Georgetown University’s McDonough School of Business has created the Georgetown Institute for the Study of Markets and Ethics (GISME), the school announced Tuesday. The new institute will tap scholars from across the university to apply the insights from business ethics, law, political science, public policy, and economics to the ethical issues encountered in a market society.
Launched with a $1-million, 10-year grant from BB&T Foundation, the institute will:
- Conduct research on matters related to the ethics of markets and the ethical challenges individuals encounter when functioning in the market environment;
- Develop academic courses and pedagogical tools to advance the teaching of business ethics; and
- Bring ethical considerations to bear on policy decisions regarding the regulation of markets, and educate the broader, non-academic community on ethical issues related to the functioning of markets.
“The Georgetown Institute for the Study of Markets and Ethics will broaden the field of business ethics,” says John Hasnas, an associate professor at Georgetown McDonough and director of the institute.
“We won’t just be talking about what obligations businesses and business people owe to stakeholders or society – we will examine anything that could be an ethical issue people will face over the entire course of their careers.”