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The philosophy of business considers the fundamental principles that underlie the formation and operation of a
business enterprise Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separ ...
; the nature and purpose of a
business Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separ ...
, and the moral obligations that pertain to it.


See also

*
Business ethics Business ethics (also known as Corporate Ethics) is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspects of business c ...
*
Theory of the firm The theory of the firm consists of a number of economic theories that explain and predict the nature of the firm, company, or corporation, including its existence, behaviour, structure, and relationship to the market. Firms are key drivers in ec ...


References

* Drucker, P. (1954) ''The Practice of Management'', HarperBusiness, Reissue edition 1993, * Fort, Timothy (2001) ''Ethics and Governance: Business as Mediating Institution'', Oxford University Press USA, New York. * Friedman, M (1962) ''Capitalism and Freedom'', University of Chicago Press, Chicago, 1962 * Hutcheson, F. (1729) ''An Inquiry Concerning Morall Good and Evil'', 1729. * Kalin, J. (1968) "In defence of egoism", in ''Morality and Rational Self-interest'', edited by
David Gauthier David Gauthier (; born 10 September 1932) is a Canadian-American philosopher best known for his neo-Hobbesian social contract (contractarian) theory of morality, as developed in his 1986 book ''Morals by Agreement''. Life and career Gauthie ...
, Prentice Hall, New York, 1970. * Mandeville, B. (1715) ''The Fable of the Bees''. * Rawls, J. (1971) ''A Theory of Justice'', Harvard University Press, Cambridge Massachusetts 1971. * Lord Shaftesbury (1710) ''Enquiry Concerning Virtue''. * Smith, A. (1759) ''The Theory of Moral Sentiments'', in ''Adam Smith's Moral and Political Philosophy'', edited by H. Schneider, Harper, New York, 1948 and 1970. * Strasnick, T. (1981) "Neo-utilitarian Ethics and the Ordinal Representation Assumption", in ''Philosophy in economics'', edited by J. Pitt, Reidel Publishing, 1981. * Luetge C. (ed.) (2013): Handbook of the Philosophical Foundations of Business Ethics. Heidelberg/New York: Springer 2013, .


External links


Peter Drucker's web site


edited by Geoffrey Klempner
The journal "Philosophy of Management"
founded by Nigel Laurie and edited by Paul Griseri (Managing Editor), Mark Dibben, Ed Freeeman and Frits Schipper {{Philosophy topics B Business ethics Applied philosophy