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New Institute for the Study of Markets and Ethics

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Institute to Produce Ethical Business Leaders and Help Individuals Handle Ethical Problems at Work

Georgetown University’s McDonough School of Business announces the creation of the Georgetown Institute for the Study of Markets and Ethics (GISME). Drawing from scholars from all divisions of the university, it will apply the insights from business ethics, law, political science, public policy, and economics to the ethical issues encountered in a market society.

Launched with a $1-million, 10-year grant from BB&T Foundation, the institute will:

1. Conduct research on matters related to the ethics of markets and the ethical challenges individuals encounter when functioning in the market environment;

2. Develop academic courses and pedagogical tools to advance the teaching of business ethics; and

3. Bring ethical considerations to bear on policy decisions regarding the regulation of markets, and educate the broader, non-academic community on ethical issues related to the functioning of markets.

“The Georgetown Institute for the Study of Markets and Ethics will broaden the field of business ethics,” said John Hasnas, an associate professor at Georgetown’s McDonough School of Business and director of the institute. “We won’t just be talking about what obligations businesses and business people owe to stakeholders or society – we will examine all ethical and public policy issues that can arise in politically regulated markets.”

Ed Soule, associate professor of ethics, and Jason Brennan, assistant professor of ethics, will join Hasnas in leading the institute. Together, they will pursue GISME initiatives such as developing new courses and pedagogical tools to improve the teaching of professional ethics, hosting academic symposia, sponsoring lecture and speaker series, and offering a fellowship program for recent business and philosophy Ph.D.s who intend to teach applied ethics.

Pictured, left to right, are Gregg Dougherty, senior vice president, regional corporate banking manager, BB&T; David Thomas, dean of Georgetown McDonough; and John Hasnas.

About Georgetown University’s McDonough School of Business
Georgetown University’s McDonough School of Business is a premier business school located at the center of world politics and business in Washington, D.C. Some 1,400 undergraduates, 1,000 MBA students, and 1,200 participants in executive education programs study business with an intensive focus on leadership and a global perspective. Founded in 1957, the business school today resides in the new Rafik B. Hariri Building, a state-of-the-art facility that blends the tradition of Georgetown University with forward-thinking functionality. For more information about Georgetown’s McDonough School of Business, visit