Ads
related to: ethical statements in business economics
Search results
Results From The WOW.Com Content Network
Economic ethics is the combination of economics and ethics that judges from both disciplines to predict, analyze, and model economic phenomena. It encompasses the theoretical ethical prerequisites and foundations of economic systems. This particular school of thought dates back to the Greek philosopher Aristotle, whose Nicomachean Ethics ...
Friedman doctrine. The Friedman doctrine, also called shareholder theory, is a normative theory of business ethics advanced by economist Milton Friedman which holds that the social responsibility of business is to increase its profits. [1] This shareholder primacy approach views shareholders as the economic engine of the organization and the ...
Positive and normative economics. In the philosophy of economics, a descriptive or positive statement is an assertion about facts of the world, while prescriptive or normative statements express value judgments. The former describe the world as it is, while the latter talk about the world as it should be. [1]
t. e. Business ethics (also known as corporate ethics) is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. [1]
ISSN. 0167-4544 (print) 1573-0697 (web) JSTOR. 01674544. Links. Journal homepage. The Journal of Business Ethics is a peer-reviewed academic journal published by Springer. The Journal of Business Ethics is one of the journals used by the Financial Times for in compiling the Business Schools research rank.
For example, the statement "Mary is a good person" uses 'good' very differently than in the statement "That is good food". Ethics is mainly focused on moral goods rather than natural goods, while economics has a concern in what is economically good for the society but not an individual person and is also interested in natural goods.
James R. Otteson (/ ˈ ɑː t ɪ s ən /; born June 19, 1968) is an American philosopher and political economist.He is the John T. Ryan Jr. Professor of Business Ethics [1] at the University of Notre Dame.
The ethics of economic systems is an area of overlap between business ethics and the philosophy of economics. People who write on the ethics of economic systems are more likely to call themselves political philosophers than business ethicists or economic philosophers .