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  • Essay / “Machiavellian Business Ethics and Behavior: A Problem...

    In world history there have been many recessions, some worse than others of course. It's simply the nature of economics. The cycle of ups and downs in an economy, which every economy goes through, is called the business cycle. When you're in peak areas, business is good. The gross domestic product or GDP, that is, all the products produced in your country over a given period (normally calculated quarterly or semi-annually), is very high, unemployment rates are low and the overall standard of living is pupil. But even though the peaks of the cycle are important, the troughs can sometimes be chaotic. All over the news and in public discussions in the United States you hear about this depression/recession, which is a very bad trough phase of the business cycle. The official start of the current, or past, economic crisis depending on who you ask, was in March 2001. The peak date of the recession was set by the NBER (National Bureau of Economic Research) as November 2001. The Quarter Before that, there was the decline in GDP in the first quarter. The decline continued until 2002. The slow but steady decline continued and was officially declared a recession in December 2007 (Layton 6). So how can a normal period of business slowdown become a recession? Simply put, many factors can ultimately cause this phenomenon. In this proposal I am not trying to inform you of all this, but I am urging you to discuss a vertebra located in the backbone of the recession and whether it could, if modified, maintain the hollow, as they are, and nothing more detrimental to the economic prosperity of the country. our nation. The cause I am referring to is the ethics of “big” business in the United States. When this country was founded, the Quakers were the opti...... paper ......feed/>.Layton, Allan P. and Anirvan Banerji. “What is a recession?: A recovery (1).” Applied Economics35.16 (2003): 1,789+. Academic OneFile. Internet. March 18, 2010.R. Edward Freeman, Lisa Stewart, Brian Moriarty. “Teaching Business Ethics in the Age of Madoff.” November-December 2009. Changemag.org. February 19, 2010. Surowiecki, James. “A virtuous cycle. (importance of trust and honesty for capitalism).” December 23, 2003. OneFile Academic. February 19, 2010 "Virtue ethics and the rise of the economy of meaning: virtue ethics in the business world of tomorrow." August 2006. Academic OneFile. February 19 2010 .