This book is the result of the first SEEP (Studies in Economic Ethics and Philosophy) conference that was held in Asia. Fist, the Western tradition is reinterpreted and restated by the two editors with their diversified perspective of virtue ethics and communicative ethics. Then, new approaches such as "critical realism", "reciprocal delivery", "evolutionary thought" and "cultural studies" are applied to understand ethical problems in economics. Further, in contrast to the reassessment of Scottish moral philosophy and German Romanticism, Chinese, Japanese, and Korean ethical thinking is examined under the modern perspective. This book does not miss the reflections on current problems around the penetration of corruption and the primacy of shareholders'value in the field of business.

One Basic Considerations.- 1 Trust as a Virtue.- 2 Trust and Sympathy in the Social and Market Order.- 3 Evaluating Trust, Competition and Cooperation.- 4 Ethics in Exchange and Reciprocity.- Two Historical and Comparative Perspectives.- 5 Contemporary Relevance of the Idea of 'Sympathy' in Adam Smith.- 6 Trust and Cooperation in German Romanticism: Adam Müller's Position in the History of Socio-Economic Thought.- 7 Evolution, Competition, and Cooperation from a Socio-Philosophical Viewpoint.- 8 The Pitfall of Modern Japan.- 9 Confucianism in the Context of Economic Crisis in Korea.- Three Modern Economic and Political Issues.- 10 The Shareholder Value Principle and the Purpose of the Firm.- 11 (Un)ethical Behavior in Business: A Reward-Punishment Probability Framework.- 12 Redistribution and Recognition: Normative Theories and the Political Economy of Welfare States.- List of Authors.- Index of Names.