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1. Spiritual Goods: Faith Traditions and the Practice of Business: Spiritual Goods: Faith Traditions and the Practice of Business
Ronald M. Green Guiding Principles of Jewish Ethics
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This discussion develops six of the most important guiding principles of classical Jewish business ethics and illustrates their application to a complex recent case of product liability. These principles are: (1) the legitimacy of business activity and profit; (2) the divine origin and ordination of wealth (and hence the limits and obligations of human ownership); (3) the preeminent position in decision making given to the protection and preservation (sanctity) of human life; (4) the protection of consumers from commercial harm; (5) the avoidance of fraud and misrepresentation in sales transactions; and (6)the moral requirement to go beyond the letter of the law. Although these Talmudic principles are clearly obligatory only for "Torah-obedient" Orthodox and Hasidic Jews, many Jews share a sensibility informed by them. Non-Jews, too, may be instructed by Jewish teachings about business ethics.
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Catholicism
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Stewart W. Herman, Arthur Gross Schaefer Introduction
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This introduction a) presents organized religion as a source of "spiritual goods" and briefly summarizes each of the seventeen tradition-centeredarticles; b) explains why organized religion merits the attention of business ethics; c) categorizes the articles according to rubrics useful for teaching and research; d) further explains the value of these essays to academic researchers, business practitioners, and spiritual seekers.
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Protestantism: Mennonites
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Dennis P. McCann Catholic Social Teaching in an Era of Downsizing: A Resource for Business Ethics
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The paper attempts to provide a basis for exploring the continued relevance of Catholic social teaching to business ethics, by interpreting the historic development of a Catholic work ethic and the traditions of Catholic social teaching in light of contemporary discussions of economic globalization, notably those of Robert Reich and Peter Drucker. The paper argues that the Catholic work ethic and the Church's tradition of social teaching has evolved dynamically in response to the structural changes involved in the history of modern economic development, and thus is well poised to speak to the ethical challenges implicit in the advent of a knowledge-based society. In order to test this thesis, the author sketches an approach to the ethicalchallenge of corporate downsizing that he believes illustrates the continued relevance of Catholic social teaching to business ethics.
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Stewart W. Herman From the Truly Real to Spiritual Wisdom: Religious Perspectives on Business Practice
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This essay sketches a method for identifying the insights that diverse religious traditions offer to the field of business ethics. Each article in this volume asserts or assumes faith-based claims about what is "truly real" as the ground of moral aspiration and obligation. Four distinct kinds of claims yield four kinds of wisdom, that is, moral guidance for business practice. 1) In Judaism and Islam, scriptural commands, as interpreted authoritatively down through these traditions, yield precise methods for rendering specific moral judgments; in Roman Catholicism, similar guidance is provided through natural law. 2) In Buddhism, Judaism, and most of the surveyed Christian traditions, the values of compassion, love, and justice provide spiritual resources to counter pressures towards immoral behavior in business. 3) The African-American and Mennonite churches interpret their particular histories of oppression to offer distinctive models of fortitude and hope. 4) In Evangelical Calvinism, Mormonism, and Roman Catholic social teaching, convictions about God's redemptive and sanctifying activity offer a robust moral vision for successful striving.
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Contributors
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Abdulaziz Sachedina The Issue of Riba in Islamic Faith and Law
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With the growth of Muslim economies, both at the national and international levels, the issue of riba (interest, usury) poses great difficulties. The charging or receiving of riba has been forbidden in Islam, which presents a major problem to financial institutions that charge interest. Muslim legal scholars belonging to all schools of legal thought have reinterpreted scriptural sources to accommodate drastic economic changes; practical considerations have forced Muslim groups, both of Sunni and Shi'ite persuasion, to justify interest-based banking and other institutions of finance. As a matter of religion, the status of interest is far from resolved. However, within the legal tradition, there are ethical principles like maslahah (public good) and la darar wa la dirar (no harm, no harassment) that will determine the future direction of a Muslim search for a morally responsible economy.
9. Spiritual Goods: Faith Traditions and the Practice of Business: Spiritual Goods: Faith Traditions and the Practice of Business
Elliot N. Dorff Judaism, Business, and Privacy
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This article first describes some of the chief contrasts between Judaism and American secularism in their underlying convictions about the business environment and the expectations that all involved in business can have of each other-namely, duties vs. rights, communitarianism vs. individualism, and ties to God and to the environment based on our inherent status as God's creatures rather than on our pragmatic choice. Conservative Judaism's methodology for plumbing the Jewish tradition for guidance is described and contrasted to those of Orthodox and Reform Judaism.One example of how Conservative Judaism can inform us on a current matter is developed at some length-namely, privacy in the workplace. That section discusses (1) the reasons for protecting privacy; (2) protection from intrusion, including employer spying; (3) protection from disclosure of that intended to remain private; (4) individualistic vs. communitarian approaches to grounding the concern for privacy; and (5) contemporary implications for insuring privacy in business.
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Judith White Interdependence: The Core of a Buddhist Perspective on Business Ethics
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This paper applies central concepts found in Buddhism--interdependence, small ego, karma, suffering from desire and aversion, and non-harming--to current issues in business ethics and social responsibility. Despite their contrast with Western ethical principles, these Buddhist concepts address ethical problems found in Western business practice: hyperindividualism, greed, exploitation, and deception. The key is finding a middle ground between East and West.
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Mormonism
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Protestantism: Evangelicals
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Laurie Zoloth Her Work Sings Her Praise: A Framework for a Feminist Jewish Ethic of Economic Life
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Jewish ethics provides resources not only for exotic cases, but also for the practical necessities of everyday business practice, such as sustaining non-profit health care. Non-profit health care presents tough choices for justice because it is motivated by community compassion but must meet the pressures of the marketplace. Feminist ethics offers an "ethics of care" to guide our actions in such conflicts. This article argues that an ethics derived from both ferrlinism and Jewish sources calls for a different approach, one which is rooted in the history of business practice, in the history of women's leadership in this health care, and in the Jewish legal teaching (halacha) that seeks a balance between competing moral appeals in the marketplace.
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Eastern Orthodoxy
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Bodhipaksa Reinventing the Wheel: A Buddhist Approach to Ethical Work
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The key to Buddhist business practice is "Right Livelihood," or work that is founded on Buddhist ethical values and that contributes to spiritual development. This essay focuses on Windhorse Trading, a company based in the United Kingdom that was consciously established as a Right Livelihood business within the Friends of the Western Buddhist Order. The essay explores how the company dealt with a conflict that arose when a period of rapid expansion began to undermine the effectiveness of the workplace as a context for spiritual practice. I ask whether a business founded on Buddhist principles can be financially viable in the modern marketplace, and conclude that Windhorse's crisis resulted from a failure to adapt to rapid growth, rather than from an inherent flaw in the conception of a financially and spiritually successful business.
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Acknowledgments
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Barbara Hilkert Andolsen Roman Catholic Tradition and Ritual and Business Ethics: A Feminist Perspective
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Clerical workers are an important segment of the work force. Catholic social teachings and eucharistic practice shed useful moral light on the increase in contingent work arrangements among clerical workers. The venerable concept of "the universal destination of the goods of creation" and a newer understanding of technology as "a shared workbench" illuminate the importance of good jobs for clerical workers. However, in order to apply Catholic social teachings to issues concerning clerical work as women's work, sexist elements in traditional Catholic social teachings must be critically assessed. Participation in the Eucharist helps shape a moral stance of inclusivity and sensitivity to forms of social marginalization. While actual practice fails fully to embody gender or racial inclusivity, participation in the inclusive table fellowship of the Eucharist should make business leaders question treating contingent workers as a peripheral work force.
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James Halteman A Mennonite Approach to Business Ethics
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Mennonites in the U.S. trace their roots back to the early sixteenth century Anabaptist reformers in Europe. Believing that the church is to give a foretaste of the coming kingdom of God, Mennonites emphasize discipleship, community, and the conviction that God works in the world through two distinct kingdoms. In the early days of persecution, the divide between the two kingdoms was clear, but, as Mennonites became mainstreamed in a tolerant society, the divide between secular and sacred became ambiguous. Mennonites believe that faith calls them to a higher ethical standard in business than they can expect of society at large: to be in the business world but not of it. Discipleship means witnessing to the non-Christian world. Consequently, Mennonite businesspersons seek to be servant-managers and servant-owners.
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Jamal A. Badawi Islamic Business Ethics
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This essay focuses on the normative teachings of Islam. Justice, honesty, and public welfare are the pillars of Islamic business ethics. These values have two major roots: (1) belief in and devotion to Allah (God), and (2) the earthly trusteeship that grounds moral accountability. The business values of productivity, hard work, and excellence are encouraged. However, at the heart of various injunctions relating to business transactions are the imperatives of lawfulness, honesty, and fair play. Products or services must be lawful, and produced in lawful ways causing no undue harm to others or to the environment. Competition, distribution, and consumption must be lawful as well. Lawful behavior is enforced by consciousness of Allah, supportive social norms, and government control. Islamic norms may not be uniformly or strictly followed, yet they provide a helpful background to practitioners andresearchers.
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James M. Childs, Jr. Lutheran Perspectives on Ethical Business in an Age of Downsizing
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Fundamental theological and ethical themes of Luther's thought and tradition provide a basis for appreciating both the role of business in God's providential design and the importance of occupation for living out one's Christian vocation. These same insights establish the ethical basis for a critical appraisal of the current practice of downsizing and its negative impact on the quality of individual lives and whole communities. While Lutheran ethics is realistic about the ambiguities of life, it is also an ethic of compassionate love seeking justice in the world of business as in all of life.