Philosophy of business

Philosophy of business

The philosophy of business considers the fundamental principles that underlie the formation and operation of a business enterprise; the nature and purpose of a business, and the moral obligations that pertain to it. The subject is important to business and management, and is closely related to business ethics and political economy. It is influenced significantly by philosophy, ethics, and economic theory.

The "philosophy of business" is different from "business philosophy". Business philosophy denotes a way of doing business or a business outlook, instead of the more academic philosophical meaning of philosophy of business".


  • See also 1
  • Sources 2
    • References 2.1
  • External links 3

See also



  • Drucker, P. (1954) The Practice of Management, HarperBusiness, Reissue edition 1993, ISBN 0-88730-613-6
  • Fort, Timothy (2001) Ethics and Governance: Business as Mediating Institution, Oxford University Press USA, New York.
  • Friedman, M (1962) Capitalism and Freedom, University of Chicago Press, Chicago, 1962
  • Hutcheson, F. (1729) An Inquiry Concerning Morall Good and Evil, 1729.
  • Kalin, J. (1968) "In defence of egoism", in Morality and Rational Self-interest, edited by David Gauthier, Prentice Hall, New York, 1970.
  • Mandeville, B. (1715) The Fable of the Bees.
  • Rawls, J. (1971) A Theory of Justice, Harvard University Press, Cambridge Massachusetts 1971.
  • Shaftsebury L. (1710) Enquiry Concerning Virtue.
  • Smith, A. (1759) The Theory of Moral Sentiments, in Adam Smiths Moral and Political Philosophy, edited by H. Schneider, Harper, New York, 1948 and 1970.
  • Strasnick, T. (1981) "Neo-utilitarian Ethics and the Ordinal Representation Assumption", in Philosophy in economics, edited by J. Pitt, Reidel Publishing, 1981.

External links

  • Filoempresa, edited by Godofredo Chillida & Gabriela Berti
  • Peter Drucker's web site
  • The journal "Philosophy for Business" edited by Geoffrey Klempner
  • The journal "Philosophy of Management" founded by Nigel Laurie and edited by Paul Griseri (Managing Editor), Mark Dibben, Ed Freeeman and Frits Schipper