ABSTRACT
The theory of the evolutionary learning organization carries with it rationalist premises as well as behavioural aspects of decision-making that are increasingly becoming the centrepiece of organizational decision-making. This has a significant impact on social preference formation. Indeed, organizational behaviour in such an ethico-economic connotation is the carrier of conscious attributes and consequences in the social spectrum where markets, institutions, and behaviour interact. In this chapter, we will study a special kind of a model of interaction that is different from many conventional models. The primary difference is caused by the endogenous nature of preferences, decision-making, policies and programmes in the ethico-economic frame of conscious decisions. Thus, while economic rationality is still the basis for formulating such organizational behaviour, ethics is either considered exogenously or is explained under the same postulates of economic rationality, although bounded by a constrained set of full information. In this chapter, evolutionary organizational decision-making is explained as the process of interaction leading to integration, and thereby to the incessant processual reproduction of knowledge as consciousness in order to establish stronger ethico-economic organizations as social systems. This involves serious theoretical formalism belonging to behavioural aspects of organizations, institutions and moral social reconstruction. Thus, the goal of a technical meaning of wellbeing is studied. The structure and function of these entities in ethico-economic decision-making are explained.
