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Papers

Buddhist Economics – An Overview

    Clair Brown, & Laszlo Zsolnai ‘Buddhist Economics – An Overview.’ Society and Economy, 2018, vol.40, no. 4, pp. 497-513 Over the centuries, Buddhist monks applied economic models in the operations of their monasteries to make them sustainable while also observing Buddhist principles. The large variety of economic practices observed demonstrate the creativity of monastics in acquiring the resources to support their large monasteries in a way that was viewed as compatible with Buddhist ethics embodied in the Noble… Read More »Buddhist Economics – An Overview

    Economic Actors and the Ultimate Goal of the Economy

      Laszlo Zsolnai ‘Economic Actors and the Ultimate Goal of the Economy.’ , in Economic Objects and the Objects of Economics, eds. Peter Rona, and Laszlo Zsolnai, Springer, 2018. (This book may be available at: https://www.springer.com/us/book/9783319945286) Mainstream economics employs a rather simplified picture of economic systems. Economic actors are grouped into three categories, namely individuals/households, firms, and the state. Among these actors only monetized transactions are considered. The ultimate goal of the economy is defined as maximization of individual income… Read More »Economic Actors and the Ultimate Goal of the Economy

      Issues and Themes in Moral Economics

        Laszlo Zsolnai ‘Issues and Themes in Moral Economics.’ , in Economics as a Moral Science, eds. Peter Rona, and Laszlo Zsolnai, Springer, 2017. (This book may be available at: Springer) This paper summarizes the main issues and themes in the development of moral economics. Zamagni suggests that we can harness market interactions by re-defining the market in a non-individualistic way, as a network of mutually beneficial relations, along the lines suggested by the civil economy paradigm. Bouckaert underlines that… Read More »Issues and Themes in Moral Economics

        Economic Rationality versus Human Reason

          Laszlo Zsolnai ‘Economic Rationality versus Human Reason .’ , in Economics as a Moral Science, eds. Peter Rona, and Laszlo Zsolnai, Springer, 2017. (This book may be available at: Springer) First the paper analyses the rationality assumptions of mainstream economics and shows that they are empirically misleading and normatively inadequate. It argues that the world ruled by self-interest based rationality of economic actors leads to ’unreason’ from a wider ecological and human perspective. The paper illuminates that human reason… Read More »Economic Rationality versus Human Reason

          Buddhism and Economic Development

            Laszlo Zsolnai ‘Buddhism and Economic Development.’ , in Teaching Buddhism, eds. Todd Lewis, and Gary DeAngelis, Oxford University Press, Oxford, 2016. Buddhist Economics is not the same as Economics of Buddhism. The former is a modern discourse that utilizes elements of Buddhist thought to construct an alternative model of the economy and the latter is a study of how Buddhists organize their econimic life in real-world social settings, past or present. Buddhist Economics is essentially a normative enterprise… Read More »Buddhism and Economic Development

            Agenda for Future Research and Action

              Peter Rona, & Laszlo Zsolnai ‘Agenda for Future Research and Action.’ , in Economics as a Moral Science, eds. Peter Rona, and Laszlo Zsolnai, Springer, 2017. (This book may be available at: Springer) This paper is about the restoration of economics as a moral science. It is argued that economics, unlike the natural sciences, does not have an ontologically objective subject, because economic life, unlike matter, is the product of human intentionality. Economic phenomena are always necessarily incommensurate because… Read More »Agenda for Future Research and Action

              Redefining the Roles and Duties of Management

                Laszlo Zsolnai, Sven Junghagen, and Antonio Tencati ‘Redefining the Roles and Duties of Management.’ Journal of Global Responsibility , 2012, vol.3, no. 1, pp. 121-133 The paper analyses the crisis of the business profession and the role that management education can play in renewing business management. It is argued that unless future managers demonstrate that they serve the common good in their daily practice, the legitimacy and moral standing of the business profession remain questionable. The paper presents the… Read More »Redefining the Roles and Duties of Management

                Globalization and the Community

                  Laszlo Zsolnai, Zsolt Boda, Tomasz Dolegowski, Knut Ims, Joseph Lozano, Eleanor O’Higgins, & Antonio Tencati ‘Globalization and the Community.’ European Business Forum, 2004, pp. 23-24 Members of the Business Ethics Group of the Community of European Management Schools (CEMS) explore alternative strategies for companies engaged in globalization. They argue that if business follows the unhindered, ‘market fundamentalist’ type of globalisation then it could lose its legitimacy. It is better for globalised business to enter into an open… Read More »Globalization and the Community