How capitalism helps everyone flourish

In my business ethics course we always discuss the social context of business, particularly the implications of different social systems: the prevailing mixed economy,...

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...

Virtuous egoism

You have heard this before: you are either good, or you are selfish. For the majority of people, virtuous egoism is an oxymoron: they...

Why business requires moral clarity and courage

Why would a practical endeavor such as business—creating wealth through production and trade of goods and services—require moral clarity and courage, you may ask....

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...

Why isn’t there more rational selfishness?

I am teaching business ethics to a class of MBA students. The course covers the main alternative moral codes: altruism—the most widely adopted code...

Objecting to the ‘season of giving’ by Peter Schwartz

Peter Schwartz has written an excellent, timely op-ed article in the Washington Post, with which  I wholeheartedly agree. Please see it here.

Giving is not a duty

At this time of the year, many of us are giving presents out of benevolence, goodwill, appreciation, and love—I hope. Gifts are a means...

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...

Moral = practical

Recently I heard a colleague tell someone: “Everyone—except the naïve idealists—knows that one cannot be 100% moral in business; success in business requires compromising...

Altruism is not a guide for living—or for business

Most of us pursue self-interest every day: we eat nutritious food, engage in productive work (to have a purpose and to make a living),...

Persistent egoism: Why pursue self-interest?

Many people balk at the idea of ‘persistent egoism’ that I addressed in a recent post. They do so because they have absorbed the...