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Economic rationality and ethical behavior

Identificadores del recurso

http://hdl.handle.net/10230/682

Procedencia

(RECERCAT (Dipòsit de la Recerca de Catalunya))

Ficha

Título:: Economic rationality and ethical behavior
Tema:: Business Economics and Industrial Organization; rationality; business ethics; economic rationality; transparency; confidentiality
Descripción:: This paper argues that economic rationality and ethical behavior cannotbe reduced one to the other, casting doubts on the validity of formulaslike 'profit is ethical' or 'ethics pays'. In order to express ethicaldilemmas as opposing economic interest with ethical concerns, we proposea model of rational behavior that combines these two irreducible dimensions in an open but not arbitrary manner. Behaviors that are neither ethicalnor profitable are considered irrational (non-arbitrariness). However,behaviors that are profitable but unethical, and behaviors that are ethicalbut not profitable, are all treated as rational (openness). Combiningethical concerns with economic interest, ethical business is in turn anoptimal form of rationality between venality and sacrifice.Because every one prefers to communicate that he acts ethically, ethicalbusiness remains ambiguous until some economic interest is actuallysacrificed. We argue however that ethical business has an interest indemonstrating its consistency between communication and behavior by atransparent attitude. On the other hand, venal behaviors must remainconfidential to hide the corresponding lack of consistency. Thisdiscursive approach based on transparency and confidentiality helpsto further distinguish between ethical and unethical business behaviors.
Idioma:: English
Autor/Productor:: Le Menestrel, Marc
Otros colaboradores/productores:: Universitat Pompeu Fabra. Departament d'Economia i Empresa
Derechos:: L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons; info:eu-repo/semantics/openAccess; <a href="http://creativecommons.org/licenses/by-nc-nd/3.0/es/">http://creativecommons.org/licenses/by-nc-nd/3.0/es/</a>
Fecha:: 2005-09-15T23:26:19Z
Tipo de recurso:: info:eu-repo/semantics/workingPaper

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