The financial crisis in 2008 and the consequent Great Recession in the U.S. was a moment of reckoning for the international business community: the world economy was in danger and its stability and sustainability were in jeopardy. It was indeed time for soul searching of the community, for business academics and business leaders alike. Business education at the time depends on an epistemological paradigm that understands the relationship between knowledge and the world through logical empiricism, the way people exercise knowledge in practice through rational choice and the way people in organizations relate to each other through Agency Theory.