business ethics from the 19th century to today an economists view pdf krjh

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==> business ethics from the 19th century to today an economists view pdf <==

Business ethics, from the 19th century to today, reflects a significant evolution shaped by economic theories, societal norms, and regulatory frameworks. In the 19th century, during the Industrial Revolution, the prevailing view was largely influenced by utilitarianism and laissez-faire capitalism, where profit maximization often overshadowed ethical considerations. Economists like Adam Smith emphasized the "invisible hand" of the market, suggesting that individual self-interest ultimately leads to societal benefits. However, this period also saw the rise of labor movements and critiques of exploitative practices, highlighting a growing awareness of social responsibility.