The core of business ethics literature is based upon the stakeholder theory of the firm. The normative function of this theory is to internalise the concept of social responsibility into the definition of the firm (the firm as a social contract) and into the managerial practice (participative management, social and ethical audit). But why should we introduce this business ethics approach into the field of the non-profit sector, which by its origin and mission has already a strong social dimension? Is (...) there a genuine dilemma of social responsibility in non-profjt institutions? The first part of the paper will give a more theoretical answer to this question. The second part will illustrate the relevance of the business ethics approach by presenting an empirical application of the stakeholer theory in the Belgian-Flemish non-profit sector. (shrink)

This book brings together a number of important essays on the intersection of servant leadership and social entrepreneurship, examining them through a shared focus on ‘the will to serve’. This combination bears out the insight that inspiring social and economic leaders are able to transform a conflictual human settlement into a collaborative and caring human community. The book seeks to answer the question of whether we can induce from their ‘way of doing things’ a model of civic entrepreneurship and leadership (...) that can inspire people in profit, non-profit and public organizations. It also examines the extent to which the will to serve is compatible with the will to maximize profit or the will to gain economic, political or religious power. Furthermore, it asks how far different spiritual traditions create different models and examples of servant leadership and social entrepreneurship. This book will be of interest to researchers working in the fields of business ethics, business spirituality and corporate social responsibility. (shrink)

The aim of the paper is twofold. On a methodological level we explore the way classic literary texts can be used as a resource for analysis and reflection in the field of business ethics. On the level of substance we use the story of the Grand Inquisitor to analyze the problem of hypocrisy in business ethics and leadership. To overcome the problem of hypocrisy we look for some clues in the work of Dostoyevsky himself.

One cannot really speak of a school of personalistic economists. Moreover, there is a wide gulf between the economic philosophy of the personalists and the mathematical context of economic science. Since the thirties, philosophers such as Alexandre Marc, Jacques Maritain, Emmanuel Mounier and many others have been searching, on the basis of a personalistic view of man, for a `third way' between individualistic capitalism and statist socialism , but there was seldom interest from the side of the scientific economists.Fortunately, there (...) are some notable exceptions. François Perroux, Kenneth Boulding, Ernst Schumacher, Serge Christophe Kolm, and Amartya Sen are economists who, in various ways, have attempted to bridge the gulf between the personalistic view of man and economic rationality. By carrying out an immanent critique of some of the standard economic assumptions, they opened a path for a normative economics that was clearly distinct from a purely positive economics as well as from Pareto's welfare economics. One can affix various labels to these attempts: humanistic economics , socio-economics , moral economics . In what follows, I shall interpret these attempts as initiatives in the direction of a personalistic economics. I would also situate the current research in `economics and ethics', which is becoming part of the mainstream of economic thought, and which has received official recognition with the recent Nobel prize award to Sen, within this tendency towards a more personalistic economics.Attention to moral feelings, human rights, altruistic motives, justice and solidarity, non-profit organizations, etc., contribute to situating the economic problem in a field where economics, politics and ethics no longer function as three distinct domains but where their interaction is central.Yet does this interactive economics fit into a personalistic way of thinking? Is a generalized system theory not more attractive? System theory has a different focus than personalistic economics. System theory considers the axioms of system equilibrium and sustainable growth as the ultimate horizon, whereas a personalist sees them as merely important conditions for a good society and economy. However refined it may be, system theory views the person from an external point of view, while the personalist refers to the internal experience of human freedom and meaning as something that transcends and regulates the system's functionality.One could object that neo-classical economists do not use system theory as their point of departure. In their eyes, system equilibrium is the result of the utility-maximizing behaviour of individuals. These individuals subjectively determine what their preferences are and then act accordingly. Is this openness for a free, utility-maximizing actor — where there is room for both material and immaterial, egoistic and altruistic preferences — not sufficient to speak of a personalistic economics ? If this were true, then the discourse of personalism would be more or less superfluous.I take the term `personalistic economics' to refer to a normative economics that does not simply reconstruct the problem of efficient allocation as an individual or social problem of utility, but in the first instance as a problem of human dignity and social justice. To reduce the problem of human choice to a problem of subjective utility is in itself a far-reaching normative standpoint. As soon as one realizes this, there is no reason to exclude other normative assumptions, such as personalistic ones. (shrink)

This contribution aims at reactivating the charming idea of ‘angelic economics’ launched in a reflective note by Laszlo Zsolnai in 2015. In the first section we explore the role of angels in theology and arts and focus on the Annunciation as a paradigmatic scene to understand their meaning. The second section deals with the enigmatic presence of future generations who do not exist but, on the other hand, have a moral voice and a moral impact. Can we consider angels as (...) representatives of future generations? The third section distinguishes three models of exploring the future: scientific prediction models utopian and dystopian blueprints and spiritual methods of representing the future. The main point in this section is: to what extent do these models give space to the voice of future generations? (shrink)

This volume celebrates the work of Laszlo Zsolnai, a leading researcher and scholar in the field of the ethical and spiritual aspects of economic life, who has made significant contributions to the connection between ethics, spirituality, aesthetics and economic theory. The book offers a selection of essays concerned with the ethical, spiritual and aesthetic context within which economics as a social studies discipline should be situated in order to avoid the sort of dehumanising consequences that theories based on utility maximisation (...) and rational choice necessarily entail. It presents the economic activities of human beings not as some sort of preordained obedience to universal laws that operate independently of other human concerns, but, rather, as a part of the human desire for the Aristotelian good life. It looks at the various considerations –moral, spiritual and aesthetic – that take part in the formation of economic decisions in sharp contrast with theories that purport to explain economic phenomena solely on the basis of utility maximisation. (shrink)

Caring can be viewed as a set of specific activities and relations in the context of health care, social solidarity and interpersonal relations. On the other hand, caring can also be considered as a general attitude and structure of all our activities. Martin Heidegger developed an ontological analysis of “Sorge” as the foundational structure of our being in the world. The paper explains Heidegger’s concept of “Sorge” and confronts it with the criticism of Emmanuel Levinas who formulates an alternative view (...) on caring as responsibility for the vulnerability of the other. Vulnerability is a key notion to understand caring as an ethical and non paternalistic relation to all beings. The paper applies the notions of caring and vulnerability to the sphere of economics. It distinguishes between caring as philanthropy and caring as relational economy. Today, civil economy is represented in different types of cooperative entrepreneurship, but its potential is not restricted to specific juridical forms of cooperation. All types of entrepreneurship based on trust and cooperation imply a logic of caring that precedes and corrects the logic of profit maximization. (shrink)

Overtuigd dat de zorg voor de overlevingskansen van toekomstige generaties en van kwetsbare gebieden op onze planeet helemaal bovenaan op de agenda hoort, haalt Luk Bouckaert het ecopersonalisme vanonder het stof. Hij geeft het opnieuw een gezicht en een agenda. In zijn warm pleidooi nodigt hij niet alleen uit om de overstap te maken van 'ego' naar 'eco', maar maakt hij ook duidelijk dat in geen enkel denken de ecologische kwetsbaarheid mag ontbreken."--Back cover.

Places have very different faces. My place can be the home where I live, the country where I was born, the town where I work, the garden I cultivate, the continent of our shared past or even the cosmos as a whole. If we look at the history of modern economic thought, land as a scarce resource has played an important role. For the school of Physiocrats in the eighteenth century, land was the main if not the only source of (...) value creation. With modern industrialization and the rise of classical economics labor became the creator and measure of monetary worth. Later on, neoclassical economists considered utility (pleasure, happiness) as the measure of value creation and price formation.In today’s economics ‘place’ only becomes relevant when it is perceived as a scarce good. An economist is not interested in the uniqueness of a specific locale, nor in its memories and stories. The laws of economics apply to every place and hence to no specific place. Space and place are considered factors in a production function or elements of consumption and entertainment. From the moment scarcity arises, opportunity cost, competition and price formation and regulation become part of the game. When, e.g., the oceans become the subject of intensive human exploitation and competition, they need political and economic regulation. All these features can be subsumed under the umbrella of ‘economics of place’. However, by place-based economics we mean something altogether different. While the economics of place primarily envisage place as an instrumental good used for the maximization of human utility, the proposed alternative views place as an existential good that creates meaning and identity for people.In a first section I will now explore the existential meaning of ‘place’ starting from Martin Heidegger’s definition of the human being as Da-sein which means literally being-there, being rooted in a specific place. In the second section I will reconstruct a well-known theorem in economics called the tragedy of the commons. It explains how places can be degraded from communal property where relations matter to instrumental goods for individual profit maximization. The third section revisits the first theoretical model of place-based economics in Western philosophy developed by Aristotle in the fourth century BC. It is fascinating to see how this Aristotelian model of oiko-nomia gradually lost its grip in subsequent centuries. In the last section I reflect on some proposals of E.F. Schumacher to recontextualize the Aristotelian model of place-based economics. (shrink)

In the Thirties, European personalism was an inspirational philosophical movement, with its birthplace in France, but with proponents and sympathizers in many other countries as well. Following the Second World War, Christian-Democratic politicians translated personalistic ideas into a political doctrine. Sometimes they still refer to personalism, but most often this reference is little more than a nostalgic salute. In the mainstream of Anglo-Saxon political philosophy, there are practically no references to personalistic philosophers. Is personalism exhausted as a philosophy or political (...) ideology? Yes and no. Paul Ricoeur, writing in Esprit , summed up the situation like this: “personalism is dead”, but he was careful to mention a “return of the person”. Indeed, no tradition or movement can simply perpetuate itself. It must, in order to continue making history, always abolish itself as a `system' so as to make room for the unsaid and the unthought in its tradition, an idea that Mounier also fervently believed in.To better situate the current discussion of personalism, however, it is necessary to look back to the original characteristics of personalism in the Thirties. As a response to the crisis provoked by the economic depression, failing democracy and existential uncertainty, there arose in France a number of `non-conformist movements' who labelled themselves personalistic. They did not constitute a unified movement with a commonly shared theory. It was rather a collection of `personalisms'. The article by the historian Christian Roy about the ecological personalism of Bernard Charbonneau and Jacques Ellul sheds interesting light on the multiple origins of French personalism, which is all too easily identified with the work of Maritain and Mounier alone. The work of Jacques Maritain, and the network of writers and artists surrounding him, undoubtedly remains a significant historical reference point when speaking of personalism.Another group was formed around Alexandre Marc who, along with Raymond Aron, Arnaud Dandieu, Daniel-Rops and Denis de Rougemont, kept the journal Ordre Nouveau alive for five years . They elaborated the idea of federalism as a way out of liberalism and totalitarianism. The most important and durable group, however, was formed by the movement and journal Esprit, founded in 1932 by Emmanuel Mounier and George Izard. In order to stress the historical importance of Esprit, we are including here a testimony from 1982, written by Paulette Mounier, the founder's wife, in which she looks back on 50 years of Esprit. After the war, some new and related groups formed, such as Economy and Humanism around Louis-Joseph Lebret. An historical survey of the dissemination of personalistic centres and movements, not only in France but over all of Europe, would be material for a stimulating historical research project. In this issue, there will also be mention of, among others, the Prague personalism of Jan Patocka and Vaclav Havel, the Leuven personalism of Louis Janssens, and the Polish personalism of Tadeusz Mazowiecki and others. But this list is far from exhaustive.What unites these various branches of the personalistic tree? It is a certain conception — or better perhaps: a certain attitude to the human person. Personalists were not seeking in the first instance a new academic theory about the person, but rather a practical philosophy of engagement. In the Thirties, quite a few personalists finished their university studies and chose not for an academic career but for non-conformist, demanding and vulnerable commitments with limited financial means. What motivated them? Primarily a strong sense that the time in which they were living was a turning point, one which was being ignored by the academic world. They interpreted the diverse economic, political and cultural crisis phenomena as symptoms of a more global crisis of civilization which demanded a response through radical change.Hence a certain rhetoric of a `new order', `spiritual revolution', `radical reform' and `rebirth'. But the rhetoric was supported by innovative ideas regarding political federalism, the third way economy and human alienation. The motivation for all this derived from a strong commitment to defend the concrete human person against the arrogance of systems, bureaucracies and ideologies, while at the same time avoiding the pitfalls of individualism — the reason why some personalists always qualified personalism as `communitarian'.In fact, much of what presents itself as communitarian philosophy today is a retrieval of personalistic themes from the Thirties applied to the current situation, a situation which is also interpreted by communitarians as a global cultural crisis. One should not forget, however, that alongside and sometimes opposed to the communitarian theme with its call to bring people back to their communitarian roots, personalists underscored the priority of metaphysics over politics, a theme that can likewise be found in the writings of personalistic dissidents in Eastern Europe. In the words of Mounier in Qu'est-ce que le personnalisme : “personalism combines faith in a certain human absolute with a progressive historical experience”.To what extent is personalistic thinking still relevant today? Its current relevance will be examined in three ways. In the first section, a number of articles are presented which illustrate the active presence of personalistic thought in the domains of politics and applied ethics. Vaclav Havel sent one of his recent addresses in which he links the theme of human rights with that of a world spirituality. His article is preceded by an introduction by Guido Van Heeswijck, situating Prague personalism.The need for an orientational philosophy of the person is not only manifest today in the political arena. Developments in economics, ecology, health care, the media, technology and in the world of the professions have had an extraordinarily large impact on the human person's lifeworld. The whole area of applied ethics requires a dynamic and orientational concept of the person. The contributions by Paul Schotsmans and Luk Bouckaert are seeking a personalistic point of departure for applied ethics. The more historical article by Christian Roy on ecological personalism has been included in the first section because it can be inspiring for an environmental ethics.The second section is more philosophical. To what extent does the `personalistic' conception of the person put forward in the Thirties still have any relevance today, following the waves of structuralism, post-structuralism and postmodernism? Paul Ricoeur's article, Approaching the Human Person — originally published in Esprit in 1990 and now translated for the first time — can be seen as a reference text. Ricoeur shows in what sense the concept of the person must be broadened in order to continue functioning. The person as `narrative identity' can only write history through the medium of language and institutions. Starting from very different assumptions, the articles by Louis Janssens & Joseph Selling and the analysis of Roland Breeur also explore the idea that a person is what he is only when his identity is opened up, touched by an exteriority or conceived as a focal point . It is this radical openness and vulnerability that gives the person its historical and transcendent dynamic, and prevents us from encapsulating it in existing systems, theories and power relations. The connection with Emmanuel Levinas and his hermeneutic of the idea of the infinite is an obvious one to draw.The third section contains a historical survey in which a number of active `personalistic' centres and journals are presented.Various European centres that appeal explicitly to some form of personalistic thinking were posed the following questions: What is the main historical reference to personalism at your centre? and How do you implement, today, a personalist credo in your work? John Dick organized the responses to these questions under a number of headings. This survey aims to provide not so much an exhaustive but a representative picture of the ways in which European personalism lives on as a mosaic of centres engaged in everyday history. (shrink)

The Liber Amicorum in honour of Professor Laszlo Zsolnai’s 60th birthday expresses a deep feeling of gratitude towards a colleague, who is a pioneering academic in the field of business and economic ethics. In the introductory chapter you will find an overview of his philosophy, career and publications. What binds together his work and life is a spiritual humanism inspired by Buddhist, Christian and eco-philosophical sources. His disinterested way of ‘doing things’ explains the circle of friendship around his person and (...) work. (shrink)

Frugality refers on the one hand to a spiritual attitude of detachment and asceticism which renounces self-interest and directs the gaze to higher things; on the other hand, it also refers to a number of social and economic problems related to the responsible use of resources in order to bring about sustainable development and well-being. Before examining frugality as a spiritual and economic good, I will consider the following question: what does spirituality itself mean and to what extent could we (...) consider it to be a public good? The question is pertinent for two reasons: firstly, because there is a growing interest in spirituality in society; secondly, this interest is recognized but at the same time reduced to a purely private matter, thus requiring no public concern and protection.In the first part of this paper I will examine the more general questions concerning spirituality. In the second part I reflect on frugality as a way of life and a public good. The underlying concern in all these exploratory reflections is the complex relationship between spirituality and rationality. (shrink)