Value, business and globalisation – sketching a critical conceptual framework

Journal of Business Ethics 39 (1-2):161 - 167 (2002)
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Value is a basic concept in economics, ethics and sociology. Locke made labour the source of value, whereas Smith referred to an ideal exchange and Kant specified that commodities only have a market price, no intrinsic value. One can distinguish two modern concepts of value, an economic one trying to explain value in terms of utility, interest or preferences, and an ideal one considering values as ends in themselves. On this basis, Durkheim constructed his theory of value, which was developed by his followers Mauss and Bouglé and further by Bataille. Their line of thought makes it possible to develop a conceptual framework, which can be used to criticise neo-liberalism, big business and the effects of globalisation, while at the same time defending the moral value of business and giving an interpretation of the anti-globalisation protests.



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Asger Sørensen
Aarhus University

References found in this work

Two Treatises of Government.John Locke - 1988 - Indianapolis, Indiana: Cambridge University Press.
The Wealth of Nations.Adam Smith - 1976 - Hackett Publishing Company.
Economics.Paul A. Samuelson & William D. Nordhaus - 2009 - Mcgraw-Hill Irwin.
The Conception of Intrinsic Value.G. E. Moore - 1998 - In James Rachels (ed.), Philosophical Studies. Oxford University Press.

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