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 business improves lives

I have just returned from the world’s biggest gathering of business school academics who study management and organizations, the annual meeting of the Academy...

Three errors about business ethics

In an ideal world, everyone understands that long-term profitability in business requires acting morally (and what that moral action involves). However, that knowledge is...

Ethics of cannabis business?

As a non-user—and a free market advocate—I hadn’t paid much attention to Canada’s plan to legalize recreational marijuana. But now Bill C-45, which legalizes...

What do you gain by lying?

The short answer to the question is: nothing—and besides, you will lose a lot. I have written about honesty before, but a comment from...

Why businesspeople need moral principles

I recently received feedback from the students in my MBA business ethics course earlier this year. While a number of them were enthusiastic in...

Banks to stop financing fossil fuel development: Sound investment decisions vs. virtue signaling?

HSBC is the latest European bank (and Europe’s largest) to join the fight against climate change, announcing recently that it will no longer finance...

Should we boycott gun manufacturers?

Every time there is a mass shooting, such as at a Parkland, Florida high school recently, people want to do something tangible to prevent...

“Under capitalism, who would regulate us?”

"Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned.” –Ayn Rand To...

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...

The moral purpose of business: Larry Fink vs. T.J. Rodgers

Larry Fink, CEO of one of the largest investment management firms in the world, BlackRock, has sent a letter to all S&P 500 CEOs,...

Are there right answers in ethics?

Ethics education is blossoming in business schools (see a Financial Post article). Yet, the scandals don’t seem to go away: corruption at Canadian construction...