On Moral Capital
This book promotes the original concept of “Moral Capital” as the key to analyzing the nature and function of morality in economic activities. The book is divided into three major sections. In the first, the author argues that the logical connections betw
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Xiaoxi Wang
On Moral Capital
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Xiaoxi Wang Philosophy Department Nanjing Normal University Nanjing China Translated by Yaohong Chen Proofread by Rene Morenski
“Funded by the Jiangsu Province Fund for Social Science” “Funded by the Priority Academic Program Development of Jiangsu Higher Education Institutions” ISBN 978-3-662-45543-2 ISBN 978-3-662-45544-9 (eBook) DOI 10.1007/978-3-662-45544-9 Library of Congress Control Number: 2014954885 Springer Heidelberg New York Dordrecht London © Yilin Press, Ltd. and Springer-Verlag Berlin Heidelberg 2015 This work is subject to copyright. All rights are reserved by the Publishers, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publishers, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publishers nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Foreword
Can morality create profits for businesses? To this often controversial question, my answer is yes. Moral capital exists for a reason, and morality, as a productive force or a spiritual factor of production, plays a unique and irreplaceable spiritual role in business operations. To prove my point, I have been engaged in the systematic theoretical research of moral capital since the 1990s. In recent years, based on previous academic analyses, I have primarily studied the application of moral capital, trying to illustrate that morality is an important asset for businesses and that moral capital is a significant spiritual capital for business operations. Only by constantly developing moral capital can businesses seize the initiative in a landscape of fierce competition, thus harvesting more profits and benefits. This book contains a series of research results (most of which have been published) and is divided into four chapters. Chapter 1 (“The Theoretical Basis of Moral Capital”) discusses the logical relations between morality and economics as well as between morality and profit-making. It thereby lays a theoretical foundation for the existence of moral capital. Chapter 2 (“The Theory of Moral Capital”) mainly interprets the concepts, formation, and mechanisms of mo
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