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Formalization of ethics : the issue of standardization

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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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    Keywords

    Economic ethics; ethical standards; industrial economics; industrial policy.;

    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 - Economic Systems - - Capitalist Systems - - - Capitalist Enterprises

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