The ordonomic approach to business ethics

Ingo Pies

No 2017-05, Discussion Papers from Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics

Abstract: 'Ordonomics' is a research program that has been developed at the Chair of Economic Ethics at Martin Luther University Halle-Wittenberg. It holds that business actors (persons and organizations) can employ morality as a 'factor of production', and that business ethics can be based on a specific rational-choice analysis that is fully in line with the established tradition of economic thinking. With regard to practice, the main point is that ordonomics offers a guiding concept for creating win-win solutions that help business firms to do well by doing good. With regard to theory, ordonomics offers a conceptual framework for business ethics that makes ethics and economics coherent and mutually compatible with each other.

Keywords: ordonomics; business ethics; corporate social responsibility; corporate citi-zenship; rational choice; social dilemma; governance (search for similar items in EconPapers)
JEL-codes: A12 D02 D21 D23 D62 L14 L21 M14 P12 Y80 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-cta and nep-hpe
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