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THE MORAL ASPECT OF BUSINESS DECISIONS

THE MORAL ASPECT OF BUSINESS DECISIONS Baker contends that ethical rules in society change in time and are different in different cultures. McGee maintains that efficiency is a variant of utilitarian ethics. Doorn asserts that Rawls’ method of wide reflective equilibrium explicates and defends his theory of justice. Burton and Goldsby argue that behavior that does not meet an identifiable and justifiable ethical standard must lead to relative harm to shareholders over the long term. Meinster explains how economic theory based on empiricist philosophical principles produces concepts that distort our experience of the economy. Werhane notices that what is often missing in organizational decision-making is a systemic as well as a morally imaginative approach. JEL: A11, L17, Q01 Keywords: moral, business, decision, efficiency, behavior, organization http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Economics, Management, and Financial Markets Addleton Academic Publishers

THE MORAL ASPECT OF BUSINESS DECISIONS

Economics, Management, and Financial Markets , Volume 5 (2): 250-256 – Jan 1, 2010

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Publisher
Addleton Academic Publishers
Copyright
© 2009 Addleton Academic Publishers
ISSN
1842-3191
eISSN
1938-212X
Publisher site
See Article on Publisher Site

Abstract

Baker contends that ethical rules in society change in time and are different in different cultures. McGee maintains that efficiency is a variant of utilitarian ethics. Doorn asserts that Rawls’ method of wide reflective equilibrium explicates and defends his theory of justice. Burton and Goldsby argue that behavior that does not meet an identifiable and justifiable ethical standard must lead to relative harm to shareholders over the long term. Meinster explains how economic theory based on empiricist philosophical principles produces concepts that distort our experience of the economy. Werhane notices that what is often missing in organizational decision-making is a systemic as well as a morally imaginative approach. JEL: A11, L17, Q01 Keywords: moral, business, decision, efficiency, behavior, organization

Journal

Economics, Management, and Financial MarketsAddleton Academic Publishers

Published: Jan 1, 2010

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