ARISTOTLE – VIRTUE ETHICS ESSAY

Timothy Pruss

QUESTION A:

How does one apply virtue ethics to business ethics?

When considering Aristotelian ethics and then placing them in the context of modern business practices, it is important to note that the Greek paradigm was very different to that of our own in the modernist age. Homer’s Greek myths, imminent wars and conflicts and empires were all important issues in Greek times, society however does not place such emphasis on these in today’s society. The concept of strong bonds in a community where individuals must dutifully care for one another is not integral in today’s society especially in a more capitalist society upon which the western world works and flourishes. Individuals in a community can live without the obligation of duty to others and without pride if they so wish. In light of this, it is worth noting that business practice and transaction in accordance with Aristotelian ethics would not be very common in the modern age.

Aristotelian ethics centred round the concept of improving one’ self – to quite literally make oneself more virtuous. To become more virtuous is to improve one’s soul – the soul for Aristotle is split into two halves, - the irrational soul which focuses around the human desires and the rational soul which centres on the intellectual virtues.   Aristotle argues virtue is not a quality that human beings are born with, nor is it hereditary; however Aristotle regards virtue as important as the care of the physical body.

That said however, Aristotelian ethics can well be applied to business ethics. The war and empire worldview of the Ancient Greek civilisation (because of constant threat from other empires such as the Turks and the Persians) could be compared with the ‘war-like’ attitude of certain corporations fuelled by the fierce competition offered by rival companies. Moreover, Aristotle’s ethics could be applied to the issue of the exploitation of workers which is can be sometimes seen in less economically developed countries where locals are ‘exploited’ by multi national corporations and are paid minimal amounts relative to the equivalent job in the country where the company is based (usually a developed country). This would offend Aristotle’s ethics because of the exploitation of humans. Aristotle’s moral virtue is based upon the idea of a state of character that allows us to operate as an effective and good human being. Hence, exploitation is not choosing the good and is not choosing well and furthermore, is not being virtuous. Aristotle would argue that appropriate business conduct would be to avoid excess, an excess of money being a good example. In the same way, a deficiency of money or trade for example would be equally negative. He would believe in his Doctrine of the Mean – where through reason and trial and error, an appropriate amount of money could be brought about as to not have either a deficiency or an excess. Furthermore, those businessmen who are not ‘prudent’ should emulate those who are and try to emulate them. Aristotle would argue that when we speak of ‘flourishing’ that we should have the drive to do what will benefit oneself and one’s character. Therefore, for Aristotle, by giving to charity and not exploiting workers in a business by underpaying them or providing them with poor working conditions, would benefit one’s character because the right choice has been made, and is one more step closer to virtue.

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Aristotle’s ethics when applied to business would result in a largely socialist society where individuals look out for others and share what they have with the surrounding community. The economy would be run by the community, for the community. There would be little self-serving business, as it would be a largely selfless economic structure. Aristotle’s word, ‘oikonomikos’ is used to show this household trading and community-based economy.  Chrematisike however, is trading for profit, and Aristotle did not approve of this as it promoted individualism and turned people away from the community and their path of virtue. Modern economist, Milton ...

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