The P&O debacle has become a touchstone for business ethics. Few would like to be in the shoes of Peter Hebblethwaite, the Chief Executive, who admitted in oral evidence to a joint sessions of the Transport and the Business, Energy and Industrial Strategy Committees, that he had broken the law on consultation with trade unions. […]
Some of the toughest and most complex challenges faced by businesses and corporations in today’s world involve ethics and morality. This is in part why the study of business ethics has now become central in MBA and other programmes. But the very complexity of these challenges, in an increasingly pluralized as well as globalized world, […]
CEME was delighted to co-host, in partnership with St Mary’s University and CCLA Investment Management, an in-person event on The Morality of Government Debt: insights from economics and Christian social thought. One economic consequence of the pandemic has been the accumulation of large amounts of public debt. This has huge ramifications and raises a wide […]
Terry Smith, chief executive of investment management company, Fundsmith, began his January 2022 letter to investors, ‘This is the twelfth annual letter to owners of the Fundsmith Equity Fund.’ Pretty routine stuff one might think. Except. Unilever was the second worse performing stock in the Fund. Smith did not hold back: “Unilever seems to be […]
The Wealth of Religions is an unusual book. It is subtitled, “The Political Economy of Believing and Belonging” and its authors, one an economist and the other a moral philosopher (who, as it happens, are married to one another), seek to present a multidisciplinary approach to issues at the interface between religion and economics. They […]
Charles Boix is Professor of Politics and Public Affairs at Princeton University. His primary research interests are in political economy and comparative politics, with a particular emphasis on empirical democratic theory. Previous notable publications include Political Parties, Growth and Equality (Cambridge University Press, 1998), Democracy and Redistribution (Cambridge University Press, 2003), and Political Order and […]
The authors argue that government debt raises serious moral questions — particularly around intergenerational justice — that Catholic social teaching has largely overlooked.
60 per cent of business leaders and, indeed, 75 per cent of leaders in larger businesses, think profit is incompatible with a society in which people are happy. Incompatible. The figure for the general public is just 37 per cent. Similar percentages of business leaders think business should be taxed more and executives are paid […]
Committed churchgoers – defined as those who attend weekly – have a considerably more positive view of business and the market economy than those who lead them and teach them. This is the result of polling conducted for the Centre for Enterprise, Markets and Ethics. Savanta ComRes polled six audiences between 10th May 2021 and […]
This was first published in The Article. The Article was proud to publish one of the most important pieces we have ever carried: a warning to the Bank of England from the economist Brian Griffiths that unless it acts now to curb inflation, the UK risks sinking into the mire of stagflation — as it did in […]
UK inflation is suddenly back with a vengeance. In an interview with the Financial Times, Huw Pill, the chief economist at the Bank of England (and my former colleague at Goldman Sachs) warns that the official rate of inflation may rise above five per cent early next year. This means that the retail price index could rise […]
