Why Prudence Is Needed in Business

By Bernard W. Dempsey S.J.*

Why Prudence Is Needed in Business

“it is part of prudence to consider all the circumstances…”

Prudence is a virtue of the intellect by which we know in any current business what is proper and what is not.

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Prudence demands such care and diligence as the condition of person and the importance of the business require; for it is part of prudence to consider all the circumstances and all the things necessary to the intended end, and to apply them in a suitable manner, place and time (Bernard W. Dempsey, S.J., Interest and Usury, American Council on Public Affairs, Washington, D.C., 1943, p. 145).

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