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Business EthicsAn Economically Informed Perspective$
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Christoph Lutge and Matthias Uhl

Print publication date: 2021

Print ISBN-13: 9780198864776

Published to Oxford Scholarship Online: April 2021

DOI: 10.1093/oso/9780198864776.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 25 July 2021

Foundations and tools of business ethics

Foundations and tools of business ethics

(p.80) 4 Foundations and tools of business ethics
Business Ethics

Christoph Lütge

Matthias Uhl

Oxford University Press

This chapter introduces the most important interdisciplinary foundations and tools of business ethics. First, the authors discuss the philosophical foundations and concepts. The most important normative ethical theories, the notion of a reflective equilibrium, and several tools for justifying norms under dissent are introduced. Second, economic and socio-scientific foundations and tools are discussed, scrutinizing different concepts of rationality and assessments of social conditions. The importance of dilemma structures lies at the core of this section. Third, the authors present psychological foundations and tools, introducing the behavioral approach to ethics, dual process theory, and Haidt’s social intuitionist model to moral judgment, with its emphasis on the limits of reason for moral judgment. Moreover, the relevance of bounded ethicality in individuals and organizations for business ethics is outlined.

Keywords:   deontology, consequentialism, norm justification, rationality, methodological individualism, justice, prisoner’s dilemma, behavioral ethics, dual process theory, bounded ethicality

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