Ethics as Part of a New Regulation Scheme - Global Trends and European Specificities
This paper analyses the development of economic and business ethics as an element of a new regulation scheme of the capitalist economy. It is argued that a more formal recourse to ethical justifications is becoming more indispensable due to a lesser relevance and/or efficiency of other mechanisms of social ‘embeddedness’ of the economic system. The paper will then also analyse the specific influence of the European process on this evolution, showing that the constitutive logic of this process tends to promote individualistic values and procedural norms.
Regulation, Embeddedness, Economic Change, European Unification Process
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