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Value Economics The Ethical Implications of Value for New Economic Thinking

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The last financial crisis revealed a gap between business practice and ethics. In Value Economics, Griffiths and Lucas examine some of the reasons for this ethical gap and discuss the resulting loss of confidence in the financial system. One of the reasons has been hazy or inadequate thinking about how we value economic enterprises. With the close link between the creation of value and business ethics in mind, this book proposes that economic value should become the basic metric for evaluating performance in the creation of value, and for establishing fair and reasonable standards for executive compensation. Value Economics considers a number of rational philosophical principles for business management, on which practical codes of business ethics can be based. As the creation of value has moral implications for economic justice, the book reaffirms the argument for economics as a moral science, and seeks, within the context of proposed changes in the regulation and control of financial services, to answer the following question: will things really change after the last financial crisis?

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Detail Information

Series Title

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Call Number

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Publisher

The Editor : Palgrave Macmillan London., 2016

Collation

XV, 281

Language

English

ISBN/ISSN

978-1-137-54187-1

Classification

NONE

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

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Subject(s)

Economic Policy
Philosophy of the Social Sciences
Financial Economics
Business Ethics
Social Choice and Welfare

Specific Detail Info

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Statement of Responsibility

M. R. Griffiths, J. R. Lucas

Other Information

Cataloger

Yudi

Source

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