This paper discusses the so-called commercial approach to microfinance under economic and ethical aspects. It first shows how microfinance has developed from a purely welfare-oriented activity to a commercially relevant line of banking business. The background of this stunning success is the...

This article applies the concept of prudence to develop the characteristics of responsible risk modeling practices in the insurance industry. A critical evaluation of the risk modeling process suggests that ethical judgments are emergent rather than static, vague rather than clear, particular...

For much economics research, ethics committee approval is not required. This is seen by some as indicating that there are no ethical issues in economics research. However, ethical research requires more than simply meeting regulatory requirements. If economics research has an impact on...

God gave Moses the Decalogue (The Ten Commandments) in the Sinai or Horep (Exodus 20:1-17; Leviticus 19; Deuteronomy 5:6-21) and salvation to all before Jesus. Jesus summarized the Decalogue into two (Matthew 21:34-40, Mark 12:28-31 and Luke 10:25-37). St. Augustine of Hippo based on the Decalogue...

The publishing conduct of scientists is increasingly becoming the object of science-based ethical considerations. Studies have shown that questionable publishing conduct is not a rare phenomenon in this area. National and international scientific organisations are making recommendations about...

This article presents a new method of teaching ethics in economics based on recent developments in game theory. Economics traditionally divides normative questions from positive questions, and relies only on the Pareto principle to distinguish good actions and policies from bad ones in answering...

Nothing is more common in moral debates than to invoke the names of great thinkers from the past. Business ethics is no exception. Yet insofar as business ethicists have tended to simply mine abstract formulas from the past, they have missed out on the potential intellectual gains in...

The awareness on issues relating to business ethics in Corporate Social Responsibility (CSR), Good Corporate Governance (GCG) and Environmental Social Governance (ESG) has significantly increased in the last decade in the academic and professional fields. As a consequence, a large number of...

We theoretically and experimentally study the influence of producers' honesty on consumers' purchasing decisions. In a competitive market, producers can save wage costs by lying to their workers. Our treatments vary consumers' observability of within-firm honesty. We show that when producers'...

In this article, the author introduces the leadership approach known as “leaderful practice,” an alternative to the traditional trait-based approach of individual leadership. Leaderful practice is shown to sustain an ethical infrastructure based on democratic principles. It is democracy not...