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This course is archived
Course date
July 6–17, 1998
Location
Budapest
Application deadline
Course delivery
In-person

The Summer Course is focusing on the moral foundation of capitalism in the context of the late 20th century realities. The legitimacy of purely profit-seeking business activities has been questioned on various ground.

The stakeholder theory is central in examining the issue. The main message of the theory is that in corporate and public policy-making every individual, group or organisation, which can be affected by the policy, should be taken seriously. Not only the legitimate interests of the affected parties should be respected but also their moral rights. Corporate decision makers and public administrators have primary duties and obligations concerning the well-being of their stakeholders. Hence the ideal of Kantian capitalism emerges.

To discuss the moral foundation of capitalism is especially important in Central and Eastern Europe where the legitimacy of the market economy is weak and vulnerable. Privatisation and restitution schemes have presented difficult social and ethical issues. The trade-off between economic efficiency and social security produces hard choices for politicians and business managers day by day. The success of the economic transition in the region depends not only on material pay-offs for the people but also on the social and ethical acceptability of the transforming process.

The goal of the course is to get together leading scholars from the USA and Europe for providing a fair picture about the new directions of capitalism and its relevance and applicability in Central and Eastern Europe.

An Internet class will be organised for the course participants to explore opportunities in visiting web sites devoted to business ethics, social responsibility and business and society issues.

Completed CEU Summer University Application Form

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Notes:

  • You may apply to a maximum of two summer courses. In case of being admitted, you can only attend both if the two courses do not overlap in time.
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Inquiries

If you need help or more information during the application process, please feel free to contact the SUN staff via email.

Notification

The SUN Office will notify applicants about the selection results in April. Please check the 'Dates and deadlines' section on the relevant course websites for notification deadlines planned earlier or later. The final decision is not open to appeal.