Business And Religion: A Clash of Civilizations? by Nicholas Capaldi

By Nicholas Capaldi

Because the past due Sixties American tradition has been interested by a fight to articulate an efficient enterprise ethics. The scandals of Enron and WorldCom represent egregious examples of the absence or deficiency of moral decision-making in concerns of trade. the aim of this quantity is to inaugurate a discussion at the universal components of all 3 Abrahamic traditions - Christianity, Islam, and Judaism - that contact on moral concerns in enterprise. With greater than forty students, spiritual and enterprise leaders becoming a member of the talk, this anthology is the start of a reconstruction of the knowledge of the connection among faith and trade.

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2 (May 1992), p. 231. 26 TIBOR R. MACHAN 9. The Rush Limbaugh Program, Friday, November 19, 2004. 10. See, Tibor R. Machan, “Aristotle & the Moral Status of Business,” Journal of Value Inquiry (forthcoming). 11. Needless to say, all crafts, skills, and professions can be corrupted by misuse and mal-practice. Business is by no means unique in this. , Machan and Chesher, The Business of Commerce. See, also, Tibor R. Machan and James E. Chesher, A Primer on Business Ethics (Lanham, MD: Rowman & Littlefield, 2003), for the professional ethical implications this approach to business yields.

In the United States, this relationship has been studied as part of a broader notion of “civil religion,” a term popularized by Robert Bellah. Civil religion, with its God language and particular brand of metaphysics, provided a conceptual framework for negotiating the interacting terrain of religion and society from the 17th through 19th centuries. This provided a common language for discussing the validity or invalidity of social and economic “needs,” and the justifiability of the costs of responding to those needs (Meeks, 1989, p.

Foremost, among these is acknowledging that CSD has a blind spot regarding economic growth. , the need to consider opportunity costs and risk, the role of economic freedom and incentives, the necessity of fiscal discipline, and the unavoidability of adjustment costs. A different understanding of the market economy should emerge out of this process. CSD should come to recognize business as the essential creator of growth; free markets should come to be seen as contributing both to growth and the ethical regulation of business.

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