Search results
Results from the WOW.Com Content Network
The scientific theory merely made explicit what they were implicitly assuming for the purpose of doing business. [ 141 ] The economists assumed all sorts of things about an economy and economic actors, in order to build models of price behaviour; Marx thought those assumptions themselves needed to be looked at and theorised consistently, based ...
Marx's term is the German word "Mehrwert", which simply means value added (sales revenue minus the cost of materials used up), and is cognate to English "more worth". It is a major concept in Karl Marx's critique of political economy. Conventionally, value-added is equal to the sum of gross wage income and gross profit income.
1992 Ethics and Agency Theory, Co-editor with R. Edward Freeman, Oxford University Press 1994 University-Business Partnerships: An Assessment, Rowman and Littlefield. An article based on Chapter 5, "The Clash Between Academic Values and Business Values," appeared in Business & Professional Ethics Journal, Vol. XII, 1993, pp.3–19
In value theory, the study of ethical value includes the use of other disciplines, such as: anthropology, behavioral economics, business ethics, corporate governance, moral philosophy, political sciences, social psychology, sociology and theology.
Economic ethics is the combination of economics and ethics, incorporating both disciplines to predict, analyze, and model economic phenomena. It can be summarised as the theoretical ethical prerequisites and foundations of economic systems.
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper.
Stakeholder theory is a theory of organizational management and business ethics that addresses morals and values in managing an organization. It was originally detailed by Freeman in the book Strategic Management: a Stakeholder Approach, and identifies and models the groups which are stakeholders of a corporation, and both describes and recommends methods by which management can give due ...
Axiological ethics is a subfield of ethics examining the nature and role of values from a moral perspective, with particular interest in determining which ends are worth pursuing. [ 115 ] The ethical theory of consequentialism combines the perspectives of ethics and value theory, asserting that the rightness of an action depends on the value of ...