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Formalization of ethics: the issue of standardization

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Abstract

Beyond the presupposed cleavage between economics and ethics, the institutional dimension of economic ethics is to the emphasized. The question is: how can we define collective legal rules which concern the whole society? The other great issue of ethics formalization is then the implementation on the level of firms. The firm can use a large scope of instruments in order to formalize economic ethics. The asset of ethical standards is that they represent a specific way of coordination. They bring positive effects such as the fall of coordination cost and the reduction of uncertainty. Ethical standards can be regarded as a way to get information. They are also a way to formalize a "common morality", or even an universal morality in a Kantian conception. The central issue, regarding ethical standards, remains its origin and its construction

Suggested Citation

  • Juliette Arnal, 2005. "Formalization of ethics: the issue of standardization," Cahiers de la Maison des Sciences Economiques r05074, Université Panthéon-Sorbonne (Paris 1).
    • Handle: RePEc:mse:wpsorb:r05074
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    File URL: https://halshs.archives-ouvertes.fr/halshs-00196424
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    1. > Economics Profession > Ethics in Economics

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    1. Anna Lašáková & Anna Remišová & Ľubica Bajzíková, 2021. "Differences in Occurrence of Unethical Business Practices in a Post-Transitional Country in the CEE Region: The Case of Slovakia," Sustainability, MDPI, vol. 13(6), pages 1-33, March.

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    More about this item

    Keywords

    Economic ethics; ethical standards; industrial economics; industrial policy;
    All these keywords.

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L59 - Industrial Organization - - Regulation and Industrial Policy - - - Other
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • P12 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Enterprises

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