Critique on Economics Business Principles and Moral Sentiments Amartya Sen
“Economics, Business Principles and Moral Sentiments”: Amartya Sen Main points in brief § Discusses the relevance of moral sentiments in business principles § Rejects the notion that business principles are based on the sole and universal premise of profit maximization § Argues that business principles are more complex and involve various competing demands from conflicting goals and that moral ethics and sentiments are among multiple constraints – theory of multiple objectives § Business activities involve social interactions and therefore involve several cultural factors apart from the dominant economic need for profit maximization § Business transactions involve the complex realities of social contracts and cultural factors – e. ... settlement of wage dispute, business partnership etc.