The paper explores Buddhist economics as a major alternative to the Western economic mindset. Buddhism is centred on want negation and purification of the human character. Buddhist economics, developed by Schumacher, Payutto, Welford and others, challenges the basic principles of modern Western...

The paper suggests that the Just War theory provides an excellent methodological device for determining the conditions of legitimacy of companies. Just War Theory has different sets of criteria. The first establishes the right to go to war ("jus as bellum"); the second establishes the right...

The paper argues that ethics needs spirituality as an underlying background and as a major motivational force. The well-being of human communities, natural ecosystems, and future generations requires authentic care, which may develop from experiential one-ness with others and with the universal...

Business ethics and corporate social responsibility are often seen as instruments for improving the functioning of a corporation, to add value to business like other 'tools'. The Inter-faculty Group in Business Ethics of the Community of European Management Schools (CEMS) produced a new book...

The irresponsible and insensitive behavior of business leaders worldwide shows that business is an underprofessionalized occupation today. Unless future international managers demonstrate that they serve the common good in their daily practice, the legitimacy and moral standing of the business...

The paper addresses the following problems: (1) What is the relationship between competitiveness and CSR? (2) Why is the opportunistic use of CSR counter-productive? (3) How can ethical behavior survive in highly competitive markets? and (4) What is the new meaning of competitiveness in the...

Economic behavior is multifaceted and context-dependent. However, the so-called Homo Oeconomicus model states that agents are perfectly rational, self-interest-maximizing beings. This model can be criticized on both empirical and normative grounds. Understanding economic behavior requires a more...

This open access book examines from a variety of perspectives the disappearance of moral content and ethical judgment from the models employed in the formulation of modern economic theory, and some of the papers contain important proposals about how moral judgment could be reintroduced in...