Moral Compass

Miller, William C.
March 2009
Leadership Excellence Essentials;Mar2009, Vol. 26 Issue 3, p9
The author calls on executives and leaders to use morality as arbiter of their actions and judgment based on the principles of philosopher Adam Smith. He notes that the moral principles required by free market capitalism are governed by the Golden Rule. Smith said that the formulas for prosperity are allowing individuals to invest their capital for their own gain and use of the Golden Rule to guide actions in the free market. He blames greed and lack of ethics for the global recession.


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