By Claus Dierksmeier

Reframing economic ethics cover
Editions:Hardcover: € 53.50
ISBN: 978-3-319-32299-5
ePub: € 39.99
ISBN: 978-3-319-32300-8

Reframing Economics Ethics

  • Supplements current education in economics and business in terms of the history of its paradigmatic and ethical ideas
  • Contributes in a timely manner to the on-going discussion on how to reform management education
  • Provides understanding of the differences between the major ethical schools of thought that contend with one another

"This book reconstructs major paradigms in the history of economic ethics up to, and including, the present day. Asserting that ethics should be integral rather than marginal to economics and management education, Reframing Economic Ethics highlights the need for a paradigm change from mechanistic to humanistic management, and argues that the failures of markets and managers in recent years were paved by a misguided management education. The author shows how the reader can and must learn from the history of economic thinking in order to overcome the theoretical shortcomings and the practical failings of the present system."

Publisher: Palgrave Macmillan
Reviews:Christian Felber on Huffington Post wrote:

"Together with other forces, such as the international initiative for pluralism in economics, these new insights are both solid and powerful enough to overcome the obsolete current mainstream paradigm of economics. I consider this slim but powerful book a must-read oeuvre for scholars of economic and business ethics, but it is equally enlightening for anyone searching for an economy that works for free and dignified humans and society as a whole on a healthy planet."

Daryl Koehn on Business Ethics Quarterly wrote:

"Although I find much to admire in Dierksmeier’s project, I have four reservations. The first problem I see concerns the incompatibility of the various ethical theories upon which he draws in making the case for humanistic management. [...] My second reservation centers on the issue of perspective. Unlike Aristotle, Dierksmeier thinks that we can have a political economy rooted in a just respect for the inalienable dignity of each individual and structured around norms that are grounded in reason. [...] Third, while I am immensely sympathetic to Dierksmeier’s basing his global ethic on procedural, rather than on substantive, norms (a direction I myself have explored in several books), the approach does raise the question of whether the procedural norms are doing that much of the ethical heavy lifting. [...] Finally, Dierksmeier’s approach works best at the managerial level. Indeed, Dierksmeier repeatedly refers to the ethic as one of humanistic management. However, it would be interesting to see what concrete guidance this ethic might offer us in a world in which white collar and blue collar jobs are disappearing at an accelerating rate due to automation."

Table of Contents

  • Introduction
  • The Mechanistic Paradigm
  • The Teleologic Paradigm
  • The Liberal Paradigm
  • Towards a Humanistic Paradigm?
  • Outlook