Ethics


Human action that manifests and free markets require some sort of ethical structure.

A branch of philosophy that addresses questions concepts such as good and evil, right and wrong, justice, virtue, etc.

For more information see Wikipedia: Ethics

Ethical Structures

The ethical conduct of a human system is influenced primarily by the systemic structure.

Moral behavior is like any other behavior. It is influenced primarily by structure. To change ethical conduct change beliefs.

Leaders concerned with organizational ethics should devote their energy to processes that change the structure of the organization; not changing organizational behavior.

Ethics cannot be legislated or mandated because rules of behavior don’t necessarily change structure.

Values

Values play an important part of the ethical structure of individuals and society.

At the core of economic value lies ethical values. Humans develop their scale of economic preferences based, to a large degree, on prior established ethical values.

In this topic we will discuss values generally accepted by western societies—and espoused by this site website.

Life
Valuing life and self-ownership.
Liberty
A structure in which all individuals exercise their personal freedom limited only by their respect for the freedom of others.
Property
Ownership of personal production and right to trade owned economic goods.