The book provides a critical analysis of the systemic and ethical failures that contributed to the 2008 financial crisis, focusing on the impact of speculation. It offers a balanced perspective, exploring how various factors intertwined to create a perfect storm, leading to widespread economic turmoil. Through this examination, the author sheds light on the complexities of financial systems and the moral implications of the decisions made during that period.
The book offers a comprehensive theoretical exploration of the intersection between business ethics and globalization. It traces the origins and evolution of globalization, analyzing its effects on both national and multinational corporations. The authors delve into the ethical implications of globalization for businesses, providing insights into how ethical practices can adapt and respond to the challenges posed by a globalized economy.
German Idealism develops its philosophy of history as the theory of becoming absolute and as absolute knowledge. Historism also originates from Hegel's and Schelling's discovery of absolute historicity as it turns against Idealism's philosophy of history by emphasizing the singular and unique in the process of history. German Idealism and Historism can be considered as the central German contribution to the history of ideas. Since Idealism became most influential for modern philosophy and Historism for modern historiography, they are analyzed in this volume in a collaboration of philosophers and historians. German Idealism is presented in Schelling and its critics Schlegel, Baader, and Nietzsche; Historism in Ranke, Droysen, Burckhardt, and Treitschke. The volume further presents the impact of Idealism and Historism on present German approaches to the philosophy of history and outlines the debates on the possibility of a philosophy of history and on the methodology of the historical sciences.
The internet and the electronic economy are a technological revolution whose secular importance is apparent. The internet eliminates the temporal and spatial constraints on the exchange of information. It changes deeply the world of production and of labour. It transforms the exchange relationships between producers and consumers as well as between the suppliers within the supply-chain. The electronic economy is able to generate more accurate con sumer profiles and, therefore, a more powerful and effective marketing di rected to the individual consumer. There is no industry that is not undergoing thorough changes caused by the internet. The volume at hand gives an analysis of the internet revolution. It covers questions reaching form the highly controversial thesis of the end of property rights in the internet caused by the non-rivalry of the „consumption“ of in formation to questions regarding the repercussions of the internet on our understanding of the human person. Technological changes like the introduction of the electronic economy pose the question of how to handle it and how to manage reasonably its ethi cal problems and dilemmas. The ethical problems and the business ethics of the electronic economy in the fields of production and labour, of consump tion, and in handling trust and the abuse of trust are analysed by the contribu tions from applied ethics and business ethics.
Contrary to Descartes' demand that modern science must aim for clear and distinct ideas, the fruitfulness of ambivalence and ambiguity, which was always recognized in art, is being given new attention, particularly in post-modernist thinking. The interdisciplinary theme of this volume is justified ambiguity or ambivalence. It is shown that limited unambiguity is also clearly conceivable. With contributions by Zygmunt Bauman, Friedrich Cramer, Hinderk M. Emrich, Reto Luzius Fetz, Fritz Hartmann, Kurt Hübner, Dietmar Kamper, Peter Koslowski, Knut Wolfgang Nörr, Richard Schenk, Rolf Schönberger and Falk Wagner.
The theory of ethical economy examines the ethical foundations of the market economy, showing that ethics serves as the pre-coordination of motives among economic agents before the price system coordinates market actions. It presents a positive theory of economic, ethical, and religious coordination of self-interested actions, likened to a super-assurance game in prisoners' dilemma scenarios. Ethics is framed as a remedy for market failures, while religion addresses failures in ethics. This formal ethics of coordination is paired with a material-substantive ethics of value qualities. A key principle is the classical principle of double effect, which informs managerial and general decision-making. Unintended side effects (externalities) pose significant challenges in impactful decisions. Effective management must harness positive side effects while mitigating negative ones. The theory also explores just price and fair pricing principles, emphasizing their importance for modern firms. This framework synthesizes contemporary market theory with the natural rights tradition of ethics, offering fresh perspectives on market ethics and the economic implications of ethical duties, virtues, and goods.
The theory of capitalism and of the economic order is the central topic of the German economic tradition in the 20th century. Capitalism has not only been the topic for Marxist economics and for the Frankfurt School but also for the Historical School and for the postmarxist theory of capitalism in Ordo- and Neo-Liberalism as well as in Solidarism. The question of the foundations of the economic order of the market economy and of capitalism as well as the problem whether a third path between capitalism and social ism is possible occupied this tradition from the Historical School to Ordo Liberalism and the theory of the social market economy. The theory of capitalism and of the social market economy as well as the critique and reform developed in this theoretical tradition is important for the theory of economic systems as well as for today's problems of the eco nomic order. Its relevance for the present world economy is visible in the discussions whether there exist different models of capitalism and whether they can be described as the Anglo-American and as the Rhenish model of capitalism influenced by the thought of the German economic tradition. Michel Albert, the author of this classification, gave the key-word in his book Capitalism against Capitalism. The papers of this book can help to clarify this debate by giving a first hand introduction to some of the main economic thinkers of capitalism.
The approaches to economic ethics and business ethics in Continental Europe and those in America show considerable differences but also a shared interest in turning business ethics into a subject relevant and useful for business practice as well as for the philosophical debate on ethics. The volume collects original essays on the major approaches to economic ethics and business ethics in Germany, the USA, and Europe. It provides the reader with a comprehensive overview about the discussion on modern economic ethics and business ethics. It introduces the German approaches to economic ethics and to business ethics to the English-speaking audience.
Presents the current debate on the neo-Darwinian synthesis in the analysis of sociobiology and the state of the art in evolutionary economics A combination of American and European approaches Description of the redrawing of the boundary of the life and the social scienes Systematic analysis of sociobiology & evolutionary economics
Discussion of the economic and ethical theory of the social market economy Systematic analysis of the social market economy from the point of view of economics, law, and ethics Presentation of Russian and German perspectives on the policy of economic order in the transition process from the planned to the market economy