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Virtue as Competence in the Entrepreneurial Society

Author

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  • Karlson, Nils

    (The Ratio institute)

  • Fergin, Elina

    (The Ratio institute)

Abstract

This paper analyses the relationship between competence and virtue. We argue that virtues should be regarded as a kind of competencies, which are essential in an entrepreneurial society, both for individual development and for the sustainability of such a society. Such competencies, or virtues, are essential not only for entrepreneurial success, but they may also be regarded as the informal norms, the rules of fair conduct, necessary to uphold an open market system. Moreover, to a certain degree virtues are learnt through the practice of entrepreneurship. Due to their importance, though, this may not be enough. Formal education should be complemented with situated learning, reflection and dialogue on moral and ethical issues, particularly in the context of management and entrepreneurial praxis.

Suggested Citation

  • Karlson, Nils & Fergin, Elina, 2014. "Virtue as Competence in the Entrepreneurial Society," Ratio Working Papers 250, The Ratio Institute.
    • Handle: RePEc:hhs:ratioi:0250
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    References listed on IDEAS

    as
    1. Niclas Berggren & Henrik Jordahl, 2006. "Free to Trust: Economic Freedom and Social Capital," Kyklos, Wiley Blackwell, vol. 59(2), pages 141-169, May.
    2. David Audretsch, 2009. "The entrepreneurial society," The Journal of Technology Transfer, Springer, vol. 34(3), pages 245-254, June.
    3. McCloskey, Deirdre Nansen, 2006. "The Bourgeois Virtues," University of Chicago Press Economics Books, University of Chicago Press, number 9780226556635, September.
    4. James J. Heckman & Jora Stixrud & Sergio Urzua, 2006. "The Effects of Cognitive and Noncognitive Abilities on Labor Market Outcomes and Social Behavior," Journal of Labor Economics, University of Chicago Press, vol. 24(3), pages 411-482, July.
    5. Galston, William A., 1988. "Liberal Virtues," American Political Science Review, Cambridge University Press, vol. 82(4), pages 1277-1290, December.
    6. Rosendahl Huber, Laura & Sloof, Randolph & van Praag, Mirjam C., 2012. "The Effect of Early Entrepreneurship Education: Evidence from a Randomized Field Experiment," IZA Discussion Papers 6512, Institute of Labor Economics (IZA).
    7. Pedro Carneiro & Claire Crawford & Alissa Goodman, 2007. "The Impact of Early Cognitive and Non-Cognitive Skills on Later Outcomes," CEE Discussion Papers 0092, Centre for the Economics of Education, LSE.
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    Cited by:

    1. Irawan Nurhas & Stefan Geisler & Jan Pawlowski, 2022. "An intergenerational competency framework: Competencies for knowledge sustainability and start‐up development in the digital age," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(6), pages 1733-1748, December.

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    More about this item

    Keywords

    entrepreneurship; competence; skills; business ethics; education;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • I29 - Health, Education, and Welfare - - Education - - - Other
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M53 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Training

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