The Importance of Justice for Business Management: Adam Smith's Legacy for the Market Economy

• Autorzy: Sonny Keraf
• Języki publikacji: EN

Abstrakty

EN

From a Smithian point of view, it can be argued that managing a good business presupposes a just legal-political framework. The point is that managing a business ethically or morally requires not only morals itself, but also just laws and a just administration of these laws that supports good management. Practices such as monopoly, collusion, nepotism and bribery ensure that it is hardly possible to expect people to conduct business ethically in such a situation. When there are no laws prohibiting such practices, or when laws prohibiting them are not taken seriously, good management is out of the question. When nearly everyone can conduct business by means of monopoly, manipulation and bribery without being prosecuted by the government, no one else will take seriously the requirement of doing business ethically. (fragment of text)

Słowa kluczowe

EN

Justice; Market economy; Market economy model; Business practices

PL

Sprawiedliwość; Gospodarka rynkowa; Model gospodarki rynkowej; Praktyki biznesowe

• Czasopismo: Przegląd Prawno-Ekonomiczny
• Rocznik: 2016
• Numer: nr 34
• Strony: 117--132

Twórcy

autor

Sonny Keraf

• University of Indonesia

Bibliografia

• Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, ed. Edwin Cannan (New York: The Modern Library, 1985).
• Adam Smith, The Theory of Moral Sentiments, ed. D. D. Raphael & A. L. Macfie (Indianapolis: Liberty Classics, 1982).
• Robert Boyden Lamb, Property, Market and the State in Adam Smith's System (New York: Garland, 1987).
• Adam Smith, Lectures on Jurisprudence, ed. R. L. Meek, D. D. Raphael & G. P. Stein (Oxford: Clarendon Press, 1978).
• Campbell, Adam Smith's Science of Morals (London: George Allen & Unwin, 1971).
• Richard T. De George, Competing with Integrity in International Business (New York: Oxford University Press, 1993).