Centesimus Annus: A critical Jewish perspective

The author reviews a series of deep affinities between the Catholic social teaching embodied in Pope John Paul II's recent encyclical,Centesimus Annus, and traditional Jewish teachings about economic justice. At the same time, the author maintains that from a Jewish perspective there is a disquieting feature to this recent papal letter. It presents twentieth century history in ways that mute or conceal the role some earlier papal teaching played in the rise of corporatist states, with their authoritarian regimes and xenophobic nationalism.Centesimus annus thus obscures the complex contribution Catholic social teaching made to the events leading up to the Holocaust of European Jewry.Ronald M. Green is the John Phillips Professor of Religion in the Department of Religion, Dartmouth College and Adjunct Professor of Business Ethics at Dartmouth's Amos Tuck School of Business Administration. The author of four books, Professor Green is currently working on a textbook in business ethics entitledThe Ethical Manager to be published by Macmillian.     

From command economy to market economy with a human face: The potential role of the stakeholder approach

This article questions the wisdom of the tendency to adopt managerial capitalism, in its purest form, as the only guiding principle of the new organizational philosophy now evolving in Eastern Europe. The article's main thesis is that following the demise of the command economy, the stakeholder approach can play a pivotal role in providing social legitimacy to organizations attempting to transform and revitalize in the newly created market economy in Eastern Europe. Rather than viewing maximization of profits to the stockholders as the enterprise's sole responsibility, this approach calls for a management strategy that matches the enterprise's “values” to the “values” of all its stakeholders optimizing, over the long-term, the net (social and economic) value added to society. © 1992 John Wiley & Sons, Inc.     

Bringing Back the Essence of the “S” and “R” to CSR: Understanding the Limitations of the Merchant Trade and the White Man’s Burden

One of the fundamental struggles in corporate social responsibility (CSR) is the uncertainty and inherent contradictions that stem from a company being an individual legal entity and a community of persons. The authors contend that CSR has departed from the essence of “social responsibility.” The paper is a commentary on CSR, presented as two frameworks rooted in individualism—The Merchant Trade (the strategic view of CSR) and The White Man’s Burden (self-righteous CSR heroism that assumes the shackles of responsibility normally offered by others). Both, however, contradict the essence of “social responsibility” pitting individual against community, business against society, and economic needs and realities versus ethical reflection. The authors present a model that advocates a more moderate and realistic approach to CSR that goes back to the essence of social responsibility.     

Culture and the limits of Catholicism: A Chinese response toCentesimus Annus

However much the Catholic Church may wish to free the peoples of the world from the excessive atheistic rationalism of the Englihtenment that has pitted science against religion, it is still in most other ways solidly on the side of modernity.Centesimus Annus endorses aform of democracy, akind of capitalism, asort of technological development, all of which are strongly undergirded by a resolute belief in human beings as rights-bearing individuals possessed of individual autonomy and a legitimate appetite for private property. The themes of liberal democracy, capitalist free enterprise, and the proliferation of rational technologies form the common focus of both the Enlightenment and Anti-Enlightenment sensibilities. From a Chinese perspective, these culturally alien themes are viewed with suspicion. The Chinese are increasingly troubled by the corrosive effects upon their culture and social fabric associated with and embedded in the modernizing impulse. But, for a variety of reasons, it certainly seems that China will have little choice but to accommodate modernity in some sense, whatever the risks. The serious question is: “Will China remainChinese under the conditions of modernization?”     

Four visions of e‐commerce in Latin America in the year 2010

Excitement is growing around the world about the Internet's potential to enable a global electronic commerce. The reality, however, differs a great deal depending on what part of the world we consider. In Latin America, the e‐commerce theme is often found in the popular press portraying it as a solution for multiple national problems and as a catalyst to propel the region to a stronger position in the world economy. Unfortunately, many of the “new” capabilities required to harness the economic benefit of e‐commerce, which emphasize value‐adding steps performed through and with information, are very scarce in the region. This article raises questions about Latin America's ability to exploit the Internet, and to implement and capitalize on e‐commerce applications. It underscores the region's need to engage in a future planning discourse about the adoption of e‐commerce within organizations, communities, and across traditional boundaries of competition and national borders. To start the dialogue, four scenarios are presented as “future snapshots” written from the vantage point of the year 2010. Each scenario considers issues regarding technological adoption and potential social responses, and discusses some of the critical assumptions about patterns observed in the region today and their implications for the future. © 2001 John Wiley & Sons, Inc.     

The meaning of the tindemans report

In INTERECONOMICS No. 3, 1976, we published an Interview with Professor Dr Walter Hallstein, former President of the EEC Commission, on the Belgian Prime Minister’s, Leo Tindemans’, “Report on the European Union”. Meanwhile the Report has been discussed on occasion of the last European Council meeting in Luxembourg whose unfortunate outcome pointed out in a dramatic way the weakness of the political will of the Community. In the following article the President of the Council, Gaston Thorn, explains his views of the significance of the so-called “Tindemans Report”.     

Religions's moral compass and a just economic order: Reflections on Pope John Paul II's encyclicalCentesimus Annus

The purpose of Pope John Paul's encyclicalCentesimus Annus (CA) is to propound the foundations of a just economic order and to sketch its essential characteristics. As such he essentially provides an orientation or moral compass for the political economy rather than a precise road map. This article first reviews the principal components of CA and then analyzes and evaluates its central contentions on both cultural and economic grounds.S. Prakash Sethi is a Professor of Management and Associate Director of the Center for Management, Baruch College, The City University of New York. He has published twenty books and over 130 articles in scholarly and professional journals in such diverse areas as business and public policy, corporate strategy, and international business.Paul Steidlmeier is associate professor at the School of Management of Binghamton University in the State University of New York system. He has written a number of articles in leading journals and has publishedPeople and Profits: The Ethics of Capitalism (Prentice Hall, 1992). Recent work has focused upon institutionalist aspects of Business and Society issues and problems of intellectual property and the social responsibility of business in developing countries (China).     

The Institutionalization of Fair Trade: More than Just a Degraded Form of Social Action

The context of economic globalization has contributed to the emergence of a new form of social action which has spread into the economic sphere in the form of the new social economic movements. The emblematic figure of this new generation of social movements is fair trade, which influences the economy towards political or social ends. Having emerged from multiple alternative trade practices, fair trade has gradually become institutionalized since the professionalization of World Shops, the arrival of fair trade products in the food industry, and the establishment of an official “fair trade” label. With the strength that this institutionalization has generated, fair trade can now be considered a real trade system that questions, as much as it renews, the traditional economic system. In parallel, this transformation has exacerbated the tensions within the movement, which can be characterized as a clash between a “radical, militant” pole and a “softer, more commercial” one. However, it is not the actual institutionalization of fair trade which is being debated among fair trade actors on either side of the fence, but rather the challenges inherent in finding an economic institutionalization acceptable to social economic movements. Therefore the institutionalization process of fair trade should not be seen as mere degradation of social action, but rather as typical of the institutionalization process of new social economic movements. If we need to worry about the highjacking and alteration of the fair trade movement by the dominant economic system, the opposite is no less likely, as new social economic movements contribute to an ethical restructuring of markets.     

Narratives of irony and failure in ethnographic work

Organizational ethnography is one of the most valued approaches to qualitative studies of organizations. Much attention has been given to the development of the research process, of which the researcher's identity is an integral part. However, we believe that the analysis of research failures has been much less developed in the discourse of ethnographic methods for the study of organizations. Therefore, we have explored some of the “slips” in ethnographic work, as described in accounts of fellow organizational anthropologists. As the study is qualitative, we have adopted a narrative research method. We have divided the “slips” (i.e., errors) into four categories important for the ethnographer's identity: (a) one's role; (b) one's project, (c) one's relation to “the Other”; and (d) the social context of the slip. Copyright © 2010 ASAC. Published by John Wiley & Sons, Ltd.     

‘Accountable creatures’: Scottish Presbyterianism,accountability and managerial capitalism

Max Weber's Protestant Ethic and the Spirit of Capitalism remains a seminal text for social theory and economic and social history. Weber suggests a general relationship between religious belief and economic action. We argue that only by examining the practices of individuals and institutions can we adequately address Weber's question. Specifically, we re-examine the role of the confessional diary and Church governance practices as forms of accountability. Accountability practices were central to Scottish Presbyterian churches and made an important contribution to the development of managerial capitalism. This article is both a response to and a development of Sam McKinstry and Y.Y. Ding's micro-history of Charles Cowan and the business practices of his family's papermaking firm.     

Web-based Chinese management (WCM)—Toward a new management paradigm for the next millennium?

This article develops a distinctive Chinese management model called “Web-based Chinese Management” (WCM). It is practiced in private family enterprises located in Mainland China's booming “noncommunist” business centers and in overseas Chinese firms. The model is thought to be highly effective due to its use of social capital, high degree of flexibility, and cost efficiency. However, given that it usually puts limits to the growth of the focal company, it is less effective in exploiting economies of scale in steady-state mass-production industries. With its emphasis on skill, experience, and action, it conforms to my definition of “art.” I propose WCM as a new management paradigm for the next millennium and think that it fits well into the prevailing zeitgeist of ever more interdependent networks. The framework can help international businessmen both to deal effectively with Chinese enterprises, as well as serve as “best practice” that can be emulated to master highly uncertain and complex environments. © 1999 John Wiley & Sons, Inc.     

Further insights into perceived value and consumer loyalty: A “Green” perspective

“Green consumption” is an increasingly important topic in today's society. The effect of the ecological value provided by traditionally non‐green products, such as automobiles, on their consumer's post‐purchase behavior, such as brand or model loyalty, requires further clarification. The present study provides qualitative and quantitative insights from car users on how the ecological aspect of consumption integrates into the link between perceived value and consumer loyalty intentions (value–loyalty link). In general, car usage is accompanied by perceived functional, economic, emotional, and social value. Perceived ecological value is shown to have a significant impact on these four value dimensions. The relevance of “green to have quality,” “green to save money,” “green to feel good,” and “green to be seen” in relation to loyalty intention is discussed. Results of a structural equation model and multigroup analysis provide the opportunity to derive both theoretical and applied implications. © 2011 Wiley Periodicals, Inc.     

Theory building in the entrepreneurship paradigm

Ever since Newton's Principia set mathematical models at the pinnacle of a scientific paradigm, scientists in all disciplines—not just the physical sciences—have striven to express their theories mathematically. In the social sciences, mathematical models are more often than not a little more than a Laplacian fantasy. Nevertheless, mathematics is being used more and more extensively by social scientists—none more so than economists and business researchers. This paper focuses on one area of social science, entrepreneurship, and examines the difficulties of trying to use mathematics to model entrepreneurship processes.The entrepreneurial process is a dynamic, discontinuous change of state. It involves numerous antecedent variables. It is extremely sensitive to initial conditions. To build an algorithm for a physical system with those characteristics would be daunting to the most gifted applied mathematician. But when you add the requirement that the entrepreneurial process is initiated by the volition of a unique human being, mathematical modeling may be impossible, because there is “an essential non-algorithmic aspect to conscious human action.” This article argues that today's most prominent mathematical representation of entrepreneurship, population ecology, falls far short of Penrose's specification for a “useful theory.”Some observers believe that the answer to entrepreneurship theory may be found in the chaos theory—a relatively new science that was popularized by Gleick in his book Chaos: Making a New Science. This article explores the chaotic zones of several algorithms that provide alluringly simple representations for the entrepreneurial process. One of them is the fundamental equation for population ecology theory. It shows how under some conditions that equation exhibits some wild, chaotic behavior that gives an observer the feel of entrepreneurship. But it is no more than a mathematical metaphor because the accuracy of the measurements that are needed to observe true scientific chaos in the entrepreneurial process are unattainable in practice.     

Asymmetric expectations: Cross-national coalitions in a Japanese transplant in Italy

This article is a study of the experience of a Japanese production unit transplanted to Italy. It employs the concepts of “Fordism” and “lean production” which are well known in industrial sociology and management studies. The article shows how the interplay of the owner's nationality with the local managerial and organizational characteristics of the firm resulted in a production and market crisis, and how following a series of cross-cultural misunderstandings, a new system of trust relations evolved permitting the firm's transition to lean production. © 1995 John Wiley & Sons, Inc.     

Consumer Interest Litigation: A Case Study of Nader v. Allegheny Airlines

The Nader case highlights the related problems of airline “overbooking” and passenger “no shows,” and raises the question of what public policy should be in this area. The paper analyzes the efficiency and equity aspects of Nader's attempt to eliminate overbooking. It also focuses attention on the interplay of litigation and regulation as instruments of economic policy change.     

Bevölkerungsstimmung als Indikator für das Wirtschaftswachstum

Established economic forecasts are generally based on complex econometric models which include a wide array of input variables. The Allensbach Institute, one of Germany's leading opinion poll institutes, poses a question at the end of each year asking Germans about their expectations for the coming year. Remarkably, the findings obtained in response to this so-called “New Year’s question” or the forecasts derived from the results bear a strong resemblance to the actual economic trends in Germany — and in part correlate even more closely with the actual economic growth rate than the forecasts published by the German Council of Economic Experts and the Joint Economic Forecasts issued by the leading German economic research institutes.     

Economic science and ethical neutrality II: The intransigence of evaluative concepts

This paper returns to a perennial controversy I examined in a previous paper in the Journal of Business Ethics (Vol. 2, 1983). Is economic theory an ethically neutral discipline or do its statements presuppose a commitment to moral values? Once again this issue is addressed via a case study of the neo-classical theory of rational choice. In the present paper I focus on behaviourist forms of “operationalist” attempts to short-circuit any argument that would seek to infer moral presuppositions from the use of evaluative discourse. In particular, I examine strategies that have sought to excise from economic theory the “mentalistic” vocabulary required to describe valuations per se. And I argue that such tactics are deficient since they i) impoverish the explanatory power of economic theory, (ii) fail to recover the normative usefulness of the theory of choice, and (iii) camouflage the continued presupposition of moral commitments within neo-classical theory.     

Islam,entrepreneurship, and embeddedness

This study centers on the premise that entrepreneurship is an embedded process. Although “the entrepreneur” is inherently an “individual,” entrepreneurship can never be fully disembedded from the more general social settings within which any business venture is situated. An Islamic‐based economic discursive framework should be cognizant of the different forms of sociality, spatiality, and community as well as the various norms, codes, and symbols that define society more generally. The work of Karl Polanyi on embeddedness is engaged and juxtaposed with Islam's understanding of the ideal mode of economic discursive practices. Islamic economic models and Polanyi are both critical of the corrosive effects of unbridled capitalism and individualism that ultimately lead to reification and exploitation. The conclusion recommends more small‐N case studies by researchers and entrepreneurial educational materials that emphasize the importance of networks and local embeddedness.     

Personal legitimising: A perspective of marketing management

This paper explains the basic social process of “personal legitimising” and illustrates its influence on marketing activity. Personal legitimising is the process by which individuals manipulate situations to suit their own agenda. The link between personal legitimising and an organisation's marketing activity was discovered using a grounded theory research strategy within a UK management consulting firm.

Personal legitimising has two groupings of behaviour, namely “obstructing existing marketing activity” and “driving new marketing activity”. Within the former are the categories of “stigmatising”, “pseudo endorsing” and “smokescreening”. The latter incorporates the categories of “latching on”, “self indulging” and “bragging”.

The paper has three parts. The first explains the basic social process of personal legitimising. The second shows how grounded theory methodology was used in this context. The third develops the possible contribution of personal legitimising to the understanding of marketing.     

Mercosur After Chavez

A redesigned “Tordesillas Line” is being drawn in Latin America that will divide “Atlantic” and “Pacific” nations. Atlantic nations are rapidly turning into protectionist nations plagued by heavy bureaucracy, heavy taxes, and an intervening and expanding state. Pacific nations, however, are embracing transparency and market‐driven policies, bringing a new dynamism to their economies. The legacy of Hugo Chavez (“Chavismo”) is capable of perpetuating Chavez's legacy in Mercosur, impregnating the trading bloc with a strong political and economic bias, further moving the trading bloc away from mainstream globalization forces. This article will elaborate on the main challenges and opportunities permeating Mercosur after Chavez. The recently created “Alliance of the Pacific” (AP) revives the economic agenda for Latin American trading blocs, and provides a comparison to Mercosur's agenda, impregnated with ideologies and political agendas. © 2014 Wiley Periodicals, Inc.