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Economics and ethics

B. J. Reilly, M. J. Kyj

Journal of Business Ethics · 1990 · Volume 9 · Issue 9

DOI: 10.1007/BF00386351

Abstract

Business theory and management practices are outgrowths of basic economic principles. To evaluate the proper place ofethicsin business, the meaning of ethics as defined by economic theory must be assessed. This paper contends that classical economic thought advocates a nonethical decision-making context and is not functional for a modern complex, interdependent environment.

Keywords

Economic Growth, Management Practice, Economic Theory, Proper Place, Economic Principle

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