New Institute Aims to Produce Ethical Business Leaders
April 12, 2012 – Georgetown’s McDonough School of Business (MSB) has created a new institute designed to produce ethical business leaders and tackle ethical problems in the workplace.
The Georgetown Institute for the Study of Markets and Ethics (GISME) will include experts on business ethics, law, political science, public policy and economics who will apply their insights on ethical issues encountered in a market society.
A $1 million, 10-year grant from the BB&T Foundation helped launch the institute.
Broadening the Field
“The Georgetown Institute for the Study of Markets and Ethics will broaden the field of business ethics,” said John Hasnas, an associate professor at MSB and director of the institute.
Ed Soule, associate professor of ethics, and Jason Brennan, assistant professor of ethics, will join Hasnas in leading the institute.
GISME will also conduct research on issues related to ethics of markets and ethical challenges individuals encounter in a market environment.
Other institute goals include developing academic courses and pedagogical tools to advance the teaching of business ethics, bringing ethical considerations to market regulation policy decisions and educating the broader non-academic community on market ethics issues.
The institute leaders will also develop new courses and pedagogical tools to improve the teaching of professional ethics, host academic symposia, sponsor lecture and speaker series and offer a fellowship program for recent Ph.D.s who want to teach applied ethics.
“We won’t just be talking about what obligations businesses and business people owe to stakeholders or society,” Hasnas says. “We will examine anything that could be an ethical issue people will face over the entire course of their careers.”