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Working Papers (2005), ESSEC Business School

The Ethical Dimension of Economic Choices

In general, capitalist countries display sustained growth, dynamism and innovation, and a high adaptability in response to external shocks. Yet in the last twenty years discontent over the notorious drawbacks of capitalism - corporate frauds, corruption, abuses of market power - have grown continually. In this paper, we argue that no remedy to these difficulties can be found if ethical dilemmas are not anticipated and addressed at the individual, firm and economy-wide level.

VRANCEANU, R. (2005). The Ethical Dimension of Economic Choices. ESSEC Business School.