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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

Problem areas of business ethics

Problem areas of business ethics

Chapter:
(p.156) 5 Problem areas of business ethics
Source:
Business Ethics
Author(s):

Christoph Lütge

Matthias Uhl

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198864776.003.0006

This chapter discusses three key problem areas of business ethics. The first topics covered are poverty and inequality: absolute and relative poverty are distinguished, and the concept of equality is scrutinized. Second, the authors discuss human dignity and human rights. The distinctions between negative and positive liberties and between moral universalism and relativism are explained. Default rules exemplify how the concept of human dignity can be made fruitful for the problem of institutional design. Third, the notion of sustainability is treated. Among others, the triple-bottom line approach with its economic, ecological, and social dimension illustrates the multiple facets of sustainability. Finally, time preferences are introduced and alternative solution strategies of efficiency and sufficiency are contrasted with each other.

Keywords:   absolute vs. relative poverty, inequality, human dignity, human rights, liberty, universalism vs. relativism, sustainability, time preferences, hyperbolic discounting, sufficiency

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