Davos 2013 - The Moral Economy: From Social Contract to Social Covenant

TL;DR

• Increased focus on shared values and moral foundations in business for sustainable economy.

Transcript

everyone and welcome to this important afternoon session my name is Robert Greenhill I'm chief business officer of the World Economic Forum and over the last four or five years there's been tremendous criticism of some of the excesses and failings of business or certain businesses the Edelman trust barometer had some good news and last week or so t... Read More

Key Insights

• 👨‍💼 Trust in business has increased, prompting discussions on moral foundations.
• 👋 Shared values, human dignity, and common good are essential for a moral economy.
• 👨‍💼 Aligning incentives with moral principles can foster ethical business practices.

Questions & Answers

Q: How has trust in business evolved recently?

Trust in business has increased to 56%, sparking discussions on moral foundations and shared values for a sustainable economy.

Q: What are key values essential for a moral economy?

Human dignity, common good, and stewardship of the planet are fundamental values for a moral economy.

Q: How can incentives be aligned with moral principles in business?

Aligning incentives with social, environmental, and human values can promote a more ethical approach in businesses.

Q: What role do regulations play in shaping a moral economy?

Regulations can act as a framework to uphold and implement moral principles, ensuring ethical practices in business.

Summary & Key Takeaways

• Business trust has increased to 56%, prompting discussions on moral foundations.

• Emphasis on shared values, dignity, and common good in business.

• Role of education, incentives, and government in aligning economic practices with moral principles.