A Theory of Business Eunomics: The Means–Ends Relation in Business Ethics
Åsbjørn Melkevik ()
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Åsbjørn Melkevik: Harvard University
Journal of Business Ethics, 2019, vol. 160, issue 1, No 18, 293-305
Abstract:
Abstract This article indicates a new direction for business ethics, which Lon Fuller pioneered with his work on social architecture. “Eunomics”, as Fuller called it, is “the theory or study of good order and workable arrangements”. How should we appraise the effects of the various ways of organizing and running a corporation, for example, with regard to the different structures and basic plans it can espouse? We should reject the “doctrine of the infinite pliability of social arrangements”, as some forms of organization are unsound. They cannot be implemented in a proper fashion given the boundaries and the rules of the market established. A theory of business eunomics explains why each kind of legal process, including managerial direction, is better suited for the pursuit of a limited number of ends, and thus why we should not force a single institution to solve all ethical problems.
Keywords: Business ethics; Eunomics; Industrial organization; Lon Fuller; Market capitalism; Value (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1007/s10551-018-3943-x
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