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  1. Putting ethics and economic rationality together: an Aristotelian and philosophical approach.Regina Maria da Cruz Queiroz - 2014 - Business Ethics: A European Review 24 (3):332-346.
    The gap between economic rationality, as embedded in utility maximization, and ethical rationality, identified with a set of rules that prescribe the right course of action, has been a challenging issue for economists, philosophers, and business ethicists. Despite the difference and the noncompetition between a scientific economic approach of economics and business ethics, and a behavioral and philosophical one, we highlight the importance of the Aristotelian concept of prudence or phronesis applied to business activity. Phronesis allows for a conceptualization of (...)
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  • Rationality in Management Theory and Practice: An Aristotelian Perspective.Edwin M. Hartman - 2015 - Philosophy of Management 14 (1):5-16.
    Behaviorism is consistent with the assumptions of perfect competition, with the homo economicus model, and with a form of ethics that enshrines market-based notions of utility, justice, and rights and encourages rational maximizing. Economics and business courses foster this deficient form of ethics, assuming an overriding desire for money, which, according to MacIntyre and Aristotle, crowds out the associative virtues. These beliefs, often associated with Taylor and Friedman, lead to such practices as incentive compensation, which would be effective only if (...)
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  • Political Wisdom in Management and Corporate Governance.Ricardo Calleja & Domènec Melé - 2016 - Philosophy of Management 15 (2):99-119.
    In response to conventional rationalistic approaches to management and corporate governance, the Aristotelian tradition is emerging as a basis for alternative theories in which practical wisdom is central. This paper, following Aristotle and Thomas Aquinas, considers the specificity of “political wisdom” -directed to the common good- as being different from individual practical wisdom. We suggest that the business firm is a “political community”, understood as a whole formed by free and intelligent individuals called to cooperate for common goals and to (...)
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