In my essay I aim to discuss whether business schools bear a certain responsibility for the current financial situation. I aim to start by discussion by explaining how the housing market crashed and the morally and ethical implications of the decision made by managers during this period. I aim to bring in Kantian ethics and virtue ethics in business to help further understand. Later on I aim to explain why business schools may not be solely responsible for the crisis as the world is ever evolving. I will then conclude by giving my own opinion as to whether in fact business schools bare a higher responsibility.
The root cause of the real estate crash in 2008 was the subprime lending market. Subprime lenders saw... [continues]
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