IntroductIon

Professionalism & Ethics

Contemporary Economy requires both: Professionalism and Ethics. In both 
scopes a lot should be done.

Previous achievements are far unsatisfactory. In the international Economy 
there is only fragile stability and no development.

A very low level of economic growth and very high level of unemployment 
are significant signs of the problem. There are many more or less significant 
signs. What is the reason?

Looking for real reasons of this situation it seems it is the lack of Profession-
alism and Ethics in modern Economy that creates fundamental problems of dis-
functioning of economic system.

It is necessary to explain closer both terms Professionalism and Ethics in re-
spect to two dimensions: Macro and Micro.

Small, medium and big companies become more and more professional. 
Nowadays, in Microscale of business unit there is no time or possibility to exist 
in another way. However, we still hear too many times about problems in com-
panies. Enormous remunerations of top management, imperfect products and 
services, delayed payments, staff reduction, and even bankruptcy. But, in prin-
ciple self-adjustment system works.

In Macroscale it is much worse. An enormous inf luence of Politics on mod-
ern economy is a fact and it generates huge problems. Questionable profession-
alism and irresponsibility of political decision makers leads to economic ten-
sions in many areas. Elections seem inefficient protection against incorrect 
political decisions concerning Economy. Balance between power of politicians 
and their responsibility is highly required.

This was about Professionalism, but what about Ethics?
Some of the above mentioned problems concern also Ethics.
We hope the Age of Ethics in Economy is beginning right now. In both di-

mensions, Micro and Macro, we need more ethical approach to market econ-



Introduction8

omy. The stake is Human Quality of business processes, in consequence, the 
Quality of Human Life in Modern World.

To strengthen effectively Professionalism and Ethics in Economy, Econom-
ics is highly needed. This is exactly our role as scientists.

As you know, Copernican Journal of Finance & Accounting is a perfect forum 
for scientists and practitioners to exchange ideas and experience to improve 
our Economy & Economics.

Editor in Chief
Professor Leszek DZIAWGO