ERIC Number: EJ1201333
Record Type: Journal
Publication Date: 2018
On the Future of Business Law
Bird, Robert C.
Journal of Legal Studies Education, v35 n2 p301-320 Sum 2018
Business ethics are moral values and principles that guide the conduct of business toward promotion of the common good. This simple explanation of business ethics belies a deeper and broader understanding of how business ethics evolves. Law and ethics, which some see as distinct fields, are deeply connected and mutually reinforcing. Laws are hardened ethical values that are forged in debate, codified with precision, and sharpened by disputants to serve the needs of a complex society. Law and ethics need one another. Ethics without laws lack precision of applicability and enforcement by the state. Laws without ethics lack a moral anchor and encourage self-serving behavior outside the reach of authorities. Law and ethics are on a continuum of social policy, and the ethical values of today become the legal principles of tomorrow. In this article, the author discuses the important role of business law in business ethics, and then presents strategies for advancing the discipline on a path that keeps it vital and engaged with stakeholders--the business school, its faculty, students, the business community, and society.
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Authoring Institution: N/A