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The role of corporate citizens in fighting poverty: An ordonomic approach to global justice

Author

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  • Pies, Ingo
  • Hielscher, Stefan

Abstract

Drawing on an ordonomic approach, this paper argues that a theory of global justice should incorporate as a pivotal cornerstone a theory of corporate citizenship which constructively addresses business firms as agents of social value creation. We argue that, instead of relying exclusively on arguments of obligation, a theory of global justice should primarily formulate arguments of prudence in order to live up to the fundamental incentive structures that govern modern competitive markets to which we owe much of our last two centuries' moral and material progress. We develop our argument with critical reference to Thomas Pogge's seminal work on global justice.

Suggested Citation

  • Pies, Ingo & Hielscher, Stefan, 2008. "The role of corporate citizens in fighting poverty: An ordonomic approach to global justice," Discussion Papers 2008-10, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    • Handle: RePEc:zbw:mlucee:200810
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    References listed on IDEAS

    as
    1. Pies, Ingo, 2007. "Theoretische Grundlagen demokratischer Wirtschafts- und Gesellschaftspolitik - Der Beitrag von Thomas Schelling," Discussion Papers 2007-2, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    2. Arthur T. Denzau & Douglass C. North, 1994. "Shared Mental Models: Ideologies and Institutions," Kyklos, Wiley Blackwell, vol. 47(1), pages 3-31, February.
    3. North, Douglass C. & Wallis, John Joseph & Webb, Steven B. & Weingast, Barry R., 2007. "Limited access orders in the developing world :a new approach to the problems of development," Policy Research Working Paper Series 4359, The World Bank.
    4. Douglass C. North & John Joseph Wallis & Barry R. Weingast, 2006. "A Conceptual Framework for Interpreting Recorded Human History," NBER Working Papers 12795, National Bureau of Economic Research, Inc.
    5. Gregory Clark, 2007. "Introduction to A Farewell to Alms: A Brief Economic History of the World," Introductory Chapters, in: A Farewell to Alms: A Brief Economic History of the World, Princeton University Press.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Global justice; development cooperation; development ethics; foreign aid; poverty reduction; ordonomics; social dilemma;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F35 - International Economics - - International Finance - - - Foreign Aid
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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