Moral Capabilities and Institutional Innovation - An Extended Transaction Cost Approach
Series
Studies in TransAtlantic Business Ethics series
ISBN
978-1-78471-996-8
Type
book section
Date Issued
2016
Author(s)
Editor(s)
Enderle, Georges
Murphy, Patrick E.
Abstract
When facing complex ethical problems, assigning responsibility is a difficult undertaking with far-reaching consequences. Chapter 3 by Thomas Beschorner and Martin Kolmar addresses this foundational issue by arguing for a multilevel approach that rejects this either/or thinking of moral actions versus institutions. It proposes using an extended transaction cost approach (inspired by economics) in order to determine a fair sharing of moral responsibilities among individual and organizational actors and social institutions. As moral agency and institutions are interdependent – which is obvious from a dynamic perspective – they not only shape but also are shaped by each other. This multilevel approach implies that governance is important at each level and requires coordination to address complex ethical problems.
Funding(s)
CSR beyond black and white: The role of multinational corporations in the context of deep poverty and human development
Language
English
Keywords
ethics
economics
transaction cost economics
innovation
institutions
HSG Classification
contribution to scientific community
Refereed
No
Book title
Ethical Innovation in Business and the Economy
Publisher
Edward Elgar
Publisher place
Cheltenham
Start page
47
End page
71
Subject(s)
Eprints ID
245131
File(s)![Thumbnail Image]()
open.access
Name
Chapter 3_corrections_Beschorner.pdf
Size
264.11 KB
Format
Adobe PDF
Checksum (MD5)
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