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The ordonomic approach to business ethics

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  • Pies, Ingo

Abstract

'Ordonomics' is a research program that has been developed at the Chair of Economic Ethics at Martin Luther University Halle-Wittenberg. It holds that business actors (persons and organizations) can employ morality as a 'factor of production', and that business ethics can be based on a specific rational-choice analysis that is fully in line with the established tradition of economic thinking. With regard to practice, the main point is that ordonomics offers a guiding concept for creating win-win solutions that help business firms to do well by doing good. With regard to theory, ordonomics offers a conceptual framework for business ethics that makes ethics and economics coherent and mutually compatible with each other.

Suggested Citation

  • Pies, Ingo, 2017. "The ordonomic approach to business ethics," Discussion Papers 2017-05, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    • Handle: RePEc:zbw:mlucee:201705
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    Cited by:

    1. Pies, Ingo, 2017. "Die Rehabilitierung kommunitarischer Tugendethik in der ökonomischen Theorie: Eine ordonomische Argumentationsskizze," Discussion Papers 2017-14, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    2. Pies, Ingo, 2017. "Wider die Narreteien des Augenscheins: Wie lange noch wollen wir die junge Generation mit elaborierter Halbbildung abspeisen?," Discussion Papers 2017-10, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.

    More about this item

    Keywords

    ordonomics; business ethics; corporate social responsibility; corporate citi-zenship; rational choice; social dilemma; governance;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • 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
    • Y80 - Miscellaneous Categories - - Related Disciplines - - - Related Disciplines

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