Ethics and Business

Ethics is the philosophical field which attempts to determine what is good, both for the individual and for the society as a whole. It is often defined as the science of morality. It is certainly a subject that is used in discussions about how we should live and the nature of right and wrong. The word ethics comes from the Greek word ethikos, which means “character” or “custom.” For the Greeks, it meant to be appropriate or customary way to behave in society. Ethics can be ideas, values, a way of thinking, or a view about moral issues. Study of ethics involves a wide range of topics, including different philosophies, systems, ideas or principles. Ten major Ethicists, from different cultures and time periods, and their ethical theories are introduced in this paper followed by a discussion of their relevance with today’s business.
Plato was one of the many philosophers known in history. He established the institution of most of western thinking in the areas of logic, ...