This book combines research in economics and psychology with Aristotelian virtue ethics to show why happiness is the ultimate value proposition for business.

This volume examines the breadth and depth of virtue ethics and aims to counter the virtue ethics amnesia that both afflicts general moral philosophy and affects business and management ethics. Divided into two parts, the handbook starts out with a historical introduction and chronology of the development of virtue ethics, providing a comprehensive assessment of its evolution and identifying the most influential authors and their works. The authors discussed include those who follow a philosophical or conceptual tradition in their treatment of virtue and those who belong to the research tradition of positive science, in particular, empirical, quantitative and applied psychology. The second part of the book discusses systematic approaches and major themes developed in virtue ethics. These contributions are conceptual, empirical/applied or case studies. They offer insight into the different topics to which virtue ethics has been applied, and show how virtue ethics has influenced the various operational areas of firms. Finally, they examine the virtue ethics responses to some of the most important issues that businesses and organizations face in the 21st century.​

As children, we learn life is unfair: bad things happen to good people and good things happen to bad people. So, it is natural to ask, "Why play fairly in an unfair world? If being immoral will get you what you want and you know you can't get caught, why not do it?" The answers, as argued herein, begin by rejecting the idea that morality and happiness are at odds with one another. From this point of view, we can see how immorality undermines its perpetrator's happiness: self-respect is necessary for happiness, and immorality undermines self-respect. As we see how our self-respect is conditional upon how we respect others, we learn to evaluate and value ourselves, and others, appropriately. The central thesis is the result of combining the ancient Greek conception of happiness (eudaimonia) with a modern conception of self-respect. We become happy, we life the best life we can, only by becoming virtuous: by being as courageous, just, temperate, and wise as can be. These are the virtues of happiness. This book explains why it is bad to be bad and good to be good, and what happens to people's values as their practical rationality develops.

The late twentieth and early twenty-first centuries have seen a renaissance in the study of virtue -- a topic that has prevailed in philosophical work since the time of Aristotle. Several major developments have conspired to mark this new age. Foremost among them, some argue, is the birth of virtue ethics, an approach to ethics that focuses on virtue in place of consequentialism (the view that normative properties depend only on consequences) or deontology (the study of what we have a moral duty to do). The emergence of new virtue theories also marks this new wave of work on virtue. Put simply, these are theories about what virtue is, and they include Kantian and utilitarian virtue theories. Concurrently, virtue ethics is being applied to other fields where it hasn't been used before, including bioethics and education. In addition to these developments, the study of virtue in epistemological theories has become increasingly widespread to the point that it has spawned a subfield known as 'virtue epistemology.' This volume therefore provides a representative overview of philosophical work on virtue. It is divided into seven parts: conceptualizations of virtue, historical and religious accounts, contemporary virtue ethics and theories of virtue, central concepts and issues, critical examinations, applied virtue ethics, and virtue epistemology. Forty-two chapters by distinguished scholars offer insights and directions for further research. In addition to philosophy, authors also deal with virtues in non-western philosophical traditions, religion, and psychological perspectives on virtue.

This volume addresses the history, future and contemporary application of virtue ethics.