Ethical blog

The Crisis of Materialistic Management

Ethical blog - Mon, 10/31/2011 - 00:51

The Occupy Wall Street phenomenon clearly shows the crisis of the materialistic management paradigm. Materialistic management is based on the belief that the sole motivation of doing business is money-making and success should be measured by the generated profit only.

Psychologists have discovered the serious side-effects of materialistic value orientation. In his book "The High Price of Materialism" Tim Kasser demonstrates that the more people prioritize materialistic goals, the lower their personal well-being and more likely they engage in manipulative, competitive, and ecologically degrading behaviors.


Realizing the Nothing

Ethical blog - Thu, 07/14/2011 - 21:45

I was active in fighting agains the Bős-Nagymaros Dam project in the 1980s and 1990s. The project aimed at constructing a huge, artificial system consisting of a canal and two dams for electricity production. It was not only highly destructive in environmental and cultural sense but also economically irrational because it required about USD 3 billion for the completion, but this investment would never  recovered  through the benefit of electricity production.


The Problem of the Self in Economics and Business

Ethical blog - Sat, 04/02/2011 - 20:30

As a student (and later as a professor) of economics and business I was not ready to accept the centrality of self-interest in motivating business actions and evaluating the performance of companies. I have never shared the belief of mainstream economists and businessmen about the benefitial effects of the "invisible hand" of the market. I always felt that something fundamentally wrong with the self-interest doctrine.


Buddhist Economics. What is it and why now?

Ethical blog - Tue, 02/15/2011 - 01:40

Zoltán Valcsicsák who is volunteering in Bhutan made an interview with me on Budhist economics.


"Pilgrimage to the Cedars of Lebanon"

Ethical blog - Fri, 12/17/2010 - 16:47

The painting "Pilgrimage to the Cedars of Lebanon" by Tivadar Kosztka Csontvary is a celebration of the magficence  of nature and the dignity of human spirit. Let us hope in the renewal of humanity in the years to come.

Tivadar Kosztka Csontvary: Pilgrimage to the Cedars of Lebanon, 1907

Hungarian National Gallery, Budapest



Ethical blog - Sat, 11/06/2010 - 18:03

Since the late 1980s mankind has been operating in overshoot. Our ecological footprint has exceeded the world’s biocapacity by about 30 percent. This means that the planet’s resources are being used faster than they can be renewed. The problem is especially acute for the Western countries which use 600 – 300 percent of their fair earth share.


Henk van Luijk died

Ethical blog - Sun, 01/24/2010 - 20:57

On 19 January 2010, Henk van Luijk passed away at the age of 80. Professor van Luijk  was one of the pioneers of business ethics and is considered as the patriarch of business ethics in Europe.  He was the inspirational chairman of the European Business Ethics Network (EBEN), an organization that was set up on his initiative, and which he co-founded, in 1986. (See In Memoriam)


Csontvary's Taormina

Ethical blog - Sat, 12/12/2009 - 01:42

"Taormina" by the Hungarian painter Tivadar Csontvary represents the state of the world and the state of the soul. What we have today is a partly destroyed world and a much disturbed soul but fantastic cultural heritage and still magnificent nature. Much to preserve and renew.



Admiral Nelson compared to today's CEOs

Ethical blog - Thu, 10/29/2009 - 14:15

In July 1797 Nelson led a doomed assault on the Spanish island of Tenerife in which he was hit in the right arm by a musket ball shortly after stepping ashore. Bleeding heavily, he was taken back and his injured limb was amputated. Within 30 minutes Nelson was again issuing orders to his men. (See the full article.)

Imagine a today's CEO who suffers a similar job-related accident. What would he or she do? Almost certainly, he or she would claim a huge compensation for the injury and give up the job forever Admiral Nelson returned to work in half an hour and did his duty. "That was a man."


Edward Goldsmith, environmentalist who founded 'The Ecologist' magazine, died.

Ethical blog - Tue, 10/27/2009 - 00:04

In his major books Edward Goldsmith ("The Blueprint for Survival", "The Way") he relentlessly argued that for achieving real sustainability greening of business is not enough. People and communities should radically reduce their ecological impacts and try to live within the bounderies of their environment. (See full article.) This approach is reflected in our book "Business within Limits" and my paper "Green Business or Community Economy?".