instructor's teaching, the chapters are separable and can be shaped to the interests of the instructor with suggested course outlines and flexible application to case studies. This text is designed both for coursework in business ethics, as well as interdisciplinary programs in philosophy, politics, economics, and law. This second edition revises presentation of eight normative theories, with increased emphasis on linksto business and economic life; incorporates recent scholarship on shareholder/stakeholder debates about the purpose of corporations, bringing this important topic up to date; includes a new, streamlined preface that provides a quick overview of the book before smoothly guiding the reader to the first chapter; uses updated examples and applications; revamps a useful appendix, including enhancing the popular primer on ethics; includes Key Terms, Discussion Questions, Biographies, and Lists of Further Readings at the end of each chapter; and includes a new ending chapter on the value of an ethical life.

The primary aim of the text is to introduce the reader to the relationship between economics and ethics and to the application of economic ethics in the evaluation of the market. The reader will gain insight into:. * The ethical and methodological strat

This book introduces a study of ethics and values to develop a deeper understanding of markets, business, and economic life. Its distinctive feature is its thorough integration across personal and institutional perspectives; across applied ethics and political philosophy; and across philosophy, business, and economics. Part1 studies markets, property rights, and law, and introduces normative theories with many applications. Part2 examines the purpose of corporations and their responsibilities. Parts 3 and4 analyze business and economic life through the ethics and values of welfare and efficiency, liberty, rights, equality, desert, personal character, community, and the common good. This second editionmaintains the strengths of the first edition—short, digestible chapters and engaging writing that explains challenging ideas clearly. The material is user-friendly, with an emphasis on a strong theoretical core. Easily adaptable to the instructor's teaching, the chapters are separable and can be shaped to the interests of the instructor with suggested course outlines and flexible application to case studies. This text is designed both for coursework in business ethics, as well as interdisciplinary programs in philosophy, politics, economics, and law.This second edition:revises presentation of eight normative theories, with increased emphasis on linksto business and economic life;incorporates recent scholarship on shareholder/stakeholder debates about the purpose of corporations, bringing this important topic up to date;includes a new, streamlined preface that provides a quick overview of the book before smoothly guiding the reader to the first chapter;uses updated examples and applications;revamps a useful appendix, including enhancing the popular primer on ethics;includes Key Terms, Discussion Questions, Biographies, and Lists of Further Readings at the end of each chapter;includes a new ending chapter on the value of an ethical life.

"Ordonomics" is a research program that has been developed at the Chair of Economic Ethics at Martin Luther University Halle-Wittenberg. It holds that business actors (persons and organizations) can employ morality as a "factor of production", and that business ethics can be based on a specific rational-choice analysis that is fully in line with the established tradition of economic thinking. With regard to practice, the main point is that ordonomics offers a guiding concept for creating win-win solutions that help business firms to do well by doing good. With regard to theory, ordonomics offers a conceptual framework for business ethics that makes ethics and economics coherent and mutually compatible with each other.

The article deals with the interconnection of ethics and economics, focusing on the long-term economic modeling. Economic models that pretend to be positive often contain implicit normative assumptions of intertemporal justice. The evolution of ethical assumptions in economics is analyzed and the overview of different justice theories is given.

Given recent focus on unethical activity and failings in corporate governance in the private sector, this paper briefly overviews the application of 'economic rationalism' in public administration and its impacts on the ethics of public sector decisions. It is argued that although 'unethical' decisions in public administration may be influenced by the economic imperatives embodied in 'economic rationalist' policies, it does not follow that the application of economic principles is necessarily inconsistent or injurious to ethical outcomes. In many instances the application of economic principles in public administration adds value by making existing ethical conflicts transparent and enabling more informed decisions.

PurposeThe purpose of this paper is to offer a critical and broad perspective on how transnational companies (TNCs) behave in the global context, focussing its attention on the controversial issue of tax avoidance in the UK. It pursues this aim by taking into account not only economic globalisation, mobility of capital and tax havens but also ethics and corporate social responsibility.Design/methodology/approachThis paper seeks to provide an interdisciplinary viewpoint drawing not only from well-established scholarly literature but also from real cases and evidence, such as the scandals involving corporate giants, such as Starbucks, Google and Amazon in the UK.FindingsThis paper highlights the fundamental interplay and mutual aid of ethics and international laws, underlining the increasing importance of corporate social responsibility principles in today's business practices. However, it also emphasises the need of reinforcing these principles with either regional or universalistic legal approaches to tackle TNCs' misconduct in the international arena.Practical implicationsThis paper suggests that by establishing and enforcing international business laws, increasingly aligned with ethical principles, the gap between ethics and legislation can be consistently bridged. Hence, TNCs' behaviour could be more efficiently controlled.Originality/valueThe paper contributes to the literature on modern economic globalisation by providing a comprehensive and integrative perspective on TNCs' behaviour, accounting for the interplay of socio-ethical, legal and business principles.