In the context of Information and Communication Technology (ICT) for development (ICT4D) the capability approach raises questions about the best way to generate human development outcomes through governments' implementation of ICT, encompassing specific demands of the people. Considering that...

The Capability Approach envisages a human-centred idea of development instead of an income-based idea of development. Economic development is only one of the components in human capability development. Economic development by itself cannot ensure capability promotion amongst individuals,...

Purpose – Economics was closely entwined with ethics up to the 1930s when this weakened subsequently. Amartya Sen first sketched this historical relationship in his book, On Ethics and Economics . This paper is in broad agreement with Sen. It aims to explore the ethical foundations of...

Purpose The purpose of this paper is to examine the level of cardinal welfare based on Sen’s index using both Pareto and non-Pareto states besides evaluating the effective factors on the welfare changes according to a fuzzy least-squares regression model. Design/methodology/approach The social...

Purpose The purpose of this paper is to examine the relationship between Amartya Sen’s notion of adaptation and his views on identity politics by focussing on the issue of slavery and, more specifically, on the example of the happy or contented slave. Design/methodology/approach The paper is...

Abstract Proponents of liberal economic policies in the financial market often refer to the moral and economic authority of Adam Smith, the founder of economics as a science, to add weight to their recommendations. They think, they can do so, because Adam Smith is in these circles considered a...

A close reading of Adam Smith’s works, “An Inquiry into the Nature and Causes of Wealth of Nations” and “The Theory of Moral Sentiments,” indicates that he would not support the advocacy of free markets wholeheartedly. His view on market systems, although “free,” implies strong...

Purpose The purpose of this paper is to philosophically address the issue of managerial opportunism and to describe the paradox of the opportunistic executive, particularly when the CEO could be considered as a “criminal-to-be”. Design/methodology/approach It will be seen to what extent...

Purpose – The purpose of this paper is to review approaches to Authentic Leadership and Mindfulness and to Global Competencies from the Buddhist perspective of Leadership Rajadhamma. It considers the parallel approach of Adam Smith's Moral Leadership. Design/methodology/approach – The...

Purpose – This paper aims to present the salient features of Smith's argument of the falling rate of profit. This theory has usually been interpreted as a result of the intensification of competition in the markets of goods and services of the factors of production. This aspect of Adam Smith...