Integrative Economic Ethics: Foundations of a Civilized Market Economy

Description

Integrative Economic Ethics is a highly original work that progresses through a series of rational and philosophical arguments to address foundational issues concerning the relationship between ethics and the market economy. Rather than accepting market competition as a driver of ethical behaviour, the author shows that modern economies need to develop ethical principles that guide market competition, thus moving business ethics into the realms of political theory and civic rationality. This book was in its fourth edition in the original German in 2008, this English translation of Peter Ulrich's development of a fresh integrative approach to economic ethics will be of interest to all scholars and advanced students of business ethics, economics, and social and political philosophy.

Peter Ulrich is Full Professor of Economic and Business Ethics and Director of the Institute for Business Ethics at the University of St Gallen, Switzerland.

'Peter Ulrich's book, Integrative Economic Ethics, is most timely and prescient. The field of economics has sometimes imagined itself as a science governed by pure rationality. Yet economics has to do with human relationships that create, sustain, or destroy markets. As such, economics is inherently normative. Ulrich's focus on economic ethics addresses this concept critically and directly. This book firmly closes the alleged gap between economics and ethics by questioning that separation in the literature and by presenting sustained arguments for the concept of economic ethics.' Patricia Werhane, Ruffin Professor of Business Ethics, Darden Graduate School of Business Administration, University of Virginia