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Sources of Virtue: The Market and the Community

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  • Shaw, Bill

Abstract

Virtues are habits of character that advance excellence in all of ones endeavors. In the Aristotelian formulation, training in the virtues is driven by a sense of the “good,” that is, by a widely shared agreement on the components of a good society and on the roles (and appropriate virtues or excellencies) of the “social animals” that energize that society. In the modern era, however, a strong sense of community has been much diminished. Freedom from the restraints of the Church and other social institutions and an emphasis on individual autonomy has fostered a different ethical perspective, a perspective in which the market enters importantly into one’s conception of the good. Does the market generate virtues which in turn sustain it? What guides the development of virtue in market economies that are entering the “information superhighway,” and a new millennium as well?

Suggested Citation

  • Shaw, Bill, 1997. "Sources of Virtue: The Market and the Community," Business Ethics Quarterly, Cambridge University Press, vol. 7(1), pages 33-50, January.
    • Handle: RePEc:cup:buetqu:v:7:y:1997:i:01:p:33-50_00
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    Cited by:

    1. Keikoh Ryu, 2009. "Strategic Localization for Japanese Corporations in China," Annals - Economic and Administrative Series -, Faculty of Business and Administration, University of Bucharest, vol. 3(1), pages 41-50, December.
    2. David Dawson, 2015. "Two Forms of Virtue Ethics: Two Sets of Virtuous Action in the Fire Service Dispute?," Journal of Business Ethics, Springer, vol. 128(3), pages 585-601, May.
    3. Fuan Li & Sixue Zhang & Xuelian Yang, 2018. "Moral Integrity and Relationship Commitment: An Empirical Examination in a Cross-Cultural Setting," Journal of Business Ethics, Springer, vol. 151(3), pages 785-798, September.
    4. David Dawson, 2018. "Organisational Virtue, Moral Attentiveness, and the Perceived Role of Ethics and Social Responsibility in Business: The Case of UK HR Practitioners," Journal of Business Ethics, Springer, vol. 148(4), pages 765-781, April.
    5. Surendra Arjoon & Alvaro Turriago-Hoyos & Ulf Thoene, 2018. "Virtuousness and the Common Good as a Conceptual Framework for Harmonizing the Goals of the Individual, Organizations, and the Economy," Journal of Business Ethics, Springer, vol. 147(1), pages 143-163, January.
    6. Marina Balboa & Germán López-Espinosa & Antonio Rubia, 2012. "Non-linear Dynamics in Discretionary Accruals: An Analysis of Bank Loan-Loss Provisions," Faculty Working Papers 07/12, School of Economics and Business Administration, University of Navarra.

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