Re-thinking the anthropological and ethical foundation of economics and business: Human richness and capabilities enhancement [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 88 (3):431 - 444 (2009)
This article aims at showing the need for a sound ethical and anthropological foundation of economics and business, and argues the importance of a correct understanding of human values and human nature for the sake of economics and of businesses themselves. It is suggested that the ethical-anthropological side of economics and business can be grasped by taking Aristotle’s virtue ethics and Amartya Sen’s capability approach (CA) as major reference points. We hold that an “Aristotelian economics of virtues”, connected with the CA’s notion of human richness, can promote the shift to the concept of personhood, and can lead to a more “humanized” business, by fostering human flourishing, the enhancement of human capabilities, and the pursuit of a more humane development for each and every person.
|Keywords||Amartya Sen Aristotle business capability approach economics virtue ethics Martha Nussbaum richness personhood philosophical anthropology rationality|
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Citations of this work BETA
Alma Acevedo (2012). Personalist Business Ethics and Humanistic Management: Insights From Jacques Maritain. [REVIEW] Journal of Business Ethics 105 (2):197-219.
Michael Gonin, Guido Palazzo & Ulrich Hoffrage (2012). Neither Bad Apple nor Bad Barrel: How the Societal Context Impacts Unethical Behavior in Organizations. Business Ethics 21 (1):31-46.
Borany Penh (2009). New Convergences in Poverty Reduction, Conflict, and State Fragility: What Business Should Know. [REVIEW] Journal of Business Ethics 89 (4):515 - 528.
Elisabet Garriga (forthcoming). Beyond Stakeholder Utility Function: Stakeholder Capability in the Value Creation Process. Journal of Business Ethics.
Agni Kalfagianni (2013). Addressing the Global Sustainability Challenge: The Potential and Pitfalls of Private Governance From the Perspective of Human Capabilities. Journal of Business Ethics:1-14.
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