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ERIC Number: EJ811189
Record Type: Journal
Publication Date: 2008-Mar
Pages: 12
Abstractor: As Provided
Reference Count: 44
ISSN: ISSN-1749-6896
Economic Ethics and Industrial Policy: The Analysis of Ethical Standardization
Arnal, Juliette
Education, Knowledge & Economy: A Journal for Education and Social Enterprise, v2 n1 p39-50 Mar 2008
Beyond the presupposed cleavage between economics and ethics, the institutional dimension of economic ethics needs to be emphasized. The firm can use a large scope of instruments in order to formalize economic ethics. The asset of ethical standards is that they represent a specific way of coordination. They engender positive effects such as the fall of coordination cost and the reduction of uncertainty. Ethical standards can be regarded as a way to obtain information. The central issue regarding ethical standards remains their origin and construction. This article analyses the role that international ethics standards play in markets. To begin with, we describe the link between economic ethics, firms and markets. This leads to the question of formalization of ethics in firms. The hypothesis is that international ethical standards have a specific status at an industrial policy level. The main issue that remains is, of course, the legitimacy of ethical standards and of the international organizations that develop these standards. Legitimacy and efficiency are both necessary for ethical standards, which brings to light the hybrid character of the standardization process. It has its specific place between the pressures of the market and the supervision of authorities. (Contains 2 notes.)
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A