Vices and Virtues Revisited

  • Karl G. Jechoutek
Part of the Humanism in Business Series book series (HUBUS)


Virtue in participating in a market economy is defined as the optimum mean, both extremes of a deficit and an excess of virtue are defined as vice in the Aristotelian tradition. The seven cardinal virtues, properly calibrated, are the key to the behaviour in commercial transactions. An oscillation between degrees of virtue and vice is necessary to combine self-interest with an interest in the public good.


Virtues and vices Market virtues Business virtues Pragmatic religious ethics 

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Karl G. Jechoutek
    • 1
  1. 1.Independent ScholarBadenAustria

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