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 […]
Smart Ways to Give Voice to Your Values at Work
How often do you find yourself in situations in the business world that go against your value system? And how often have you been able to make those values heard and respected? Most of us would probably answer “a lot” to the first question and “not very often” to the second. A common error: understanding ethics […]
Organizations and the Virtuous Circle
Recently, there has been a lot of debate about the actual objective of “the organization.” In the Western World, the prevalent view over the last decades has been that its objective was maximizing shareholder value above any other consideration. In other words, the HOW, (whether or not a company is virtuous in accomplishing objectives), did not […]
Why Good People Do Bad Things and What We Can Do About It
We can agree that people desire – in general – to act in an ethical manner and see themselves as ethical people. And there is general agreement also on values that matter to most people across different cultures: courage, justice, humanity, temperance, wisdom and transcendence. That said, there are many situations in which good people […]
