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Ethical Problems of the Economy: Enron, Subprime & Co. – From Crisis to Crisis

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Abstract

The following chapter should give you an impression of current ethical problems in the economy. As we have seen unmoral aspiration for enrichment of managers was common in all crisis. People are influenced in their behavior by their view of the world. Ideas and attitudes, or moral values, must be shown by example and included in education. Bad examples can ruin common decency as much as it can be dangerous to continually preach thinking in models and maximizing benefit as the only reasonable, rational behavior. The consequence will be that people orient themselves on these behavioral maxims and repress their positive human characteristics such as sympathy, helpfulness, general willingness to sacrifice and selflessness. Management education in particular must ask itself if it did not indirectly create monster managers; business ethics receives too little attention.

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Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  1. 1.University of Applied ScienceHochschule für Technik und Wirtschaft des SaarlandesSaarbrückenGermany

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