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Ethics as Part of a New Regulation Scheme - Global Trends and European Specificities

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  • Bernard Perret

Abstract

This paper analyses the development of economic and business ethics as an element of a new regulation scheme of the capitalist economy. It is argued that a more formal recourse to ethical justifications is becoming more indispensable due to a lesser relevance and/or efficiency of other mechanisms of social ‘embeddedness’ of the economic system. The paper will then also analyse the specific influence of the European process on this evolution, showing that the constitutive logic of this process tends to promote individualistic values and procedural norms.

Suggested Citation

  • Bernard Perret, 2008. "Ethics as Part of a New Regulation Scheme - Global Trends and European Specificities," Zeitschrift für Wirtschafts- und Unternehmensethik - Journal for Business, Economics & Ethics, Rainer Hampp Verlag, vol. 9(1), pages 58-68.
  • Handle: RePEc:rai:ethics:doi_10.1688/1862-0043_zfwu_2008_01_perret
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    Keywords

    Regulation; Embeddedness; Economic Change; European Unification Process;

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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