IWE-HSG | Institute for Business Ethics

Exploring the Normative Facets of Economy, Business and Society

Economics revolves around questions of good economics, which are ultimately questions of good actions and good rules. While it is important to understand how the economy functions, this alone is insufficient for most individuals, organizations, or states. In addition to a comprehensive understanding of the "how," we also need normative judgments that fall within the realm of philosophy and ethics. Business ethics operates at the intersection of ethics and economics and addresses a wide range of topics. These include the justification of ethical norms, the mechanisms for implementing and complying with ethical norms in economic and organizational contexts, and the exploration of people's "moral gut feelings" in various cultural settings.