The Purpose of Business

1. Front Matter

   Pages i-xviii

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2. The Purpose of Business and the Business School

   1. Front Matter

      Pages 1-1

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   2. The Business School: Serving Mammon or the University

      • David Gautschi, Jonathan Story

      Pages 3-31

   3. Dean Panel Response: “What is the Purpose of Business?”

      • Denise Daniels, Philippe Naert, Jeff Van Duzer, Indira J. Parikh

      Pages 33-51

   4. Profit Maximization Must Fail

      • Albert Erisman

      Pages 53-84

   5. A Practitioner View: Purpose and Practice of Business

      • Jack van Hartesvelt, Albert Erisman

      Pages 85-103

3. External Influences on Business

   1. Front Matter

      Pages 105-105

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   2. Global Assessment

      • Jonathan Story

      Pages 107-129

   3. God and the Market: Four Settings in the Eastern Mediterranean

      • Patrick J. Ryan

      Pages 131-155

   4. Business and Religion: Religious Perspectives on Business from Buddhism, Christianity, Judaism, and Islam

      • Seamus Phan, David W. Miller, Daniel Lapin, Muhammad Arif Zakaullah, Albert Erisman

      Pages 157-171

   5. Business and Energy

      • Jonathan Story

      Pages 173-190

4. Business and the Neurosciences

   1. Front Matter

      Pages 191-191

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   2. Behavioral Economics and Business

      • Hersh Shefrin

      Pages 193-227

   3. Business and the Brain

      • John Medina, Albert Erisman

      Pages 229-248

5. Reflection on the Consortium

   1. Front Matter

      Pages 249-249

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   2. Business Reflections from Istanbul

      • Adriana Fábrega, Fabián Fábrega

      Pages 251-252

   3. Reflections on Business and the Arts

      • Indira J. Parikh

      Pages 253-256

   4. Concluding Remarks

      • Albert Erisman, David Gautschi

      Pages 257-261

6. Erratum to: The Business School: Serving Mammon or the University

   • Albert Erisman, David Gautschi

   Pages E1-E1

7. Back Matter

   Pages 263-280

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Business is a vital institution for a flourishing society, but there is mounting concern about its role in distorting wealth distribution, enabling and rewarding unethical behaviour, and despoiling the natural environment. A Consortium was formed in 2009 under the leadership of David Gautschi to bring together academics, business people, and interested members of society from around the world to discuss two questions: what is the purpose of business, and what is the role of the business school in the academy? Consortium Fellows gathered in eight sessions over five years from 29 countries to discuss, debate, and share perspectives on these questions. The Purpose of Business is an edited collection drawing from the perspectives of these sessions, with contributors from North America, South America, Europe, and Asia bringing culturally and intellectually diverse perspectives on these critical questions. This multifaceted work offers an exploration of business in relation to religion, art, neuroscience, geopolitics, energy, and beyond to inspire a better understanding of the role of business in the 21st century interconnected world.

• Business
• Globalization
• Religion
• behavioral psychology
• Innovation
• Business ethics
• Cultural influence
• behavioral economics
• business
• business ethics
• economics
• ethics
• globalization
• innovation
• Shareholder
• shareholder value

Denise Daniels, Seattle Pacific University, USA Albert Erisman, Seattle Pacific University, USA Adriana Fabrega, El Castillo, Argentina Fabian Fabrega, El Castillo, Argentina David Gautschi, Fordham University, USA Philippe Naert, Oxford Policy Management Limited, UK Indira Parikh, Foundation for Liberal and Management Education (FLAME), India Patrick Ryan, Fordham University, USA Hersh Sheffrin, Santa Clara University, USA Jonathan Story, INSEAD, France Jeff Van Duzer Seattle Pacific University, USA

Policies and ethics