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Practical Wisdom and the Practice of Business: What can we learn from MacIntyre?

Practical Wisdom and the Practice of Business: What can we learn from MacIntyre? Alejo José G. Sison & Joan Fontrodona. I. Business as a practice II. Practical wisdom and justice III. Application to business practice. I. Business as a practice Practice > Praxis covers Politics

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Practical Wisdom and the Practice of Business: What can we learn from MacIntyre?

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  1. Practical Wisdom and the Practice of Business: What can we learn from MacIntyre? Alejo José G. Sison & Joan Fontrodona

  2. I. Business as a practice II. Practical wisdom and justice III. Application to business practice

  3. I. Business as a practice • Practice > Praxis covers Politics • Ethics • Economy • economy • chrematistics (B) • 2. Praxis means: • perfect movement vs. kinesis (imperfect movement) • action vs. theoria (study) • doing vs poiesis (making) • In praxis, internal products (habits)/ • external products (objects)

  4. II. Practical wisdom and justice • PW (effectiveness) ↔ J (excellence) • Thucydides: PW ≠ J; PW > J • Plato: PW = J • Aristotle: PW ≠ J; J > PW • 2. PW & J need an institution (rules, goods, virtues • or habits) • 3. PW & J are constituted by/constitutive of • “traditions” (extended arguments about the good). • Stages of development are judged from the perfect • state (arche/telos) of knowledge.

  5. III. Application to business practice • Effectiveness: goods & services at a profit • Excellence: b-person’s virtue qua b-person • Profits are partially constitutive (not merely instrumental) of business excellence. • 2. Profits &business excellence are defined within • institutions (chrematistics>econ>Econ>Eth>Pltcs). • Participation and dialogue are required to determine the effectiveness and excellence particular to business. Telos of business practice: its contribution to eudaimonia (human flourishing).

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