ABSTRACT. Baker contends that ethical rules in society change in time and are different in different cultures. McGee maintains that efficiency is a variant of utilitarian ethics. Doorn asserts that Rawls’ method of wide reflective equilibrium explicates and defends his theory of justice. Burton and Goldsby argue that behavior that does not meet an identifiable and justifiable ethical standard must lead to relative harm to shareholders over the long term. Meinster explains how economic theory based on empiricist philosophical principles produces concepts that distort our experience of the economy. Werhane notices that what is often missing in organizational decision-making is a systemic as well as a morally imaginative approach. (pp. 250–256)
JEL: A11, L17, Q01
Keywords: moral, business, decision, efficiency, behavior, organization