Economic responsibility: John Maurice Clark - a classic on economic responsibility
In: Ethical economy. Studies in economic ethics and philosophy v. 53
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In: Ethical economy. Studies in economic ethics and philosophy v. 53
In: Ethical economy. Studies in economic ethics and philosophy, v. 53
John Maurice Clark's article "The Changing Basis of Economic Responsibility," published in the Journal of Political Economy, is the topical starting point for all scholars interested in economic responsibility and responsible economic action. John Maurice Clark (1884-1963), a leading institutional economist, reflected on the consequences of the social and economic change taking place at the turn of the last century for the responsibility of individuals, businesses, and corporations and called for the development of an economics of responsibility. This book contains in-depth articles by scholars from within and beyond economics who continue on the Clark project or address actual problems calling for economic responsibility in the light of his approach.
In: Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin 2007,5
In: Betriebswirtschaftliche Reihe
Dieses Discussion Paper enthält die Beiträge und einiges darüber hinausgehendes Material des Workshops zum Thema Kritische Reflexion empirischer Forschungsmethodik, der vom 7.9. 9.9.2006 an der ESCP-EAP in Berlin stattfand. Der Workshop wurde von der Kommission Wissenschaftstheorie im Verband der Hochschullehrer für Betriebswirtschaft (VHB) mit Unterstützung durch die Deutsche Forschungsgemeinschaft (DFG) und die Arbeitsgruppe Nachwuchs im VHB durchgeführt.
In: Social enterprise journal, Band 17, Heft 4, S. 493-512
ISSN: 1750-8533
Purpose
This paper aims to present a value cocreation framework that furthers understanding of social value cocreation.
Design/methodology/approach
This paper is an interdisciplinary conceptual analysis drawing on social enterprise studies, marketing research and philosophical value theory. It applies a visible-hand approach to the study of market relationships and, in line with philosophical research strategies, unfolds its analysis using conceptual distinctions.
Findings
This study provides a framework that substantiates the distinction between two modes of value cocreation and identifies the structure of the social enterprise business model. It explains how social enterprises can be conceived as role models for for-profit organizations, and it elucidates why social value cocreation is a demanding objective.
Research limitations/implications
This paper develops an integrative, nondichotomist view of value cocreation that does not conceptualize social and economic value cocreation as opposing goals.
Practical implications
Social enterprises can use the business model structure and two modes of value cocreation and view themselves as role models for for-profit organizations.
Social implications
This paper applies a visible-hand approach to both for-profit organizations and social enterprises. Using its framework, for-profit organizations can reflect on the consequences of their actions on society and how social value cocreation can improve social enterprise effectiveness.
Originality/value
To the best of the author's knowledge, this paper is the first to bridge service-oriented approaches to marketing and social enterprise studies using philosophical value theory to improve understanding of social value cocreation.
2016 jährte sich das Erscheinen des Artikels von John Maurice Clark mit dem in der Überschrift genannten Titel im Journal of Political Economy zum hundertsten Mal. Clark legt in diesem Artikel seine Vorstellungen zur Entwicklung einer "economics of responsibility" und zur Wahrnehmung von "responsibility in the economy" dar. Diese Ideen werden hier vorgestellt und die Rezeptionsgeschichte des Artikels in ausgewählten Forschungsgebieten skizziert. Clarks Artikel ist ein wichtiger Beitrag zur Diskussion der ökonomischen Verantwortung und damit eines Themas, das in der Wirtschaftswissenschaft und in der Wirtschafts- und Unternehmensethik Beachtung finden sollte. ; 2016 was the hundredth anniversary of the publication of John Maurice Clark's article The Changing Basis of Economic Responsibility in the Journal of Political Economy. In this article, Clark advances his ideas of the development of an "economics of responsibility" and the acceptance of "responsibility in the economy". The discussion paper presents these ideas and addresses the article's history of reception in selected fields of study. Clark's article is an important contribution to the understanding of economic responsibility and, with it, a matter calling for attention in economics, business ethics, and economic ethics.
BASE
2016 jährte sich das Erscheinen des Artikels von John Maurice Clark mit dem in der Überschrift genannten Titel im Journal of Political Economy zum hundertsten Mal. Clark legt in diesem Artikel seine Vorstellungen zur Entwicklung einer "economics of responsibility" und zur Wahrnehmung von "responsibility in the economy" dar. Diese Ideen werden hier vorgestellt und die Rezeptionsgeschichte des Artikels in ausgewählten Forschungsgebieten skizziert. Clarks Artikel ist ein wichtiger Beitrag zur Diskussion der ökonomischen Verantwortung und damit eines Themas, das in der Wirtschaftswissenschaft und in der Wirtschafts- und Unternehmensethik Beachtung finden sollte. ; 2016 was the hundredth anniversary of the publication of John Maurice Clark's article The Changing Basis of Economic Responsibility in the Journal of Political Economy. In this article, Clark advances his ideas of the development of an "economics of responsibility" and the acceptance of "responsibility in the economy." The discussion paper presents these ideas and addresses the article's history of reception in selected fields of study. Clark's article is an important contribution to the understanding of economic responsibility and, with it, a matter calling for attention in economics, business ethics, and economic ethics.
BASE
In: Management revue: socio-economic studies, Band 28, Heft 4, S. 461-486
ISSN: 1861-9908
In: Zeitschrift für Wirtschafts- und Unternehmensethik, Band 9, Heft 1, S. 129-152
"The paper aims to make a contribution to the overcoming of what Freeman has characterized by his
"separation thesis" and, based on a theory of the firm, the resources-processes-outcomes approach,
developing of a business economic-ethics approach. The resources-processes-outcomes approach draws on
two main theoretical concepts: integrative production and customer integration. The concept of customer
integration throws light on the mutual responsibility of supplier and customer for the value-creation
process and its outcomes. As regards management implications, customer integration can be interpreted
as a special case of stakeholder integration. The paper outlines this program and proposes its implementation
in two steps. Whereas the first step is mainly concerned with the statement, analysis and
extension of the ethical dimensions of the available theory, step two shall contribute to the development
of a business economic-ethical theory." (author's abstract)
In: Zeitschrift für Wirtschafts- und Unternehmensethik, Band 9, Heft 2, S. 196-221
"A theory of the firm is sketched that contains the presuppositions for a systematic integration of both
economic and ethical problems within its framework. Against the background of the stakeholder
approach, the business-economic concept of customer integration is interpreted as a special case within a
more general concept of stakeholder integration. The stakeholder approach thus provides the link
between theory of the firm and business ethics. Based on this connection, a division of the economic and
the ethical performance of a firm, and the responsibilities ascribed to them, can be avoided. The paper
provides evidence for the potential of the stakeholder approach to unify and consolidate problems and
questions within business ethics." (author's abstract)
In: Organisation und Postmoderne, S. 364-369
In: Perspektiven der analytischen Philosophie 4
In: Studies in economic ethics and philosophy
In: Australasian marketing journal: AMJ ; official journal of the Australia-New Zealand Marketing Academy (ANZMAC), Band 24, Heft 3, S. 238-240
In: Schriftenreihe für Wirtschafts- und Unternehmensethik 22
Verantwortliche Managementausbildung und Bildung für nachhaltige Entwicklung sind Aktivitätsschwerpunkte der Vereinten Nationen (Global Compact, Principles for Responsible Management Education, UN Dekade Bildung für nachhaltige Entwicklung). Die Hochschulen stehen vor der Aufgabe, Ethik und Nachhaltigkeit in die Ausbildung zu implementieren. Was heißt es konkret, ethisches Handeln in den Curricula zu berücksichtigen oder moralische Urteilskraft auszubilden? Welche Themen sind zu berücksichtigen, welche Probleme zu behandeln? Welche Anforderungen stellt die Praxis? Der vorliegende Band befasst sich mit diesen Fragen mit Blick auf die betriebswirtschaftliche Hochschulausbildung. Im ersten Teil werden Zugänge aus der Perspektive von Philosophie und Wirtschaftstheorie sowie aus der Praxis erörtert. Der zweite Teil thematisiert Prinzipien, Konzeptionen und Beispiele von Ethics Education. PD Dr. Michaela Haase lehrt Unternehmens- und Wirtschaftsethik an der Freien Universität Berlin und an der Universität der Künste in Berlin.
In: The journal of business & industrial marketing, Band 27, Heft 6, S. 447-455
ISSN: 2052-1189
PurposeThe aim of this paper is to argue for an explicit foundation of market exchange on person‐to‐person relationships as an alternative to the foundation on person‐to‐goods relationship underlying the exchange model inherited from neoclassical economics and classical contract law and used in a large significant share of marketing studies.Design/methodology/approachThe paper provides a unifying theoretical framework to the analysis of transactions and relationships that links institutional approaches from economics, sociology, and law.FindingsRelational contract theory provides a common ground for phenomena studied by both traditional exchange‐based and relationship marketing approaches. Relational contract theory conceives all types of market exchange as based on person‐to‐person relationships and provides an anchor for institutional, social and economic approaches in marketing.Research limitations/implicationsThe concept of transaction provides a common foundation for the analysis of marketing phenomena that holds in diverse environments, including arms‐length transactions and close‐linked relationships. It provides an interface between marketing theory on the one hand and institutional, social and economic disciplines on the other.Practical implicationsContracts specify how the parties to a transaction can realize action options opened up by property rights arrangements. Contracting strategy is the vital backbone of an industrial service strategy. Sound design of business models starts with the identification of the optimal owner of a resource, i.e. the actor who is in the best position to manage uncertainties or take on responsibilities associated with resource use.Originality/valueThis is the first investigation of a contractual foundation of marketing theory. It embeds the concept of exchange in an institutional framework and adapts it to the evolving business reality shaped by co‐operating firms and the rising share of services in value creation.