Kaizen Weekly Review

Kaizen Weekly Review highlights activities of The Center for Ethics and Entrepreneurship and recent business ethics and entrepreneurship news.
Editor
: Virginia Murr

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Magatte Wade Featured in New Edition of Kaizen

In our latest Kaizen (pdf), we feature an interview with Senegalese-American entrepreneur Magatte Wade. Wade, named one of the “20 Youngest Power Women of Africa” by Forbes magazine, owns Tiossan, which sells skin care products based on indigenous Senegalese recipes online and at high-end boutiques. We also a report on a visit by guest speaker Dr. William Kline, Program Director of Liberal Studies at the University of Illinois-Springfield, and student essay winners Yann Biancat and Jeremy Frew.

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Entrepreneurs as Moral Heroes

Stephen Hicks traveled to Brazil where he gave a talk to associates of the Instituto de Estudos Empresariais (IEE) on January 7, 2013. Dr. Hicks spoke on Entrepreneurs as Moral Heroes, in which he discussed how ethical attitudes about value creation, trade, and the pursuit of happiness are at the center of the debates over entrepreneurship—and how respect for entrepreneurs as moral heroes is a key part of cultural progress. Read more about the talk here.
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“Third Way” Politics and Its Fruits

Hicks considers the ideological road to the current state of politics: “Third Way politics became popular in the 1990s after the final collapse of the Soviet Union. Socialists were feeling chastened and adrift, and middle-of-the-roaders were uncomfortable with moving further towards free-market capitalism. The fall of the Soviet Union was an indictment of socialism, but what exactly was the lesson?” Read Hicks’s analysis and conclusion.

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David R. Henderson on the “Robber Barons”

In this blog post, CEE interviewee David R. Henderson examines how the free-market efforts of such entrepreneurial legends as Cornelius Vanderbilt and John D. Rockefeller have become so skewed in public perception that they are commonly referred to as “Robber Barons.” According to Henderson, these men “were neither robbers nor barons.”

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Companies Cultivating Happiness in their Employees

Busting the stereotype of the “evil corporation,” some companies excel at boosting employee happiness. According to this Forbes article, “Fat paychecks, light workloads, and countless vacation days don’t necessarily produce happy employees. In fact, the happiest employees in the US credit their bliss to first-rate employee incentive programs, ample benefits, career advancement programs, and great work-life balance. The companies that were most dedicated to cultivating and advancing these aspects in the past year saw employee happiness soar.”

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African Economist Seeks to End the Vicious Cycle of Humanitarian Aid

The Kenyan economics expert James Shikwati argues that aid to Africa does more harm than good. In this Spiegel article, Shikwati states, “Huge bureaucracies are financed (with the aid money), corruption and complacency are promoted, Africans are taught to be beggars and not to be independent. In addition, development aid weakens the local markets everywhere and dampens the spirit of entrepreneurship that we so desperately need.”

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See you next week!

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