Purpose – Economic choice theory is built on utilitarian foundations. The purpose of this paper is to explore whether a foundation of virtue ethics might be more consistent with human nature. Design/methodology/approach – The paper focuses on utilitarianism vs virtue ethics as foundations of...

Starts out with a survey of various formal theories that have focused on discrimination in the labor market. Argues that Becker’s traditional taste for discrimination model, the various statistical discrimination models and the new cultural communication cost models ultimately yield...