Three values central to the Confucian system of ethics have very important economic implications. Which of the following is NOT one among them?
A) Loyalty
B) Rule-based law
C) Reciprocal obligations
D) Honesty in dealings with others

Question

Quizplus · Accepted Answer

Rule-based law is not a value central to the Confucian system of ethics. However, loyalty, reciprocal obligations, and honesty in dealings with others are considered important values that have economic implications. For instance, loyalty can lead to stronger relationships between employers and employees or between businesses and customers, resulting in repeat business and stable employment. Reciprocal obligations can foster trust and long-term relationships, leading to mutually beneficial economic exchanges. Honesty in dealings with others promotes transparency and fairness, which can improve market efficiency and reduce transaction costs.

Three Values Central to the Confucian System of Ethics Have