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- Title
Beneath the Surface: A Discussion of Prominent Ideologies and Philosophical Influences on Anglo-American Business Ethics.
- Authors
Jun, Hannah
- Abstract
This paper examines the economic rationalization and moral justification of capitalist systems in England and America between the 17必1 and 19出 centuries within the framework of modes of exchange. On the surface, there existed a shared sociopolitical outcome which legitimized personal wealth, individualism, and political liberty. But contrary to conventional understanding, early English and American socioeconomic underpinnings of the market economy created different, if not divergent, motivational bases among the state, aristocracy, and the masses. Specifically, the English landed gentry formed a leisure class that shaped a culture of "gentlemanly" capitalism and enjoyed conspicuous consumption, while early American capitalists championed labor and hard work in tandem with a marked Puritan ethic. Thus, even for seemingly similar modes of exchange, very different patterns of ethical justifications of business practices existed. This supports the broader hypothesis that the evolution of modes of exchange requires geographicallyand historically-specific moral or ethical justifications.
- Subjects
UNITED Kingdom; UNITED States; IDEOLOGY; RATIONALIZATION (Sociology); CAPITALISM; INDIVIDUALISM
- Publication
Korea Observer, 2014, Vol 45, Issue 3, p363
- ISSN
0023-3919
- Publication type
Article