Does Business Ethics Make Economic Sense?

  • Amartya Sen
Part of the Issues in Business Ethics book series (IBET, volume 4)


I begin not with the need for business ethics, but at the other end—the idea many people have that there is no need for such ethics. That conviction is quite widespread among practitioners of economics, though it is more often taken for granted implicitly rather than asserted explicitly. We must understand better what the conviction rests on and why it may be mistaken.


Business Ethic Public Good Profit Maximization Moral Sentiment Economic Sense 
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    On this and related matters, see my On Ethics and Economics (Oxford: Blackwell, 1987); Patricia H. Werhane, Adam Smith and His Legacy for Modern Capitalism (New York: Oxford University Press, 1991); Emma Rothschild, “Adam Smith and Conservative Economics,” Economic History Review,1992 (forthcoming).Google Scholar
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    On this see Jean Drèze and Amartya Sen, Hunger and Public Action ( Oxford: Clarendon Press, 1989 ).Google Scholar
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© Springer Science+Business Media New York 1993

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  • Amartya Sen

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