ARISTOTLE, at the beginning of his Ethics, warns that only a oung man of good character should be permitted to study ethical philosophy. The reason is that philosophy is an analytical exercise that requires the student to distance himself from all received knowledge or wisdom, and to examine it critically. Morality itself is a matter of character formation rather than intellectual formation, of acquiring good habits of behavior rather than a sophisticated sharp-wittedness. This is something our business schools have forgotten (if indeed they ever knew it) as they multiply their courses in “business ethics.”