Tag Archives: ethics

Corporate Bodies Have No Soul

William Hazlitt (1778 – 1830) was an English essayist, writer, and social commentator. He is considered one of the greatest masters of the English language, but despite his very high standing among historians of literature and art, his work is … Continue reading

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Democracy vs. Irony, Tragedy and Pathos

Disturbing events in several countries around the world during this turbulent time sprang to my mind a sharp observation by a prominent and influential American thinker and theologian Reinhold Niebuhr: “Man’s capacity for justice makes democracy possible; but man’s inclination … Continue reading

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The Virtues of the Market: Wilhelm Röpke as a Cultural Economist

by Erwin Dekker* Neoliberalism is often associated with an excessive focus on the market at the expense of both the state and society. A new book Wilhelm Röpke (1899–1966): A Liberal Political Economist and Conservative Social Philosopher, edited by Patricia Commun … Continue reading

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Genealogy of Capitalism and Sacred Economics in Victorian Britain

“Labour is Life: from the inmost heart of the Worker rises his god-­given Force, the sacred celestial Life-­essence breathed into him by Almighty God…”                                                      … Continue reading

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Accounting truth

AIG Vice Chairman Jacob Frenkel: “The left side of the balance sheet has nothing right and the right side of the balance sheet has nothing left. But they are equal to each other. So accounting-wise we are fine” (2008) *** … Continue reading

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Unethical behavior of economists

Ethical conduct in research is not just a matter of institutional rules but a core foundation of the moral and professional principles by which any scholar must be guided. Do academic economists, whose works still constantly influence legislations and policy making, follow this basic standard? Let’s … Continue reading

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You, Soros and Zizek’s “Cultural Capitalism”: We all BUY our redemption from being consumerists

In this 10 minute discerning and animated talk, the audio in which is complemented by a visually stunning cartoon, a philosopher Slavoj Zizek discusses how ethics and charity have been co-opted by capitalism, and why this is problematic and amoral. … Continue reading

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“Debt: Ethics, the Environment and the Economy”: the concept of indebtedness in its various senses and perspectives

From personal ‪‎finance‬ and consumer spending to ballooning national expenditures on warfare and social ‪welfare‬, debt is fundamental to the dynamics of global capitalism. This timely and broad volume, adited by Peter Y. Paik and Merry Wiesner-Hanks (University of Wisconsin-Milwaukee), … Continue reading

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“The Moral Background: An Inquiry into the History of Business Ethics” by Gabriel Abend brings a novel conceptual depth to the important field of the sociology of morality

Investigate the history of business ethics in the United States from the 1850s to the 1930s, this fine book (open access to the introduction) examines the work of numerous business ethicists and organizations—such as Protestant ministers, business associations, journalists and … Continue reading

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The Worth of Goods: Valuation and Pricing in the Economy

This valuable volume The Worth of Goods: Valuation and Pricing in the Economy, edited by Jens Beckert and Patrik Aspers revisits established theories of value and takes a sociological approach to the perennial but timely question of what makes a product valuable. Leading … Continue reading

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Accountants’ Truth and Economic (Im)morality: Knowledge and Ethics in the Financial World

Accounting is the language of business, increasingly standardized across the world through powerful global corporations: a technical skill used to reach the correct, unquestionable answer. Yet, as corporate scandals have shown, a whole range of financial professionals (auditors, bankers, analysts, … Continue reading

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Political Economy of Law

In his new book Political Economy Of Law, Patrick McNutt (Manchester Business School) explores the meaning of law within a political environment, and advances many new ideas and concepts first addressed in his earlier book Law, Economics and Antitrust. The … Continue reading

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