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....

Can you get something for nothing?

I was recently at a small garden center adjacent to a large chain store, getting supplies for spring gardening. I thought of checking the...

Profit maximization as moral purpose: Channeling Milton Friedman

To many, profit maximization seems cold, heartless, even exploitative. They consider business immoral and the profit-seeking corporate model to be in need of reform....

The Pope is wrong: Employment is not exploitation

Recently, during a mass at the Vatican, Pope Francis condemned wealthy employers for paying their workers low wages and accused them of “exploitation”. (Thank...

Reason to cheer: The top 25 hedge fund managers earn more than all kindergarten...

President Obama, the Chief Inequality Fighter of the United States, in a recent address at Georgetown University discussed poverty and brought up yet another...

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...

Focus on progress: We live in the best of times

While often criticizing government for curtailing our freedom instead of protecting it and businesspeople (or others) for failing to act ethically, I want to...

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...

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...

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,...

Why are businesses not gearing up for the post-carbon economy?

Governments’ are making great efforts—such as banning oil pipelines and subsidizing unprofitable “green” technologies to avert man-made climate change—to help businesses move to the...

What is business ethics for?

A new semester, and a new class of business ethics, has begun. In my class, we initially discuss concrete examples of ethical dilemmas in...