Moral Capabilities and Institutional Innovation - An Extended Transaction Cost Approach

Item Type Book Section
Abstract When facing complex ethical problems, assigning responsibility is a difficult undertaking with far-reaching consequences. Chapter 3 by Thomas Beschorner and Martin Kolmar addresses this foundational issue by arguing for a multilevel approach that rejects this either/or thinking of moral actions versus institutions. It proposes using an extended transaction cost approach (inspired by economics) in order to determine a fair sharing of moral responsibilities among individual and organizational actors and social institutions. As moral agency and institutions are interdependent – which is obvious from a dynamic perspective – they not only shape but also are shaped by each other. This multilevel approach implies that governance is important at each level and requires coordination to address complex ethical problems.
Authors Beschorner, Thomas & Kolmar, Martin
Editors Enderle, Georges & Murphy, Patrick E.
Projects Projects 210137 not found.
Language English
Keywords ethics, economics, transaction cost economics, innovation, institutions
Subjects cultural studies
HSG Classification contribution to scientific community
Refereed No
Date 2016
Publisher Edward Elgar
Place of Publication Cheltenham
Series Name Studies in TransAtlantic Business Ethics series
Page Range 47-71
Title of Book Ethical Innovation in Business and the Economy
ISBN 978-1-78471-996-8
Publisher DOI https://doi.org/10.4337/9781784719975
Depositing User Prof. Dr. Thomas Beschorner
Date Deposited 02 Nov 2015 15:22
Last Modified 02 Mar 2017 12:55
URI: https://www.alexandria.unisg.ch/publications/245131

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Beschorner, Thomas & Kolmar, Martin: Moral Capabilities and Institutional Innovation - An Extended Transaction Cost Approach. In Enderle, Georges & Murphy, Patrick E. (ed.): Ethical Innovation in Business and the Economy. Cheltenham : Edward Elgar, 2016, S. 47-71.

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https://www.alexandria.unisg.ch/id/eprint/245131
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