Ethics and Economics: Towards a New Humanistic Synthesis for Business [Book Review]
Journal of Business Ethics 99 (1):37 - 49 (2011)
Abstract
The Encyclical-Letter Caritas in Ventate by Pope Benedict XVI suggests to advance towards a new conceptualization of the tenuous relationship between economics and ethics, proposing a "new humanistic synthesis" Where social encyclicals have traditionally justified policy proposals by natural law and theological reasoning alone, Caritas in Ventate gives great relevance to economic arguments. The encyclical defines the framework for a new business ethics which appreciates allocative and distributive efficiency, and thus both markets and institutions as improving the human condition, but locates their source and reason outside the economic sphere. It places a clear accent on the ontological connectedness of the economic and ethical dimensions of human action. It is the proper ordering of means towards the end of integral human development that allows mankind to leave a vicious circle of consumerism and enter a virtuous circle that applies the creativity fostered by markets. This vision implies a new model of business management that integrates considerations of vocation, purpose, and values at a theological levelAuthor's Profile
DOI
10.1007/s10551-011-0747-7
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Citations of this work
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Christian Ethics and Spirituality in Leading Business Organizations: Editorial Introduction.Domènec Melé & Joan Fontrodona - 2017 - Journal of Business Ethics 145 (4):671-679.
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References found in this work
The Protestant Ethic and the Spirit of Capitalism.Max Weber, Talcott Parsons & R. H. Tawney - 1958 - Courier Corporation.
Beyond Economic Criteria: A Humanistic Approach to Organizational Survival.Josep M. Rosanas - 2008 - Journal of Business Ethics 78 (3):447-462.