Business Ethics oxymoron???
Written by: Pfins April 3rd, 2009 Edmonton, News, Politics, School of Business | leave a response
Well it sure would seem that way looking at the history of modern economics, but if you look at the principles highlighted by Adam Smith in ALL his books, you would see that ethics play a vital roll in the success of our modern economic juggernaut.
The effort is there to improve business ethics, but the reality is human urges like greed and selfishness are evidently something that more often than not coincide with success in the business world… Further regulation and steeper penalties for violating laws should hopefully help, but scandals always seem to have a way of repeating themselves..
SOOO…. this topic is significantly more serious than the last, even threw in some ear plugs to concentrate…lame… Anyway there’s a few thoughts on that..
Cheers,
Pfins
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April 3rd, 2009 at 3:49 pm
CHEATERRRRR!!!!!! I’M TELLING!!!!
April 3rd, 2009 at 4:18 pm
??
April 3rd, 2009 at 4:44 pm
How can you cheat at a blog?
April 3rd, 2009 at 4:45 pm
I think that greed and selfishness are only as implicit as they are taught - if we educated our children (undoubtedly our future economists, day traders and mortgage agents) in ethics in the same way that we educate them in long division and amoritization, perhaps it would be as second nature.
Sadly, the truth about Smith and economics is only that the ethics are apparent insofar as you’ve been reading everything else - and I don’t think that they teach the Theory of Moral Sentiments or Lectures on Justice etc along side the vestigal “invisible hand”.
April 3rd, 2009 at 7:39 pm
“The invisible hand” I believe its called, nothing too original.
April 3rd, 2009 at 10:32 pm
prejudice and unfairness.
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