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 […]
Black cards? That deserves a red card!
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. […]
Innovation and Sustainability: Ethics and Efficiency
Philips announced a few months ago that sales of “green products” accounted for 51% of its total revenue last year. Similarly, the Siemens environmental portfolio brought in 43%, while General Electric reported that 19% of the group’s earnings came from “clean energy.” It is a good sign that the ratio of green products is on the […]