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 ...
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.
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.
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.
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 ...
For premium support please call: 800-290-4726 more ways to reach us more ways to reach us
Friedman introduced the theory in a 1970 essay for The New York Times titled "A Friedman Doctrine: The Social Responsibility of Business is to Increase Its Profits". [2] In it, he argued that a company has no social responsibility to the public or society; its only responsibility is to its shareholders. [2]
At issue are the source, forms and determinants of the magnitude of surplus-value [3] and Marx tries to explain how after failing to solve basic contradictions in its labour theories of value the classical school of political economy eventually broke up, leaving only "vulgar political economy" which no longer tried to provide a consistent ...