Artikel
Trust, Personal Moral Codes, and the Resource-Advantage Theory of Competition: Explaining Productivity, Economic Growth, and Wealth Creation
Scholars agree that societal-level moral codes that promote social trust also promote wealth creation. However, what specific kinds of societal-level moral codes promote social trust? Also, by what specific kind of competitive process does social trust promote wealth creation? Because societal-level moral codes are composed of or formed from peoples' personal moral codes, this article explores a theory of ethics, known as the 'Hunt-Vitell' theory of ethics, that illuminates the concept of personal moral codes and uses the theory to discuss which types of personal moral codes foster trust and distrust in society. This article then uses resource-advantage (R-A) theory, one of the most completely articulated dynamic theories of competition, to show the process by which trust-promoting, societal-level moral codes promote productivity and economic growth. That is, they promote wealth creation.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Contemporary Economics ; ISSN: 2084-0845 ; Volume: 6 ; Year: 2012 ; Issue: 2 ; Pages: 4-19 ; Warsaw: Vizja Press & IT
- Klassifikation
-
Wirtschaft
Market Structure, Pricing, and Design: General
Economic Growth and Aggregate Productivity: General
- Thema
-
trust
competition
productivity
economic growth
resource-advantage theory
Hunt-Vitell theory
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hunt, Shelby D.
- Ereignis
-
Veröffentlichung
- (wer)
-
Vizja Press & IT
- (wo)
-
Warsaw
- (wann)
-
2012
- DOI
-
doi:10.5709/ce.1897-9254.38
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Hunt, Shelby D.
- Vizja Press & IT
Entstanden
- 2012
Ähnliche Objekte (12)
Macroeconomic considerations and motives of sovereign wealth funds activity
Understanding the Drivers of Economic Growth: Grounding Endogenous Economic Growth Models in Resource-Advantage Theory
The Contribution of Intellectual Capital to Value Creation
Neuroeconomic conditioning of the influence of a market demand of consumers on an innovative character of Polish companies
Multicriterial hierarchy methods applied in consumption demand analysis: The case of Romania
Comparing dividend puzzle solutions by Polish, Canadian, Norwegian and American executives
Divided co-ownership and matrimonial property in legal regulations of Slovak Republic
Merger and acquisition in the banking sector
Complementary person-environment fit as a predictor of job pursuit intentions in the service industry
Investor Reaction to Mandatory Offers on the Warsaw Stock Exchange
Chosen Tax-Related and Economic Aspects of Choosing the Method of Equity Financing in Relation to Thin Capitalisation in the Countries of OECD
The Holding Company as an Instrument of Companies’ Tax-Financial Policy Formation
Macroeconomic considerations and motives of sovereign wealth funds activity
Understanding the Drivers of Economic Growth: Grounding Endogenous Economic Growth Models in Resource-Advantage Theory
The Contribution of Intellectual Capital to Value Creation
Neuroeconomic conditioning of the influence of a market demand of consumers on an innovative character of Polish companies
Multicriterial hierarchy methods applied in consumption demand analysis: The case of Romania
Comparing dividend puzzle solutions by Polish, Canadian, Norwegian and American executives
Divided co-ownership and matrimonial property in legal regulations of Slovak Republic
Merger and acquisition in the banking sector
Complementary person-environment fit as a predictor of job pursuit intentions in the service industry
Investor Reaction to Mandatory Offers on the Warsaw Stock Exchange
Chosen Tax-Related and Economic Aspects of Choosing the Method of Equity Financing in Relation to Thin Capitalisation in the Countries of OECD
The Holding Company as an Instrument of Companies’ Tax-Financial Policy Formation
Macroeconomic considerations and motives of sovereign wealth funds activity
Understanding the Drivers of Economic Growth: Grounding Endogenous Economic Growth Models in Resource-Advantage Theory
The Contribution of Intellectual Capital to Value Creation
Neuroeconomic conditioning of the influence of a market demand of consumers on an innovative character of Polish companies
Multicriterial hierarchy methods applied in consumption demand analysis: The case of Romania
Comparing dividend puzzle solutions by Polish, Canadian, Norwegian and American executives
Divided co-ownership and matrimonial property in legal regulations of Slovak Republic
Merger and acquisition in the banking sector
Complementary person-environment fit as a predictor of job pursuit intentions in the service industry
Investor Reaction to Mandatory Offers on the Warsaw Stock Exchange
Chosen Tax-Related and Economic Aspects of Choosing the Method of Equity Financing in Relation to Thin Capitalisation in the Countries of OECD