Book contents
- Reviews
- Corporate Responsibility for Wealth Creation and Human Rights
- Corporate Responsibility for Wealth Creation and Human Rights
- Copyright page
- Dedication
- Contents
- Figures, Tables and Boxes
- Preface
- Acknowledgments
- 1 Introduction and Overview
- 2 The Context of Globalization, Sustainability and Financialization
- Part I Wealth Creation
- 3 Semantics and the Wealth of Nations
- 4 Wealth Includes Natural, Economic, Human and Social Capital
- 5 Wealth Is a Combination of Private and Public Wealth
- 6 Wealth Creation Is about Producing and Distributing Wealth
- 7 Creating Wealth Involves Material and Spiritual Aspects
- 8 Creating Sustainable Wealth in Terms of Human Capabilities
- 9 Creating Means Making Something New and Better
- 10 Wealth Creation Needs Self-Regarding and Other-Regarding Motivations
- Part II Human Rights as Public Goods in Wealth Creation
- Part III Implications of Wealth Creation and Human Rights for Corporate Responsibility
- Bibliography
- Index of Names
- Index of Subjects
10 - Wealth Creation Needs Self-Regarding and Other-Regarding Motivations
from Part I - Wealth Creation
Published online by Cambridge University Press: 11 January 2021
- Reviews
- Corporate Responsibility for Wealth Creation and Human Rights
- Corporate Responsibility for Wealth Creation and Human Rights
- Copyright page
- Dedication
- Contents
- Figures, Tables and Boxes
- Preface
- Acknowledgments
- 1 Introduction and Overview
- 2 The Context of Globalization, Sustainability and Financialization
- Part I Wealth Creation
- 3 Semantics and the Wealth of Nations
- 4 Wealth Includes Natural, Economic, Human and Social Capital
- 5 Wealth Is a Combination of Private and Public Wealth
- 6 Wealth Creation Is about Producing and Distributing Wealth
- 7 Creating Wealth Involves Material and Spiritual Aspects
- 8 Creating Sustainable Wealth in Terms of Human Capabilities
- 9 Creating Means Making Something New and Better
- 10 Wealth Creation Needs Self-Regarding and Other-Regarding Motivations
- Part II Human Rights as Public Goods in Wealth Creation
- Part III Implications of Wealth Creation and Human Rights for Corporate Responsibility
- Bibliography
- Index of Names
- Index of Subjects
Summary
Because motivations constitute an essential part of economics, understood in the ethics-related sense, of economic systems and of religious and non-religious worldviews, they are also essential for the conception of wealth creation. The wide range of motivations discussed in the economic, sociological and psychological literatures can be divided into two large groups of self-regarding and other-regarding motivations. Self-regarding motivation in the form of self-interest is prevailing in economics and other social sciences, commonly attributed to the “economic man” as self-interest maximizer. While self-interest is acknowledged as a powerful motivation for creating private wealth in the market place, it is critically examined in its often exclusive claim of rationality and is utterly insufficient for creating public wealth from the local to the global level. Other-regarding motivations such as a sense for the common good, solidarity and justice are needed for the creation of public wealth.
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- Corporate Responsibility for Wealth Creation and Human Rights , pp. 103 - 112Publisher: Cambridge University PressPrint publication year: 2021