I think this is the most coherent, pragmatic argument I’ve heard for “why be moral in business?” (Podcast clips in 3 parts):
1:26
186 views
2
7
Conversation
Second part, on how old hands in business recognise this aspect of ‘be a good person, so that you can be lucky’:
1:29
29 views
1
Final part, linking this to old religious wisdom:
1:30
43 views
1
To be clear, there are many arguments for acting morally and doing the right thing, but this is one that doesn’t seem to get much play.
(Nerds of a particular flavour might also point out: “hey, this describes the dynamics of an iterated game!”)
2
Replying to
High Social trust = Low Transaction Costs => Greater Prosperity
econlib.org/library/Column.
jstor.org/stable/4163885
medium.com/@zachullman/tr
1
1
Replying to
English Common (UK, US, & former Commonwealth countries) which legislate bottom-up via precedents and aims for transparency is a better model than Napoleonic/Civil law, which is top-down and aims to regulate economics.
Focus on transparency creates conditions for iterated games.
1
1