Locating Responsibility – An Extended Transaction Cost Approach

Martin Kolmar and Thomas Beschorner

Zeitschrift für Wirtschafts- und Unternehmensethik - Journal for Business, Economics & Ethics, 2016, vol. 17, issue 1, 118-147

Abstract: Most debates in ethics, business ethics, and normative economics start with an (often implicit) exogenous premise that the level of normative responsibility is assigned to either individuals (theories of morality) or a certain “layer” of institutions like the state (theories of justice) or a corporation (theories of business ethics). We argue that this approach is too limited to allow for comprehensive view on the relationship between individual, organizational, and institutional responsibility and develop an approach that takes the assignment of normative responsibility as an integral part of an ethical theory. This approach is based on transaction-costs as the basic explanatory concept.

Keywords: Business Ethics; Institutional Economics; Transaction Costs (search for similar items in EconPapers)
JEL-codes: A13 A14 M14 Z10 (search for similar items in EconPapers)
Date: 2016
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Zeitschrift für Wirtschafts- und Unternehmensethik - Journal for Business, Economics & Ethics is currently edited by Prof. Dr. Thomas Beschorner (St.Gallen, Schweiz), Dr. Markus Breuer (Berlin), Prof. Dr. Dr. Alexander Brink (Bayreuth und Witten/Herdecke), Dr. Bettina Hollstein (Erfurt), Dr. Marc C. Huebscher (Hamburg) and Dr. Olaf J. Schumann (Frankfurt a.M.)

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