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Maximization of What? – A Stakeholder Framework from Buddhist Perspective
Author Shih, Chao-cheng (著)=釋照澄 (au.)
Source Leadership and Management in a Changing World
Content type會議論文=Proceeding Article
NoteNational Central University, Institute of Philosophy, Taiwan,
AbstractSelf-interest is an important conception to establish Hobbesian line of social contract theory in
political philosophy and classic framework of economics. Both of theories hold that rational choice
of maximization of interests is the best strategy, thus generating optimal outcome. This paper
presents two arguments to lead the conclusion that business action strives for the maximization
of self-interests is morally neutral. Business action is characterized as immoral when it causes
others harm, or within capability yet choosing not to help others. The first argument explicates
that maximization of wisdom is the best strategy to maximize self-interest. The second argument
establishes two principles founded on karma theory and the corresponding rules to cultivate
wisdom, which can enhance positive value of business.
Created date2016.06.22
Modified date2016.08.23

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