Economic efficiency: A paradigm for business ethics
John Stieber, Patrick Primeaux
Journal of Business Ethics · 1991 · Volume 10 · Issue 5
Abstract
Current teaching, writing and thinking in business ethics reflects (more than) a tendency to subsume business into the theoretical, idealistic and impractical objectives of philosophical ethics. Professors Primeaux and Stieber argue against this tendency. They propose the basic business model ofeconomic efficiencyas a practical and appropriate paradigm for business ethics. Understood from a behavioral perspective, economic efficiency reflects all of the ethical considerations of the academic study of philosophical ethics, but in a much more concrete and applicable manner. In effect, they are proposing that any study of business ethics defines its starting point and focus of reference in terms of economic efficiency. qu]Is there a need for business ethics? Yes, of course! Can business ethics be taught? Well, yes. But ... But, what? But, how?
Keywords
Economic Growth, Business Ethic, Business Model, Ethical Consideration, Economic Efficiency
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