Order Ethics: Bridging the Gap Between Contractarianism and Business Ethics

Luetge, Christoph; Armbrüster, Thomas; Müller, Julian F.

doi:10.1007/s10551-015-2977-6

Cited by 34 publications

(32 citation statements)

References 40 publications

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“…Rather, the paper drew on ethics in economic terms, connecting to research at the intersection of social contract economics, constitutional and institutional economics, and studies in management ethics (e.g. Buchanan 1975Buchanan , 1987bHomann 1997Homann , 1999Homann , 2014Luetge 2005;Luetge et al 2016;Vanberg, 2001Vanberg, , 2011Wagner-Tsukamoto 2005, 2012. Three complementary dimensions of an economic approach to ethics were then reconstructed for Carroll's CSR pyramid framework: (1) the systemic morality of the market economy, which mirrors a mutual gains paradigm and which Smith (1776Smith ( /1976) had already spelled out in great detail (economic growth; 'public good'; 'wealth of nations'); (2) the constitutional-legal morality of the market economy, ethics being laid down in institutional frameworks that constrain markets (e.g.…”

mentioning

confidence: 99%

In search of ethics: from Carroll to integrative CSR economics

Wagner‐Tsukamoto

2019

SRJ

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Purpose Revisiting Carroll’s classic corporate social responsibility (CSR) pyramid framework, this paper aims to evolve a novel synthesis of ethics and economics. This yielded an “integrative CSR economics”. Design/methodology/approach This theory paper examined how to conceptually set up CSR theory, argue its ethical nature and establish its practical, social and empirical relevance. Economic analysis reached out from contemporary institutional economics to Smith’s classic studies. Findings The paper reconstructed all of Carroll’s four dimensions of CSR – economic, legal, ethical and philanthropic responsibilities – through economics. The paper discounted a core assumption of much CSR research that economic approach to CSR, including the instrumental, strategic “business case” approach to CSR, were unethical and lacked any foundations in ethics theory. Integrative CSR economics reframes research on viability and capability requirements for CSR practice; redirecting empirical research on links between CSP (corporate social performance) and CFP (corporate financial performance). Research limitations/implications The paper focused on Carroll as the leading champion of CSR research. Future research needs to align other writers with integrative CSR economics. Friedman or Freeman, or the historic contributions of Dodd, Mayo, Bowen or Drucker, are especially interesting. Practical implications The paper set out how integrative CSR economics satisfies the “business case” approach to CSR and develops practical implications along: a systemic dimension of the market economy; a legal-constitutional dimension; and the dimension of market exchanges. Social implications Integrative CSR economics creates ethical benefits for society along: a systemic dimension of the market (mutual gains); a legal-constitutional dimension (law-following); and the dimension of market exchange (ethical capital creation). Social benefits are not only aspired to but also are achievable as a business case approach to CSR is followed. Originality/value The paper’s main contribution is a new synthesis of economics and ethics that yields an “integrative CSR economics”.

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confidence: 99%

In search of ethics: from Carroll to integrative CSR economics

Wagner‐Tsukamoto

2019

SRJ

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“…anarchy in its pure form fails, and the value of order suggests either some social contract, some system of formal law, or some generally accepted set of ethical-moral precepts" (Buchanan 1975, 117, emphasis as in original). Buchanan's concession is that institutional ordering of some sort -either through social contract economics or through the moral precepts approach -is needed to resolve the problems posed by the war of all (for a review of this approach, see Luetge, Armbrüster & Müller 2016). Interestingly, Buchanan strictly separates economics from religious approach -"the moral precepts approach" as he refers to it at this point.…”

Section: Solving the Institutional Problem: Economic Considerationsmentioning

confidence: 99%

The Cities of Genesis: Religion, Economics and the Rise of Modernity

Wagner‐Tsukamoto¹

2019

Textual Cultures

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The paper argues the thesis that the modern city rises in Genesis and that urban development intertwines (a) with changes to religious concepts from spiritual religion to rational religion, and (b) with changes to economic concepts from behavioural socio-economics to non-behavioural institutional economics. The conclusion arrived at is that the modern city and religious pluralism do manifest themselves, exemplarily so in the final stories of Genesis. Then, ideas on rational religion and institutional economic governance become much more visible. Through textual, narratological analysis, the paper contributes to an institutional economic theory of ancient polity, religious text and of Old Testament-based religion.

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“…Rather than doubting an ethics orientation of economics, it can be debated whether economics draws on a different concept of ethics: One that relies not on individual goodness, complete persons, intentionality, etc. instead promoting common good through a mutual gains program, both at the interaction level when agents trade capital and in societal perspective (for recent reviews, see Luetge 2005;Wagner-Tsukamoto 2005, 2008bHomann 2014;Luetge et al 2016). Smith's and Mandeville's programs were already normative and ethical in this respect, focused on the "wealth of nations" or "private vice, public good" (i.e., societal wealth; economic growth, etc.).…”

Section: Pathway One To Common Good: Personalist Humanistic Managemenmentioning

confidence: 99%

“…Institutional economics favors economic organization for systemically promoting ethical standards. This is more visible in developed market economies, when capital exchange, both inside and outside the firm, is to a significant degree institutionally enacted by organizational, legal, quasi-legal, constitutional structures, and so on (Buchanan 1975(Buchanan , 1987a(Buchanan , 1987b(Buchanan , 1991Williamson 1975Williamson , 1985Vanberg 1992Vanberg , 2001Vanberg , 2014Homann 1997Homann , 2014Wagner-Tsukamoto 2003, 2007a, 2008bLuetge 2005;Heyne 2008;Boettke 2014;Congleton 2014;Luetge et al 2016). The "economic market" and the "legal state" closely interrelated in this program, as this has been doubted at times by personalist humanistic management (e.g., Naughton 2015, p. 184).…”

Section: Pathway Two To Common Good: Personalist Humanistic Managemenmentioning

confidence: 99%

“…Therefore, in economic analysis, the homo economicus as such is neither empirically testable nor morally rateable as an image of human nature. It cannot be compared against the whole person, individual goodness and true human nature (already stressed by Smith, 1776Smith, /1976or later, by Buchanan 1975or later, by Buchanan , 1987aor later, by Buchanan , 1987bBecker 1976Becker , 1993Machlup 1978;Pies 1993;Homann 1994Homann , 1997Homann , 2014Suchanek 1994;Wagner-Tsukamoto 2003, 2010Luetge 2005;Heyne 2008;Luetge et al 2016). The whole person and individual goodness, which is the central focus of personalist humanistic management, conventionally disappear in economic analysis, being shortened to the homo economicus.…”

Section: The Role Of the Model Of Self-interest (Homo Economicus) In mentioning

confidence: 99%

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For Humanistic Management and Against Economics

Wagner‐Tsukamoto

2018

Business and Society Review

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The paper critiques the relationship between personalist ethics and institutional economics, and accepts that institutional economics can be difficult to reconcile with humanistic management that builds on personalist ethics. Even so the paper connects impersonalist ethics with institutional economics. On this ground, the paper demonstrates how theory and practice of personalist humanist management can lean on impersonalist ethics, i.e., institutional economics. Three pathways are laid out for such leanings. It is argued that to understand these alignments is important to improve the success of humanistic management, when a market economy context is given. The paper further contends that personalist humanistic management may imply abandoning the market economy when it positions itself in opposition to institutional economic reasoning that underpins the market economy.

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Order Ethics: Bridging the Gap Between Contractarianism and Business Ethics

Cited by 34 publications

References 40 publications

In search of ethics: from Carroll to integrative CSR economics

In search of ethics: from Carroll to integrative CSR economics

The Cities of Genesis: Religion, Economics and the Rise of Modernity

For Humanistic Management and Against Economics

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