Books in the Frontiers of Business Ethics series

This book contains the proceedings of a conference on 'Responsibility in Economics and Business: the legacy of E.F. Schumacher' held in September 2011 by the Centre for Ethics of the University of Antwerp and the Business Ethics Center of Budapest. It engages with Schumacher's vision and addresses a need for responsibility in economics and business.

This book examines frugality as an ideal and an ¿art de vivre¿ which implies a low level of material consumption and a simple lifestyle, to open the mind for spiritual goods as inner freedom, social peace and justice or the quest for God or ¿ultimate reality¿. By rational choice we can develop a more frugal and sufficient way of life, but material temptations can always overwrite our ecological, social and ethical considerations. But the spiritual case for frugality is strong enough. Spiritually based frugal practices may lead to rational outcomes such as reducing ecological destruction, social disintegration and the exploitation of future generations.

Recent years have seen a great debate and much progress in corporate social responsibility (CSR). Headway has been made in the development of the CSR agenda and dissemination of management models. This title offers a re-reading of fundamental issues for business management such as the stakeholder relationship, and meaning of success in business.

Current theories of leadership, spirituality and ethics are inadequate for the global, rapidly changing and complex environment in which leaders work today. Emerging from this book's critical analysis comes a new theory of leadership: co-charismatic leadership. This does not mean leadership focused in 'charisma', or the special qualities or charm of an individual. Charisma originates from the Greek word for gift or grace. Rather it emphasises the relational nature of charisma, as both shared throughout the community and dependent upon mutual relationships within the community. The charismata are in effect virtues, to be practised in the community by all members, hence the 'co' in the title. The authors argue for a leadership that enables virtues, informed by the ongoing narrative of and dialogue in the community, to be practised in the community and beyond. These virtues enable the practice of responsibility, and taking that responsibility for ideas, values and practice is itself central to leadership. Through the practice of responsibility everybody in the organisation becomes a leader in some way. The task of the authorised leader is to enable all this. This book will appeal to both practitioner and academic audiences alike as it provides an engaging mix of theory and practical application which tests and applies the concepts explored in a range of practical case studies.

Competitive economics produces an abundance of goods and services but at an intolerable environmental and social cost. Competition has become an end in itself, which leads to detrimental effects on nature, society and future generations. This book promotes a collaborative attitude of doing business based on a positive view of self and others.

This book addresses ethical and spiritual issues in economics. The central idea advanced in the book is that the extreme focus on the self by economic actors leads to the destruction of both material and non-material values. The assumptions of self-interest in behavior represent the core of mainstream economics today. From this perspective, the welfare of economic agents depends on their own consumption; their goal is to maximize their own welfare; and their choice is guided by the pursuit of their own goals. Throughout the book the author argues that self-interest-based actions and policies have a detrimental impact on nature, future generations, and society at large. If we want to survive and flourish in the material world we have to transcend the self and embrace wholeness. This value shift requires enormous changes in economics, politics and social life, but there may not be any other option in light of the current state of ecological degradation and human suffering.

The book explores the Deep Ecology perspective and Buddhist Economics for transforming business toward a more ecological and human form. It argues that ecology and ethics provide limits for business within which business is legitimate and productive. By transgressing ecological and ethical limits business activities become destructive and self-defeating. Today¿s business model is based on and cultivates narrow self-centeredness. Both Deep Ecology and Buddhist Economics point out that emphasizing individuality and promoting the greatest fulfillment of the desires of the individual conjointly lead to destruction. Happiness is linked to wholeness, not to personal wealth. We need to find new ways of doing business, ways that respect the ecological and ethical limits of business activities. Acting within limits provides the hope and promise of contributing to the preservation and enrichment of the world.

Globalization and information technology are driving the world into a new era. Is it the responsibility of business to pursue the common good - and more precisely, to participate in the construction of the global common good? This book brings together contributions from various disciplines, written by scholars who are at the forefront of this debate. It provides multiple insights into a tripartite relationship: business, globalization and the common good. It helps explain why the business sphere will probably not be in a position to ignore the common good much longer, and why this latter concept, widely ignored in today's management realm, is likely to become part of tomorrow's corporate policies and practices in the global context. Finally, this work opens up a plethora of avenues for future research, calling for the development of transdisciplinary approaches and for the elaboration of a research program embracing theoretical, empirical and spiritual perspectives to tackle this complex issue.