Sen 1993 Essay

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Does Business Ethics Make Economic Sense? Author(s): Amartya Sen Reviewed work(s): Source: Business Ethics Quarterly, Vol. 3, No. 1 (Jan., 1993), pp. 45-54 Published by: Philosophy Documentation Center Stable URL: . Accessed: 26/12/2011 01:56 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact Philosophy Documentation Center is collaborating with JSTOR to digitize, preserve and extend access to Business Ethics Quarterly. DOES BUSINESS ETHICS MAKE ECONOMIC SENSE?* Amartya Sen of business in any Abstract: The importance ethics is not contrdicted Adam Smith's pointer to the fact that our "regards to our own way by interests" provide adequate motivation for exchange. There are many im? other than exchange, such as the insti? portant economic relationships and arrangements of distribution. Here business tution of production is concerned, ethics can play a major part. Even as far as exchange and business ethics can be crucially important in terms of organization behavior, going well beyond basic motivation. 1. Introduction idea ethics, but at the other end?the begin not with the need for business I that many people have that there is no need for such ethics. That convic? of economics, tion is quite widespread among practitioners though it is more rather than asserted explicitly. often taken for granted implicitly We have to understand what

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