Why every business student needs to learn about rational ethics

We all need ethics, a set of moral principles, to guide our choices and actions. Since we have no automatic knowledge of the right...

How mistaken moral views explain bad economics

Morality poses the question: For what purpose should I live and how? Economics studies how to organize production and trade of goods and services...

Profit maximization is moral!

In the last class of my MBA business ethics course, a student commented that while he agreed that businesses must pursue profits to survive,...

Key to effective management: Objectivity

Management is commonly defined as the process of accomplishing common goals by working through or with people. According to Chester Barnard, American businessman and...

Businesses make the world a better place

Hollywood has a long history of businessman movie villains, from Mr. Potter in ‘It’s a wonderful world’ to ‘Wall Street’s’ Gordon Gekko and Lord...

Why business and force don’t mix

My recent post on the Pope’s misguided accusation of business for exploiting workers has received some reactions that indicate a misunderstanding of the role...

Why business people should be honest

In my years of teaching ethics to business students, I must have heard it all when it comes to justifying deception and lying in...

Does acting morally cost you?

I recently overheard on the radio  someone claim, discussing business ethics : “But of course, acting morally will cost you.” It gave me a...

Moral choices in business: altruism, cynical exploitation, or rational egoism?

Having recently concluded teaching an MBA business ethics course, I received unusual feedback from a student. He liked the course but told me that...

Why we should be selfish

I am teaching a business ethics course to MBA students where we cover the main moral codes, such as altruism (the morality of self-sacrifice)...

The secret to long-term profitability: Moral principles

As every business owner knows, starting and operating a business successfully requires continual decision making: What type of business to choose and why? Where...

What I learned from my business ethics students: The appeal of altruism

I taught two business ethics courses this fall: one to undergraduate business students, and the other to an Executive MBA class. It was a...