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Scaling the Corporate World

nd exact an economic cost as great as the human cost that market failures exact.

Issues of corporate behavior in the marketplace are preparatory to several detailed examinations of human behavior in a corporate and market context. Sen lays the foundation here, discussing the ratio of behavior vis-a-vis duties and consequences in the business-and-finance environment. Citing Greek, biblical, Indian, and classical-economics treatments of ethics vis-a-vis business behavior, Sen notes that commentary sights the limits of finance (i.e., the cost of money itself) where the larger issue of social responsibility is concerned, and that even Aristotle, whose remarks about usury have often been misinterpreted as wholesale condemnation of moneylending (p. 65), can be read as an acknowledgment that financiers are entitled to reasonable compensation for their trouble. To put it another way, the beneficiaries of finance incur a fiduciary duty that, if not incurred, could have dire societal consequences. It is an elaboration of commonsense morality as applied to the b

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Scaling the Corporate World. (1969, December 31). In LotsofEssays.com. Retrieved 11:28, May 18, 2024, from https://www.lotsofessays.com/viewpaper/1712135.html