Ghoshal’s ghost: Financialization and the end of management theory. New York: HarperCollins.ĭaneke, G.A., and A. Built to last: Successful habits of visionary companies. Rival versions of corporate governance as rival theories of agency. The Journal of Political Economy 76: 169–217.īernacchio, C. Crime and punishment: An economic approach. The claim that it is in the nature of human beings to deliberate rationally is in part aspirational, but also in part scientific-in Aristotle’s modest sense.īecker, G. Aristotle gives us reason to reject the notion that people are homines economici and to treat them as rational deliberators, in part by creating an appropriate culture. But if you are virtuous, your emotions and desires support your rationality. Aristotle agrees that many people are not virtuous and that weakness of the will is a common occurrence, and he agrees that emotion drives actions. Doris questions whether character generates the first premises of an agent’s practical syllogisms, while Haidt has argued that we often act on emotions rather than on the basis of the reasons that we claim motivate us. But rationality- phronesis, practical wisdom-is not a matter of applying algorithms. Aristotle believes that emotions and objectives may be rational or irrational. Against Davidson’s view that psychology cannot be a natural science, Aristotle believes that there can be a teleological, if not exact, science of behavior. These beliefs, often associated with Taylor and Friedman, lead to such practices as incentive compensation, which would be effective only if employees were homines economici and thus rational in the sense of knowing how to satisfy whatever desires they have. Economics and business courses foster this deficient form of ethics, assuming an overriding desire for money, which, according to MacIntyre and Aristotle, crowds out the associative virtues. Behaviorism is consistent with the assumptions of perfect competition, with the homo economicus model, and with a form of ethics that enshrines market-based notions of utility, justice, and rights and encourages rational maximizing.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |