This interim report considers aspects of current company structure, its strengths and weaknesses, and looks at what companies are for and their responsibilities to those who rely on them for their well-being. It considers various approaches to meet particular concerns and explains why these do not address some of the underlying issues. It then outlines an alternative model, the Relational Company, its founding principles and characteristics. Finally, it describes a proposal for a charter which could be adopted by companies.the Relational Company, its founding principles and characteristics. Finally, it describes a proposal for a charter which could be adopted by companies.
Categories:
briefing
Tags: community, firm, global, individual
Since the onset of the financial crisis, there has been an increase in the number of people in London engaging in voluntary work – work that can be a way of practising and expressing austerity . Andrea Kelly, Coordinator of London Jesuit Volunteers, describes the often counter-cultural practice of volunteering.
Categories:
briefing
Tags: community, global, individual, moral
Morality matters for economic performance: G. Tabellini
http://voxeu.org/ Reported here by: SPMG, 3 August 2009
In numerous poor or stagnating countries, politicians are ineffective and corrupt, public goods are under-provided and public policies confer rents to privileged élites, law enforcement is inadequate, and moral hazard is widespread inside public and private organisations. There is not just one institutional failure. Typically, the countries or regions that fail in one dimension also fail in many other aspects of collective behaviour.
One of the main challenges of current research in economic growth and development is identifying the mechanism through which distant political and economic history shapes the functioning of current institutions. The author, a professor of economics at Bocconi University, claims that an important channel for this shaping is individuals’ morality (defined as individual values and convictions about the scope of application of norms of good conduct). It is an important factor in economic outcomes.
Categories:
briefing, commentary
Tags: community, firm, global, individual, macro, moral
Prophesy and progress in ethics: J. Moffatt SJ
http://www.thinkingfaith.org/ Reported here by: SPMG, 3 August 2009
What do we need to do in order to live a good life, and why should we want to do this? John Moffatt SJ looks at different approaches to developing an ethical framework, and examines the relationship of religion to various ethical traditions.
Categories:
briefing
Tags: community, firm, global, individual, money, moral
This not been a pure failure of markets: L. Balcerowicz
http://www.ft.com/ Reported here by: SPMG, 6 August 2009
There is a risk that empirically dubious but emotionally attractive interpretations of the financial crisis, which condemn markets and call for more statism, could gain ground.
Categories:
commentary
Tags: community, firm, global, macro
Continuing Presence Archbishop Romero: R. Cardenal SJ
http://www.thinkingfaith.org/ Reported here by: SPMG, 5 August 2009
Easter Monday 2009 marked the 28th anniversary of the martyrdom of Monseñor Oscar Romero, Archbishop of San Salvador, who once said, ‘as a Christian, I do not believe in death without resurrection. If they kill me I will rise again in the people of El Salvador.’ Rodolfo Cardenal SJ writes about the legacy of Archbishop Romero – very much alive in the Church today.
Categories:
briefing, commentary
Tags: community, global, individual, latin america, moral
A faith perspective on the economy: M. Rahim
http://www.thinkingfaith.org/ Reported here by: SPMG, 4 August 2009
…Today marks the anniversary of Black Tuesday, a crucial date on the timeline of the 1929 Wall Street Crash, and in similar times of financial uncertainty our attitudes towards the economy are under the spotlight. Makbul Rahim describes how religious ethics can inform economic pursuits, asking particularly how a religious perspective might view the economy as a tool for tackling climate change.
Categories:
briefing
Tags: community, global, individual, macro, moral
‘Economic Elephants’ and ‘Rainbow of Entitlement’: Salvation Army NZ
http://www.salvationarmy.org.nz/EconomicElephants
http://www.salvationarmy.org.nz/Rainbows Reported here by: SPMG, 4 August 2009
The Salvation Army NZ has released a thought-provoking discussion paper exploring consumerism and what we feel is rightly ours. It focuses on the concept of entitlement and the inherent dangers of framing entitlement in terms of our desires and inflated expectations. The Rainbow paper follows on from an earlier paper on Economic Elephants and the theology of enough.
Categories:
briefing, commentary
Tags: community, firm, global, individual, moral, new zealand
On Christian Hope: J. Corkery SJ.
http://www.thinkingfaith.org/ Reported here by: SPMG, 3 August 2009
The author, of Dublin’s Milltown Institute, analyses the message of the Pope’s 2007 encyclical, Spe Salvi, on Christian Hope.
Categories:
briefing, commentary
Tags: community, individual, moral