Rethinking Leadership

Chapter 4

The economic perspective

When presenting the economic perspective in the introductory chapter, two points were raised: one was whether the economic model of capitalism promotes moral behavior or not. This has been covered. The other aspect was how moral behavior impacts a leader’s environment – which for a business leader is the markets. This raises the question of whether the way in which markets work generates a regime or regimes for moral behavior. This brings the essence of the market economy system to human centered management theory. The market-based approaches to business ethics will be dealt with in the following section, and from there the reverse issue will be examined, that is, the impact that moral behavior can generate ...