Transparency International annually publishes its Corruption Perception Index. It includes a range of countries, from the least corrupt to those with the most widespread corruption. There are too many countries with a low grade. Why is it that in some countries not only the perception, but actual cases are on the rise? I believe there…

The article, “Corporatism, not capitalism is to blame for inequality,” by Edmund Phelps, the 2006 Nobel in Economics, appeared in the July 24, 2014 Financial Times. For Phelps, the term corporatism refers to the values of an egalitarian, progressive society that at the same time encumbers innovation. He discussed his views on corporatism in an…

Spain was rocked last week by another ethics scandal: the use of black credit cards by the top management of the Spanish bank Caja Madrid-Bankia. (Please note: business ethics is not only about scandals; it also focuses on preserving a solid culture within business organizations and markets in order for them serve the common good.…