Tag: Ethics

As All England Club strives once more to foil ticket touts, the professional economist views the idea of the “just price” with patronising and detached amusement. But is he right?

Regulation by rules is all very well; regulation by values is indispensable.

This case was prepared by Professor John Kay, under the direction of emeritus Professor Charles Dickens. It is intended as the basis for class discussion rather than to illustrate either effective or ineffective handling of an administrative situation.

With maturity – personal or corporate – comes the principle of obliquity. Many people have noted the paradox that the most profitable companies are not necessarily the most profit oriented.

Chainsaw Al is obsessed with making money. Bill Gates is obsessed with computers. Who is the richer man?

Is the third way simply an eclectic compromise which offers to drop any unpalatable bits from the familiar ideologies of far right and far left? I argue that if there is a third way, this is not where we will find it.

The view of business as necessarily selfish, narrow and instrumental, is, as it always has been, nonsense. Business which is selfish in motivation, narrow in outlook, and instrumental in behaviour is rarely successful business.

What are the responsibilities of Shell to society at large? There is a simple answer - and it’s wrong.

How are we to deal with businessmen who won’t play fair? There are three responses, and the one most under-rated is to regulate by a system of values.

Sport is a better metaphor for business than most: which makes the tawdry spectacle of Atlanta 1996 all the more depressing.