Why should businesses be moral? A Neo-Aristotelian approach
Abstract
The author argues in favor of a neo-Aristotelian approach. According to this approach, theses such as that of Milton Friedman, namely that “the only responsibility of a business is to maximize its profits” are rather naïve and tautological. They assume that economic activity is an abstract and a-social process, leaving aside all human relationships that are developed and involved in the production and distribution of goods and services. A business is not only an economic machine; it is primarily a social institution which purposefully produces wealth and many other unintended externalities. Business operates within a social - value system but also creates such a system through its activity as a collective entity. These values constitute the character of a business which must be seen as quite different from the mere existence of a business culture. Developing vectorial relationships with its customers and other stakeholders, a business cannot but act morally. Ultimately, business ethics must be seen as the way in which a corporation orders its collective life.
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Τσούκας Χ. Κ. (2015). Why should businesses be moral? A Neo-Aristotelian approach. Science and Society: Journal of Political and Moral Theory, 19, 85–101. https://doi.org/10.12681/sas.657
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