“With so many people rolling the dice in hopes of a big score, there are bound to be some winners, their rich rewards raise wealth inequality even further.” This conclusion by Edmund Phelps, winner of the 2006 Nobel Prize for Economics has important implications for the ethical behaviour, or rather […]
Tag: Lloyds
Big business risks losing its social licence—Part 1 of 2
You need a licence to open a café or sell wine from a UK store. Should enough local people object you may be stopped. This is part of the “social licence”–where society affects what business can do. That a firm needs a social licence seems strange. Yet most would agree […]