Value Economics - 9781349958986

Value EconomicsThe Ethical Implications of Value for New Economic Thinking\nAuthor(s): M. R. Griffiths, J. R. Lucas\nFormat: Paperback\nPublisher: Palgrave Macmillan, United Kingdom\nImprint: Palgrave Macmillan\nISBN-13: 9781349958986, 978-1349958986\nSynopsis\nThe last financial crisis revealed a gap between business practice and ethics. In Value Economics, Griffiths and Lucas examine some of the reasons for this ethical gap and discuss the resulting loss of confidence in the financial system. One of the reasons has been hazy or inadequate thinking about how we value economic enterprises. With the close link between the creation of value and business ethics in mind, this book proposes that economic value should become the basic metric for evaluating performance in the creation of value, and for establishing fair and reasonable standards for executive compensation. Value Economicsconsiders a number of rational philosophical principles for business management, on which practical codes?