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Virtue as Competence in the Entrepreneurial Society

Nils Karlson and Elina Fergin Wennberg

No 250, Ratio Working Papers from The Ratio Institute

Abstract: This paper analyses the relationship between competence and virtue. We argue that virtues

should be regarded as a kind of competencies, which are essential in an entrepreneurial

society, both for individual development and for the sustainability of such a society. Such

competencies, or virtues, are essential not only for entrepreneurial success, but they may also

be regarded as the informal norms, the rules of fair conduct, necessary to uphold an open

market system. Moreover, to a certain degree virtues are learnt through the practice of

entrepreneurship. Due to their importance, though, this may not be enough. Formal education

should be complemented with situated learning, reflection and dialogue on moral and ethical

issues, particularly in the context of management and entrepreneurial praxis.

Keywords: entrepreneurship; competence; skills; business ethics; education (search for similar items in EconPapers)
JEL-codes: D01 I25 I29 L26 M53 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2014-12-31
New Economics Papers: this item is included in nep-ent, nep-hpe and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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