Ethics and Economics

[block_title title=”Ethics and Economics”][/block_title]

Prof. GIANNI TIBALDI
(University of Siena)

There are two points through which we may evaluate the ethics of corporate, market and business.

First, consider the traditional perspective of the application of ethical principles to the economic world. The economic world appears to be an area of reality where to apply general ethical principles as defined by religions or philosophies.Honesty, reliability, fairness, etc. represent some basic values that must be applied to corporate and business behaviour.

A second point considers instead corporates, markets and businesses—a specific world that originates and needs specific values.

The ethics of economics doesn’t only mean the application to the business and market behaviour of general ethical values,but also the definition and application of values specifically determined by the nature of the economic world.

The virtues and values intimately generated by the economic world are, in fact, the professional skills to manage corporates and business, the capacity of governance of economic bodies as complex and systemic organizations, effective attitudes to connect the success of business, enlargement of markets, growth of corporates with the sustainable development, civil society integration and promotion of human rights.

These values and virtues must be assured trough advanced training and permanent education that become, beyond its technical and operational dimension, a fundamental chapter of ethics