Why Business? What is the Role of Business in a Just and Humane Society

The University of Notre Dame via Coursera

Go to Course: https://www.coursera.org/learn/why-business

Introduction

**Course Review: Why Business? What is the Role of Business in a Just and Humane Society** In today’s rapidly evolving world, the role of business is constantly scrutinized. Questions regarding ethical practices, societal impact, and the moral implications of profit-making are prevalent in our discourse. Enter the Coursera course titled "Why Business? What is the Role of Business in a Just and Humane Society." This course aims not just to educate participants about the mechanics of business within market economies but also to challenge conventional perceptions about its morality and societal obligations. ### Course Overview "Why Business?" is an insightful exploration into the dual nature of business; it recognizes the skepticism that often surrounds corporate entities while also presenting the narrative that business can be a force for good. As the course unfolds, it delves into fundamental concepts of market economies, juxtaposing them with varying viewpoints on the ethical implications and operational dynamics of businesses. The overarching theme here is reflection—inviting participants to ponder whether business can indeed be honorable and to explore its potential role in fostering a just and humane society. ### Detailed Syllabus Breakdown **Week 1: Justice in a Commercial Society?** The course begins with a critical interrogation of business perceptions. Participants will engage with questions surrounding the integrity of businesses and their obligation to contribute positively to society. This introduction sets a reflective tone for the entire course, encouraging critical thinking about the moral dimensions of business practices. **Week 2: Value – Broken Windows and Prices** The second week dives into the foundational concepts of pricing and market function. Participants will discover the nature of prices—what they represent and whether everything can be quantified within a market. This week is particularly engaging as it challenges learners to rethink the simplicity of market transactions and consider the deeper societal implications of pricing strategies. **Week 3: Objections to Markets** The third week stands out by addressing common critiques of market economies. We explore the moral responsibilities that accompany business practices and the potential need for government oversight. This week is crucial for those interested in understanding the balance between free-market ideologies and ethical business conduct. **Week 4: Why Business?** The final week serves as the course's climax, where learners are encouraged to synthesize their understanding and confront core questions regarding the essence of business itself. It asks participants to reflect on their own values and how those can align with business practices. This week is particularly empowering as it enables students to weave their personal beliefs into their professional aspirations. ### Course Recommendation I heartily recommend "Why Business? What is the Role of Business in a Just and Humane Society" for anyone interested in the intersection of ethics, business, and societal responsibility. This course is especially beneficial for business students, entrepreneurs, and professionals who seek to navigate the complexities of modern commerce with a moral compass. The course is well-structured, thought-provoking, and fosters an interactive learning environment where participants can engage with peers and share diverse perspectives. Moreover, it encourages the application of learned concepts to real-world scenarios, making the course not just an academic exercise but a powerful tool for personal and professional development. By the end of this course, participants will not only have a clearer understanding of the complexities surrounding business ethics but will also be equipped with the necessary frameworks to foster a more just and humane business landscape. In conclusion, if you are ready to challenge your perceptions of business and explore its potential as a positive societal force, this course is a perfect fit. Embrace the opportunity to rethink the role of business in our world today!

Syllabus

Justice in a Commercial Society?

Many people are suspicious of business. Should they be? Can business be honorable? Is business required to “give back” to society? These are some of the questions you’ll consider during this first week of the course. I will introduce you to common perceptions of business (negative and positive) and encourage you to reflect upon the possibility that business can be honorable and play a role in a just and humane society.

Value – Broken Windows and Prices

Can everything be priced in a market? Where do prices come from, and what do they do? In this second week of the course, you will examine what prices do, learn about what they are for, and consider whether or not markets can price everything.

Objections to Markets

What are the most important worries about or objections to market economies? Can markets be moral? In week 3, you will consider the social responsibilities of business. You will also consider criticisms of markets and arguments for government intervention in the economy.

Why Business?

Can one be fully moral and at the same time engage in business in a market economy? Can one express one’s moral values and live a virtuous life in business? In Week 4, you will come full circle to address the essential question of the course: Why business? This week, you’ll reflect on the role of business in a just and humane society. You will also consider the role of business from your own perspective, and you will have a chance to examine (question) your own moral obligations as a person engaged in or with business.