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Ethics

Giulio Sapelli
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Giulio Sapelli: Fondazione Eni Enrico Mattei

Chapter Chapter 2 in Morality and Corporate Governance: Firm Integrity and Spheres of Justice, 2013, pp 9-29 from Springer

Abstract: Abstract In the mid-1970s, the problem of business ethics was raised by a scientific and opinion movement that developed in the USA, where big universities are the crossroads of the cultural and economic worlds. This movement rapidly gave birth to a network composed of representatives of the cultural and business spheres. The network eventually spread all over the industrialised world and clustered into a variety of institutions. The movement was based on the widespread feeling that a firm can be considered a “moral person”, and not only a “legal person”. As such, its conduct could be subjected to normative rules, and not only described and interpreted from an analytical perspective. This ethical dimension is termed “business meso-ethics”, while the moral evaluation of economic institutions, i.e. free market, regulated market, planning, etc., is defined “business macro-ethics”. On the other hand, “micro-ethics” is concerned with evaluating the conduct of the actors operating within firms and institutions from a normative perspective [1].

Keywords: Business Ethic; Corporate Governance; Market Exchange; Moral Dilemma; Moral Evaluation (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-88-470-2784-8_2

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DOI: 10.1007/978-88-470-2784-8_2

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