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Locating Responsibility – An Extended Transaction Cost Approach

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  • Kolmar, Martin
  • Beschorner, Thomas

Abstract

Most debates in ethics, business ethics, and normative economics start with an (often implicit) exogenous premise that the level of normative responsibility is assigned to either individuals (theories of morality) or a certain “layer” of institutions like the state (theories of justice) or a corporation (theories of business ethics). We argue that this approach is too limited to allow for comprehensive view on the relationship between individual, organizational, and institutional responsibility and develop an approach that takes the assignment of normative responsibility as an integral part of an ethical theory. This approach is based on transaction-costs as the basic explanatory concept.

Suggested Citation

  • Kolmar, Martin & Beschorner, Thomas, 2016. "Locating Responsibility – An Extended Transaction Cost Approach," Zeitschrift für Wirtschafts- und Unternehmensethik - Journal for Business, Economics & Ethics, Rainer Hampp Verlag, vol. 17(1), pages 118-147.
    • Handle: RePEc:rai:ethics:doi:10.1688/zfwu-2016-01-kolmar
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    More about this item

    Keywords

    Business Ethics; Institutional Economics; Transaction Costs;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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