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Title: Adam Smith on Management Ethics: Then and Now
Authors: Wagner-Tsukamoto, Sigmund
First Published: 2-Sep-2016
Presented at: British Academy of Management 2016 Conference (BAM2016), University of Newcastle, Newcastle
Start Date: 6-Sep-2016
End Date: 8-Sep-2016
Publisher: British Academy of Management (BAM)
Citation: Wagner-Tsukamoto, S.A. 'Adam Smith on Management Ethics: Then and Now', British Academy of Management 2016 Conference (BAM2016), University of Newcastle, Newcastle, 2016
Abstract: The paper concedes that Smith was as a pioneering contributor to debate on management ethics. The paper here traces management ethics in three regards: (1) managerial behaviour unintentionally yielding mutual gains outcomes for society; (2) law-following behaviour of managers reflecting intentional passive, ethical behaviour of manager; (3) managers creating ethical capital inside market exchange, this reflecting intentional active, ethical behaviour of managers. Smith relegated the latter from his program. In this respect I update Smith’s historic contribution to debate on management ethics, with a view to contemporary developments on many markets where we can witness management ethics inside market processes. Throughout the paper, I connect to economic theory, i.e. Smith’s Wealth of Nations but not behavioural ethical theory, which may see itself put in opposition to Smith from the outset. I view economic reconstruction and economic updates of Smith’s management ethics as essential to set out viable pathways for contemporary management ethics programs.
Version: Post-print
Status: Peer-reviewed
Type: Conference Paper
Rights: Copyright © The Authors, 2016. After an embargo period this will be an open-access article distributed under the terms of the Creative Commons Attribution-Non Commercial-No Derivatives License (, which permits use and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made.
Appears in Collections:Conference Papers & Presentations, School of Management

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