Abstract We analyze stakeholder management (STM) relative to cooperation and individualism within the fourth industrial revolution (FIR). STM is a recent corporate governance tool boosting cooperation and allowing representativeness of individualistic behaviors even in dialectical environments. Though forerunning it, cooperatives massively use STM now, while the FIR demands cooperation also at non-cooperative enterprises. We reach two main conclusions. Deeper orientation towards STM helps solve the shareholder management (SHM) crisis. Moreover, exemplifying the benefits of STM towards social and environmental goals, cooperatives can inspire also other companies aiming to reduce the negative externalities of SHM and profit from cooperation within the FIR.
{"title":"Stakeholder Management, Cooperatives, and Selfish-Individualism","authors":"G. Ferri, Angelo Leogrande","doi":"10.2478/jome-2021-0005","DOIUrl":"https://doi.org/10.2478/jome-2021-0005","url":null,"abstract":"Abstract We analyze stakeholder management (STM) relative to cooperation and individualism within the fourth industrial revolution (FIR). STM is a recent corporate governance tool boosting cooperation and allowing representativeness of individualistic behaviors even in dialectical environments. Though forerunning it, cooperatives massively use STM now, while the FIR demands cooperation also at non-cooperative enterprises. We reach two main conclusions. Deeper orientation towards STM helps solve the shareholder management (SHM) crisis. Moreover, exemplifying the benefits of STM towards social and environmental goals, cooperatives can inspire also other companies aiming to reduce the negative externalities of SHM and profit from cooperation within the FIR.","PeriodicalId":134384,"journal":{"name":"Journal for Markets and Ethics","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133826009","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract The debate around ‘big tech’ and competition law and policy has gained traction over the past few years – not least because of the various ongoing antitrust investigations in China, Europe, and the U.S. This paper builds on the renewed interest in the topic and discusses the key characteristics of digital markets, the business models and strategies of major tech platforms such as Amazon, Apple, Facebook, and Google, and the corresponding antitrust issues. It does so by utilizing a distinct business ethics perspective, i.e., ordoliberalism. By doing so, the paper not only aims to enrich the current debate on big tech and antitrust; it also intends to illustrate the continuing relevance and importance of ‘German neoliberalism’ in the 21st century.
{"title":"Digital Platforms and Competition Policy: A Business-Ethical Assessment","authors":"Manuel Wörsdörfer","doi":"10.2139/ssrn.3982604","DOIUrl":"https://doi.org/10.2139/ssrn.3982604","url":null,"abstract":"Abstract The debate around ‘big tech’ and competition law and policy has gained traction over the past few years – not least because of the various ongoing antitrust investigations in China, Europe, and the U.S. This paper builds on the renewed interest in the topic and discusses the key characteristics of digital markets, the business models and strategies of major tech platforms such as Amazon, Apple, Facebook, and Google, and the corresponding antitrust issues. It does so by utilizing a distinct business ethics perspective, i.e., ordoliberalism. By doing so, the paper not only aims to enrich the current debate on big tech and antitrust; it also intends to illustrate the continuing relevance and importance of ‘German neoliberalism’ in the 21st century.","PeriodicalId":134384,"journal":{"name":"Journal for Markets and Ethics","volume":"43 12","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114121333","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract Our content analysis of the reporting of the DAX30 companies shows that the focus is primarily on compliance, codes of conduct, company-specific sustainability, CSR and corporate citizenship programs. Ethics and sustainability departments are positioned close to the board of directors and company management, which emphasizes the strategic relevance from a company perspective. The results help to summarize and compare the communication between companies and their stakeholders in the context of ethics and to identify potential for improvement.
{"title":"Wie werden Ethik und ethisches unternehmerisches Handeln gegenüber den Stakeholdern kommuniziert? Eine Analyse der Geschäftsberichte der DAX30 Unternehmen","authors":"Laura Naumann, T. Herberger, M. Ender","doi":"10.2478/jome-2021-0006","DOIUrl":"https://doi.org/10.2478/jome-2021-0006","url":null,"abstract":"Abstract Our content analysis of the reporting of the DAX30 companies shows that the focus is primarily on compliance, codes of conduct, company-specific sustainability, CSR and corporate citizenship programs. Ethics and sustainability departments are positioned close to the board of directors and company management, which emphasizes the strategic relevance from a company perspective. The results help to summarize and compare the communication between companies and their stakeholders in the context of ethics and to identify potential for improvement.","PeriodicalId":134384,"journal":{"name":"Journal for Markets and Ethics","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127755478","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract Pope Francis’ encyclical Fratelli tutti (2020) is also interesting from a business ethics perspective. In terms of a systematic analysis, it seems promising to distinguish three different perspectives that are well established in academic business ethics. The three perspectives can be operationalized using three corresponding questions. How do we want to do business and why? Who should act and where? Is Pope Francis right? Following these questions, the paper highlights the key aspects of Francis’ business ethics in FT and beyond and establishes some cross-references to the current, especially German-speaking discourse on business ethics.
{"title":"Drei FAQs zur Wirtschaftsethik in Fratelli tutti Wie wollen wir warum wirtschaften? Wer soll wo handeln? Hat Franziskus Recht?","authors":"C. Bachmann","doi":"10.2478/jome-2021-0004","DOIUrl":"https://doi.org/10.2478/jome-2021-0004","url":null,"abstract":"Abstract Pope Francis’ encyclical Fratelli tutti (2020) is also interesting from a business ethics perspective. In terms of a systematic analysis, it seems promising to distinguish three different perspectives that are well established in academic business ethics. The three perspectives can be operationalized using three corresponding questions. How do we want to do business and why? Who should act and where? Is Pope Francis right? Following these questions, the paper highlights the key aspects of Francis’ business ethics in FT and beyond and establishes some cross-references to the current, especially German-speaking discourse on business ethics.","PeriodicalId":134384,"journal":{"name":"Journal for Markets and Ethics","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131235419","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract In this paper I start from the biblical justification of the value and dignity of work (I), which is unique in the entire ancient world. At the same time, it leads to an overall biblical clarification of the image of man, so that man, who was expelled from paradise, is at the same time appreciated in his participation in the cultivation of the earth (I.1). The consequences for a Christian work ethic up to the Catholic Social Teaching (I.5) are explained, as is the decline of this understanding of work in the course of industrialisation and unleashed capitalism (I.4.). In the second part, the Unconditional Basic Income (II) is explicated in its multifactorial affinities, economically, legal-theoretically, socio-philosophically and in view of the global world situation. Finally (III), a summary is drawn that outlines alternative forms of the UBI in the world of work.
{"title":"Der Wert der Arbeit: Theologische und sozialethische Überlegungen zum Bedingungslosen Grundeinkommen","authors":"H. Seubert","doi":"10.2478/jome-2021-0003","DOIUrl":"https://doi.org/10.2478/jome-2021-0003","url":null,"abstract":"Abstract In this paper I start from the biblical justification of the value and dignity of work (I), which is unique in the entire ancient world. At the same time, it leads to an overall biblical clarification of the image of man, so that man, who was expelled from paradise, is at the same time appreciated in his participation in the cultivation of the earth (I.1). The consequences for a Christian work ethic up to the Catholic Social Teaching (I.5) are explained, as is the decline of this understanding of work in the course of industrialisation and unleashed capitalism (I.4.). In the second part, the Unconditional Basic Income (II) is explicated in its multifactorial affinities, economically, legal-theoretically, socio-philosophically and in view of the global world situation. Finally (III), a summary is drawn that outlines alternative forms of the UBI in the world of work.","PeriodicalId":134384,"journal":{"name":"Journal for Markets and Ethics","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117010037","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract The concept of an unconditional basic income is not new, but it is still the subject of much controversy. This paper looks at the quantitative effects of introducing an unconditional basic income, using Germany as an example. It examines the financial implications and other major problems of an unconditional livable income measure. The analysis shows that an unconditional basic income at the level generally called for by its proponents would require massive tax increases and thus a substantial redistribution of income from the middle and upper ends of the income scale downward.
{"title":"Why an Unconditional Basic Income is Highly Problematic – General Considerations and Quantitative Implications for the Case of Germany","authors":"M. Frenkel","doi":"10.2478/jome-2021-0001","DOIUrl":"https://doi.org/10.2478/jome-2021-0001","url":null,"abstract":"Abstract The concept of an unconditional basic income is not new, but it is still the subject of much controversy. This paper looks at the quantitative effects of introducing an unconditional basic income, using Germany as an example. It examines the financial implications and other major problems of an unconditional livable income measure. The analysis shows that an unconditional basic income at the level generally called for by its proponents would require massive tax increases and thus a substantial redistribution of income from the middle and upper ends of the income scale downward.","PeriodicalId":134384,"journal":{"name":"Journal for Markets and Ethics","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123425241","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
B. Neumärker, Bianca Blum, Burhan Yalcin, Sema Yalcin
Abstract The measures taken to contain the Covid-19 pandemic have resulted in, among other things, massive loss of earnings. Many people are therefore increasingly experiencing an income crisis in addition to the acute health crisis. Permanent existential insecurity remains for too many despite the numerous aid packages. The principle of need-based assistance and the determination of need for the provision of aid are proving to be insufficient. In the current crisis, earned incomes are affected most of all due to the measures taken. This leads to an asymmetric distribution of the crisis-induced burdens and thus to an asymmetric distribution of risks and burdens between performance-related and non-performance-related income, which exacerbates the redistribution in favor of capital income. The model of net basic income (NBI) shows one way to come to a solution of these problems in the crisis. Every adult person in Germany receives a monthly unconditional basic income of e.g. 550 Euros (calculated in this approach) during the crisis period. This amount is supplemented by the suspension of rent, lease, repayment and interest obligations during this period of income loss. The amount of money paid to each person is the net share of the crisis basic income. The household savings from suspending rent, lease, principal, and interest payments is the gross. After the crisis, the NBI can be raised to a full participatory UBI as economic momentum increases. In step with this, rental, lease and capital services are to be paid again in full contract amount.
{"title":"UBI in Times of Crisis: The Net Basic Income Discussing the Case of Germany","authors":"B. Neumärker, Bianca Blum, Burhan Yalcin, Sema Yalcin","doi":"10.2478/jome-2021-0002","DOIUrl":"https://doi.org/10.2478/jome-2021-0002","url":null,"abstract":"Abstract The measures taken to contain the Covid-19 pandemic have resulted in, among other things, massive loss of earnings. Many people are therefore increasingly experiencing an income crisis in addition to the acute health crisis. Permanent existential insecurity remains for too many despite the numerous aid packages. The principle of need-based assistance and the determination of need for the provision of aid are proving to be insufficient. In the current crisis, earned incomes are affected most of all due to the measures taken. This leads to an asymmetric distribution of the crisis-induced burdens and thus to an asymmetric distribution of risks and burdens between performance-related and non-performance-related income, which exacerbates the redistribution in favor of capital income. The model of net basic income (NBI) shows one way to come to a solution of these problems in the crisis. Every adult person in Germany receives a monthly unconditional basic income of e.g. 550 Euros (calculated in this approach) during the crisis period. This amount is supplemented by the suspension of rent, lease, repayment and interest obligations during this period of income loss. The amount of money paid to each person is the net share of the crisis basic income. The household savings from suspending rent, lease, principal, and interest payments is the gross. After the crisis, the NBI can be raised to a full participatory UBI as economic momentum increases. In step with this, rental, lease and capital services are to be paid again in full contract amount.","PeriodicalId":134384,"journal":{"name":"Journal for Markets and Ethics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123150701","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Rezension zu: Sautter, Hermann: Verantwortlich wirtschaften: Die Ethik gesamtwirtschaftlicher Regelwerke und des unternehmerischen Handelns","authors":"R. Haupt","doi":"10.2478/jome-2020-0006","DOIUrl":"https://doi.org/10.2478/jome-2020-0006","url":null,"abstract":"","PeriodicalId":134384,"journal":{"name":"Journal for Markets and Ethics","volume":"73 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125900154","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract Bernhard Emunds, a German Catholic social ethicist, is engaged in research into financial markets. This article introduces post-Keynesianism as his economic foundation, followed by a description of conclusions Emunds draws about the regulation of financial markets. Thereafter, implications of the post-Keynesian framework are contrasted with those of supply-side economics. The article finally appraises the suitability of post-Keynesianism as an economic foundation for Catholic social teaching.
{"title":"Die postkeynesianische Ökonomik in der Finanzethik des katholischen Sozialethikers Bernhard Emunds – Diskussion aus einer angebotsorientierten Perspektive","authors":"Felix Heider","doi":"10.2478/jome-2020-0005","DOIUrl":"https://doi.org/10.2478/jome-2020-0005","url":null,"abstract":"Abstract Bernhard Emunds, a German Catholic social ethicist, is engaged in research into financial markets. This article introduces post-Keynesianism as his economic foundation, followed by a description of conclusions Emunds draws about the regulation of financial markets. Thereafter, implications of the post-Keynesian framework are contrasted with those of supply-side economics. The article finally appraises the suitability of post-Keynesianism as an economic foundation for Catholic social teaching.","PeriodicalId":134384,"journal":{"name":"Journal for Markets and Ethics","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120957919","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract This article is a response to Albert Carr’s business bluff compared to a poker game article in the Harvard Business Review “Is Business Bluffing Ethical? The Ethics of Business are not Those of Society, but Rather Those of the Poker Game”. Opinions are given on the ethical dilemmas which are deemed legal and acceptable in the business world by Carr.
{"title":"Revisiting Carr’s Business Bluff: Opinions on the Ethics of Playing the Game","authors":"D. Fowler, Jon Musgrave","doi":"10.2478/jome-2020-0004","DOIUrl":"https://doi.org/10.2478/jome-2020-0004","url":null,"abstract":"Abstract This article is a response to Albert Carr’s business bluff compared to a poker game article in the Harvard Business Review “Is Business Bluffing Ethical? The Ethics of Business are not Those of Society, but Rather Those of the Poker Game”. Opinions are given on the ethical dilemmas which are deemed legal and acceptable in the business world by Carr.","PeriodicalId":134384,"journal":{"name":"Journal for Markets and Ethics","volume":"136 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123203802","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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