In the field of business ethics, Adam Smith has generally been viewed with a measure of suspicion. Smith's famous invocation of the invisible hand - according to which self-interest promotes the greater good - has generally been seen as a fundamental challenge to a discipline committed to the...

Welfare economics—the normative branch of economics—is a consequentialist moral theory. Unlike deontological morality, at least in its basic form it attributes no intrinsic value to prohibitions on active or intentional harming of other people, lying, or promise breaking, and does not allow...

The purpose of this essay is to review the state of economics as a discipline in light of how and to what extent ethical considerations and the precepts of moral philosophy affect the theory and application of economics. In its pursuit for purely ‘objective’ analyses and, thereby, attain the...

Economic analysis of law is a powerful analytical methodology. However, as a purely consequentialist approach, which determines the desirability of acts and rules solely by assessing the goodness of their outcomes, standard cost-benefit analysis (CBA) is normatively objectionable. Thus, for...

Economic analysis of law is a powerful analytical methodology. At the same time, as a purely consequentialist approach, which determines the desirability of acts and rules solely by assessing the goodness of their outcomes, standard cost-benefit analysis (CBA) is normatively objectionable. This...

A number of studies have examined the relationship between tax collection and various demographic variables. However, until recently most of those studies have involved a United States sample population. The U.S. Internal Revenue Service provides demographic data for researchers on a regular...

Die ökonomische Theorie hat mit Moral wenig oder gar nichts zu tun. In den gängigen Lehrbüchern der Mikroökonomie findet sich in den Stichwortverzeichnissen kein Eintrag zu Moral oder Ethik. Die Studierenden lernen über die Wirtschaft nachzudenken, aber sie lernen dabei nicht, systematisch...

Dieser Aufsatz will von Seiten einer ordonomischen Wirtschafts- und Unternehmensethik zu einer interdisziplinären Verständigung zwischen Juristen und Ökonomen beitragen. Seine zentrale These besteht darin, dass Korruption als ein Ordnungsproblem aufzufassen ist, dessen Lösung einer...

Dieser Beitrag wendet sich an Lehrer und ist daher primär didaktisch orientiert. Das Ziel besteht darin, einige Kernüberlegungen aus dem Forschungsprogramm einer „ökonomischen Theorie der Moral“ so vorzustellen, dass sie für den Schulunterricht adaptiert werden können. Mit Hilfe des...