scholarly journals Thomas Aquinas on Justice as a Global Virtue in Business

2012 ◽  
Vol 22 (2) ◽  
pp. 247-272 ◽  
Author(s):  
Claus Dierksmeier ◽  
Anthony Celano

ABSTRACT:The moral theory of Thomas Aquinas meets the present need for a business ethics that transcends the legal realm by linking the ideas of justice and virtue in an ingenious way. Thomas's virtue theory coordinates private and public activities through a set of context-invariant, justice-oriented norms with conceptual appeal to contemporary questions of global business ethics. In our article, we first sketch how Aquinas's theory can be also of relevance to a non-confessional audience through its appeal to the ‘natural light of reason.’ Then we explain how his theory of ‘natural law’ aligns his ideas of virtue and justice. From this vantage point, we address the tension between cultural diversity and moral uniformity in the economic sphere in general and in today's globalized business world in particular. Throughout the article, we aim to show how Aquinas's conception of virtuous business conduct gains inter-personal and inter-cultural validity that establishes social justice as the global virtue of business.

2016 ◽  
Vol 8 (3) ◽  
pp. 232
Author(s):  
Henry Kerich

<p>Business ethics are moral principles and doctrines that determine behavior in the business world. Although the purpose of every business is to earn profits, it also ought to pay a major role in society by ensuring fair practices. Instead of fairness and equality, greed has taken over the present business scenario leading to unethical business practices. World Bank and International Monetary Fund have been criticized for harsh imposition of austerity measures on member borrower countries. IMF programs are connected with adverse social action like reduced investment in public health and education in the recipient countries resulting in ethical violation and lack of corporate social responsibility to the communities served. A number of World Bank financed projects have social and environmental effects for the people in the affected areas resulting in ethical issues criticism. The IMF and World Bank have also been criticized for violation of ethical issues of equity and fair play.</p>


2017 ◽  
pp. 258-292
Author(s):  
Neil Remington Abramson ◽  
Robert T. Moran

1999 ◽  
Vol 41 (4) ◽  
pp. 45-63 ◽  
Author(s):  
Thomas Donaldson ◽  
Thomas W. Dunfee

2008 ◽  
Vol 113 (3) ◽  
pp. 347-374 ◽  
Author(s):  
EMILY F. CARASCO ◽  
JANG B. SINGH

2003 ◽  
Vol 22 (2) ◽  
pp. 71-88 ◽  
Author(s):  
Diane Huberman-Arnold ◽  
Keith Arnold ◽  

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