20 May 2006
WHAT IS THE PURPOSE OF BUSINESS?
What is the purpose of the economy? Is it simply to provide opportunities for people to make money? Or is the purpose of an economy to make adequate provision for society, to provide a just and sustainable standard of living for a community?
These questions were posed in a recent article by Neil Ormerod which appeared in the Good Business Newsletter a product of the Edmund Rice Business Ethics Initiative in Sydney.
The article goes on to suggest that confusing the purpose of the economy with the motivation of investors, places the whole economic system at risk.
It also points out that Catholic social teaching in this area is clear. "A theory that makes profit the exclusive norm and ultimate end of economic activity is morally unacceptable. The disordered desire for money cannot but produce perverse effects. It is one of the causes of the many conflicts which disturb the social order" (Catechism of the Catholic Church, #2424
These questions were posed in a recent article by Neil Ormerod which appeared in the Good Business Newsletter a product of the Edmund Rice Business Ethics Initiative in Sydney.
The article goes on to suggest that confusing the purpose of the economy with the motivation of investors, places the whole economic system at risk.
It also points out that Catholic social teaching in this area is clear. "A theory that makes profit the exclusive norm and ultimate end of economic activity is morally unacceptable. The disordered desire for money cannot but produce perverse effects. It is one of the causes of the many conflicts which disturb the social order" (Catechism of the Catholic Church, #2424
Comments:
Post a Comment
