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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
College Students About Temperance―Is It Nowadays an Economic Virtue?
Author(s)
Gábor Kertész
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DOI:10.17265/1537-1514/2018.07.003
Affiliation(s)
International Business School, Budapest, Hungary
ABSTRACT
The next paper is not a traditional
scientific article but a case study. The business BA graduate students in the
Business Ethics Seminar sought to find out whether the millennial moral virtues
are in today’s economic life, or
rather, they are only in history books because they are now producing a
business loss. In the study, we read the discussion of temperance. The first reaction of students is that temperance is old-fashioned
and unnecessary in our days. After the discussion of case studies, the opinion of the majority changes: It is self-interest to have temperance. The case
studies are about the rich nutrition of the starving man, the impact of
predatory pricing on consumers, and the global financial crisis that passed off
a few years ago. Later on, based on the
experience gained here, a similar utility analysis of temperance and other
classical virtues can be expected to be statistically evaluable on a further
stage of the research.
KEYWORDS
ethics, predatory pricing, real estate bubble, self-exciting process, starvation, temperance
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