Please use this identifier to cite or link to this item:
Title: Economics, Management Ethics, and Business History: Adam Smith – Then and Now
Authors: Wagner-Tsukamoto, Sigmund
First Published: 31-Aug-2017
Citation: Interdisciplinary Journal of Economics and Business Law, 2017, pp. 1-41 (41)
Abstract: The paper interrelates economics, business history research and management ethics. It analyses Smith as a pioneering economic contributor to debate on management ethics. It does so in three regards: regarding unintentional ethical agency of managers that yields public good outcomes for society; regarding passive intentional ethical agency that reflects law-following of managers; and regarding active ethical agency of managers inside capital exchange processes. Smith seemed to have 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 the market process. 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 routes for contemporary management ethics programs. On this basis, the paper suggests a solution to Goodpaster's stakeholder paradox.
ISSN: 2047-8747
eISSN: 2047-8755
Embargo on file until: 1-Jan-10000
Version: Post-print
Status: Peer-reviewed
Type: Journal Article
Rights: Copyright © 2017 All rights reserved.
Description: The file associated with this record is under a permanent embargo in accordance with the publisher's policy. The full text may be available through the publisher links provided above.
Appears in Collections:Published Articles, School of Management

Files in This Item:
File Description SizeFormat 
IJEBL 24-07-2017 adam smith SAWT-IRIS.pdfPost-review (final submitted author manuscript)747.98 kBAdobe PDFView/Open

Items in LRA are protected by copyright, with all rights reserved, unless otherwise indicated.