1st Edition

Power and Principle in the Market Place
On Ethics and Economics

ISBN 9781138260832
Published November 22, 2016 by Routledge
302 Pages

USD $59.95

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Book Description

In the global financial crisis, the need to develop a new kind of economy with a closer relation between ethics and economics has become an important challenge to the international society. This book contributes to this debate by investigating different aspects of global business ethics and corporate social responsibility which are becoming more and more important in the ongoing discussions on the relation between market institutions and democratic governments. The different chapters of the book deal with fundamental philosophical issues of the ethics of the market economy, including discussions of the role of the social sciences and economics in contributing to a sustainable economics and global responsibility in the twenty-first century. In this sense, the book takes up the transnational debate on ethics and economics in order to contribute to a more balanced, fair, just and conscientious development in the world. The book starts with a European perspective on these issues, based on philosophical, sociological and economic views from Europe. These views are further developed in order to share thoughts of how to improve corporate social responsibility, welfare and justice, and the advancement of ethical principles in the international context. It is argued that in the international community, good corporate citizenship as social and environmental responsibility is realized through individual and organizational cosmopolitan responsibility for fostering the common good for humanity. The chapters of the book were originally presented at a conference in Copenhagen, organized together with the German Cultural Institute - the Goethe Institute of Copenhagen, Copenhagen Business School and Roskilde University, Denmark.



Jacob Dahl Rendtorff is Professor of the Responsibility, Ethics and Legitimacy of Corporations at the Department of Communication, Business and Information Technologies at the Roskilde University Centre, Denmark. He is Director of Research and also Director of Business Studies at Roskilde University Centre. He published widely in the area of business ethics and corporate social responsibility.


`This colorful set of essays, presented in a variety of topics and approaches, echoes a common aspiration: philosophy, ethics and political theory might help in promoting a new conception of economics. The book provides us with a lot of insightful ideas for the challenges we have in store in the future.' Joan Fontrodona, University of Navarra, Spain 'During the three last decades before the global financial crisis, the tradition of linking economics with politics has been lost. A "new" link between ethics and economics is proposed in this book. The contributors demonstrate that it can be developed on a sociological and philosophical basis in relation to developing responsible practices.' Yvon Pesqueux, Conservatoire National des Arts et Métiers, France