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The Challenges of Capitalism for Virtue Ethics and the Common Good

The Challenges of Capitalism for Virtue Ethics and the Common Good

Interdisciplinary Perspectives

Edited by Kleio Akrivou and Alejo José G Sison

The evolution of modern capitalist society is increasingly being marked by an undeniable and consistent tension between pure economic and ethical ways of valuing and acting. This book is a collaborative and cross-disciplinary contribution that challenges the assumptions of capitalist business and society. It ultimately reflects on how to restore benevolence, collaboration, wisdom and various forms of virtuous deliberation amongst all those who take part in the common good, drawing inspiration from European history and continental philosophical traditions on virtue.


Kleio Akrivou

Subjects: business and management, business ethics and trust, business leadership, corporate social responsibility


This volume is a collaborative and cross-disciplinary contribution that argues for virtue ethics epistemology in helping to overcome the current challenges of capitalism for personal and collective virtue and the common good. Since the 1990s, we have witnessed heightened economic activity due to competition between nation states within the context of a post-industrial capitalist global order. The way capitalist global political and economic organization has been taken for granted (Grossman and Stiglitz, 1980) and the way it has been implemented (Stiglitz, 2007) have resulted in many intertwined serious sociopolitical and economic challenges (Stiglitz and Chang, 2001) for the global community. For example, there has been a dramatic increase in wars and conflicts at local and regional levels, uncontrollable migration of active parts of populations (Stalker, 2000) that live in such areas, widespread incidence of poverty (Watkins, 1995) and ever-expanding economic inequality due to the concentration of wealth in only 1 per cent of the global population (Elliot and Pilkington, 2015).