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Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper.
Ethics or moral philosophy is a branch of philosophy that "involves systematizing, defending, and recommending concepts of right and wrong behavior". The field of ethics, along with aesthetics, concerns matters of value, and thus comprises the branch of philosophy called axiology.
Business history is a historiographical field which examines the history of firms, business methods, government regulation and the effects of business on society.
Strasnick, T. (1981) "Neo-utilitarian Ethics and the Ordinal Representation Assumption", in Philosophy in economics, edited by J. Pitt, Reidel Publishing. Luetge C., ed. 2013, Handbook of the Philosophical Foundations of Business Ethics. Heidelberg/New York: Springer, ISBN 978-9400714953
Descriptive ethics also has a historical dimension by exploring how moral practices and beliefs have changed over time. [191] Descriptive ethics is a multidisciplinary field that is covered by disciplines such as anthropology, sociology, psychology, and history. Its empirical outlook contrasts with the philosophical inquiry into normative ...
The human race as a whole has become wiser as history has moved along. The source of these new alternatives is the human imagination. It is the ability to come up with new ideas, rather than the ability to get in touch with unchanging essences, that is the engine of moral progress."
By Max Nisen It's easy to look at successful people and explain their achievements as the product of luck - being in the right place at the right time or being born with extraordinary talent.
In the history of economic thought, ancient economic thought refers to the ideas from people before the Middle Ages. Economics in the classical age is defined in the modern analysis as a factor of ethics and politics, only becoming an object of study as a separate discipline during the 18th century. [1] [2] [3] [4]