The standard economic models and theories have serious limits to what they can do to contribute to a sustainability agenda. The way in which we set up businesses and organize economic activity has to change in fundamental ways to respond to the rapidly warming Earth, declining natural resources and increasing inequality between humans. We need alternative economic models where prosperity is not confused with a consumerist lifestyle and constantly growing material acquisition. Broader descriptions of economy, work and money are being developed that can help our economy function better.
Ethical issues are urgent in our globalized world where the public and civil governance of businesses is often underdeveloped and firms are located in different national regulatory systems.