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Ethics and the Future of Capitalism : Praxiology - Wojciech W. Gasparski

Ethics and the Future of Capitalism


Hardcover Published: 28th February 2002
ISBN: 9780765801203
Number Of Pages: 172

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With the collapse of communism and the accelerated trend of globalization, a new stage of capitalism has arrived. Protest actions that occurred in Seattle and Washington as well as in Prague and Genoa, clearly show that the legitimacy of capitalism is being questioned in many respects. Surveys in Eastern and Central Europe show that a considerable part of the population is not able to accept capitalism as an economic system. This volume assesses the ethical basis of capitalism in an effort to assess its future in the twenty-first century.

Contributors range from one of the world's most successful capitalists and philanthropists to the founder of Insead, Europe's leading business school, to noted economists, philosophers, cultural historians, and business ethicists. Chapter 1, "Against Market Fundamentalism: 'The Capitalist Threat' Reconsidered, " by George Soros, Olivier Giscard d'Estaing and others, is the edited and extended version of the public debate with Soros on his influential paper "The Capitalist Threat." Chapter 2, "Ethics of Capitalism, " by Peter Koslowski, follows the thesis that capitalism constitutes a necessary component of a free society. Chapter 3, "Misunderstood and Abused Liberalism, " by Lubomir Mlcoch, focuses on the problems of Czech-style capitalism. Chapter 4, "Humanizing the Economy" by Stefano Zamagni, investigates the role of civil society in relation to the market and the state. Chapter 5, "The Possibility of Stakeholder Capitalism, " by Edward R. Freeman, argues that stakeholder relationships are a key to understanding the functioning of business in today's world. Chapter 6, "Effectiveness, Efficiency, and Ethicality in Business and Management, " by WojciechW. Gasparski, introduces the praxiology tradition in the debate about ethical aspects of capitalism. Chapter 7, "Responsibility and Profit Making, " by Laszlo Zsolnai, explores the conditions for ethical and social acceptability of profit making.

Collectively, this volume addresses the ethical problems of the capitalist economy with special reference to globalization, and suggests that business ethics and the future of capitalism are strongly connected. It will be of particular interest to business people, economists, policy makers, social scientists and students of philosophy and ethics.

Editorialp. 7
Prefacep. 13
Introductionp. 17
Against Market Fundamentalism: "The Capitalist Threat" Reconsideredp. 23
Ethics of Capitalismp. 43
Misunderstood and Abused Liberalismp. 69
Humanizing the Economy: On the Relationship between the Ethics of Human Rights and Economic Discoursep. 89
The Possibility of Stakeholder Capitalismp. 111
Effectiveness, Efficiency, and Ethicality in Business and Managementp. 117
Responsibility and Profit Makingp. 137
Referencesp. 153
About the Contributorsp. 165
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780765801203
ISBN-10: 0765801205
Series: Praxiology
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 172
Published: 28th February 2002
Publisher: Taylor & Francis Inc
Country of Publication: GB
Dimensions (cm): 23.5 x 15.88  x 1.91
Weight (kg): 0.41