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...

Moral virtues of business success: Lessons from Madoff

Earlier this year, the infamous pyramid investment king Bernie Madoff was testifying in court, in conjunction with a lawsuit that seeks to get his...

Beneficiaries vs. “victims” of capitalism?

I recently did an interesting tour of the Carrie Furnaces, a national historic site of a former iron mill near Pittsburgh. Our guide who,...

Business leaders’ appeasement on climate change: What can they do?

President Trump withdrew the United States from the 2015 Paris climate accord, receiving prompt condemnation from environmentalists, media, heads of other governments—and business leaders....

“The same for everyone”

“The same for everyone”“The same for everyone” are  installations of illuminated text by the Scottish artist Nathan Coley, erected on scaffolding around Aarhus, Denmark...

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,...

Which is more important: Creating wealth or “giving back”?

Last week I attended an awards gala called “Rising Stars.” It was organized by Canada’s Oilweek magazine to recognize up-and-coming leaders in the oil...

Why wealth creation (and private property and property rights) is good for the planet

In my previous post, I was writing about the first UN World Happiness Report and how it pits wealth creation—and wealth—against happiness. I promised...

Another fallacy about capitalism: Coercive monopolies

I recently attended a talk about innovation by a well-known former CEO of a successful Canadian company. His remarks were mostly sensible at first:...

Why do we fear capitalism?

My MBA students have been discussing alternative social systems as context of business in my business ethics class. While most see the value of...

Bill Gates, Justin Trudeau, and the misguided inequality crusade

Bill Gates, the co-founder of Microsoft and a strong technology advocate, and Justin Trudeau, prime minister of Canada and a former high school teacher,...

Kudos to tech companies for opposing Trump’s irrational travel ban

Kudos to tech companies—Apple, Google, Microsoft, Facebook, and others—for opposing president Trump’s 90-day ban on travelers to the United States from the seven Muslim-majority...