Morality Competition And The Firm

Author : Joseph Heath
Publisher : Oxford University Press
Page : 425 pages
File Size : 51,6 Mb
Release : 2014
Category : Business & Economics
ISBN : 9780199990481

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Morality, Competition, and the Firm by Joseph Heath Pdf

"The essays by Joseph Heath collected in this volume collectively present a program in business ethics that he calls the "market failures" approach. They develop a theoretical framework that lies between two opposing positions in business ethics -- on one hand the "stakeholder" theory, which identifies moral obligations within an organization by identifying its key groups, and the self-explanatory "shareholder primacy" theory. Heath's "market failures" approach lies between these approaches and argues that firms should be guided by the ideal of a perfectly competitive market, and that ethical behavior in this context consists primarily in refraining from taking advantage of imperfections in existing markets. Heath's approach puts particular emphasis on the market as a competitively structured interaction, with different duties owed to individuals inside and outside the firm, and explains why business managers cannot have fiduciary responsibilities toward every stakeholder group. His theory draws on recent work in adversarial ethics, welfare economics, agency theory, and the theory of the ferm, in order to provide an account of business ethics that can be integrated with recent thinking about corporate law and the normative basis of state regulation of the economy"--

Author : Joseph Heath
Publisher : FriesenPress
Page : 272 pages
File Size : 50,6 Mb
Release : 2023-04-11
Category : Business & Economics
ISBN : 9781039174009

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Ethics for Capitalists by Joseph Heath Pdf

Ethics for Capitalists offers a powerful new statement of the Market Failures Approach to business ethics. While the competitive context of the market economy provides economic actors greater freedom to pursue their interests, it also imposes moral constraints on the range of strategies they may employ. The pursuit of profit must be consistent with the overall objective of market institutions, which is to promote efficiency in the production and allocation of goods and services. Ethics for Capitalists draws out the implications of this view for business strategy, corporate governance, managerial authority, and shareholder primacy. The result is a philosophically rigorous, comprehensive approach to business ethics that will be foundational for all future reflection in the field.

Author : Joseph Heath
Publisher : Oxford University Press
Page : 336 pages
File Size : 46,9 Mb
Release : 2014-08-01
Category : Philosophy
ISBN : 9780199990498

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Morality, Competition, and the Firm by Joseph Heath Pdf

In this collection of provocative essays, Joseph Heath provides a compelling new framework for thinking about the moral obligations that private actors in a market economy have toward each other and to society. In a sharp break with traditional approaches to business ethics, Heath argues that the basic principles of corporate social responsibility are already implicit in the institutional norms that structure both marketplace competition and the modern business corporation. In four new and nine previously published essays, Heath articulates the foundations of a "market failures" approach to business ethics. Rather than bringing moral concerns to bear upon economic activity as a set of foreign or externally imposed constraints, this approach seeks to articulate a robust conception of business ethics derived solely from the basic normative justification for capitalism. The result is a unified theory of business ethics, corporate law, economic regulation, and the welfare state, which offers a reconstruction of the central normative preoccupations in each area that is consistent across all four domains. Beyond the core theory, Heath offers new insights on a wide range of topics in economics and philosophy, from agency theory and risk management to social cooperation and the transaction cost theory of the firm.

Author : Christoph Lütge
Publisher : Edward Elgar Publishing
Page : 232 pages
File Size : 51,5 Mb
Release : 2019
Category : PHILOSOPHY
ISBN : 9781788972994

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The Ethics of Competition by Christoph Lütge Pdf

The concept of competition is frequently regarded with ambivalence. While its champions wholeheartedly endorse it for reasons of efficiency, critics believe competition undermines ethics. They denounce competitive thinking, call for modesty in profit-making, and rail against economisation. However, Christoph Lütge argues convincingly that intensified competition can work in favour of ethical goals, and that many criticisms of competition stem from an inadequate understanding of how modern societies and economies function. The author illustrates his view with examples from ecology, healthcare and education, and concludes with a call for more entrepreneurial spirit.

Author : Eric W. Orts,N. Craig Smith
Publisher : Oxford University Press
Page : 246 pages
File Size : 43,9 Mb
Release : 2017
Category : Business & Economics
ISBN : 9780198738534

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The Moral Responsibility of Firms by Eric W. Orts,N. Craig Smith Pdf

Individuals are generally considered morally responsible for their actions. Who or what is responsible when those individuals become part of business organizations? Can we correctly ascribe moral responsibility to the organization itself? If so, what are the grounds for this claim and to what extent do the individuals also remain morally responsible? If not, does moral responsibility fall entirely to specific individuals within the organization and can they be readily identified? A perennial question in business ethics has concerned the extent to which business organizations can be correctly said to have moral responsibilities and obligations. In philosophical terms, this is a question of "corporate moral agency." Whether firms can be said to be moral agents and have the capacity for moral responsibility has significant practical consequences. In most legal systems in the world, business firms are recognized as "persons" with the ability to own property, to maintain and defend lawsuits, and to self-organize governance structures. However to recognize that these "business persons" can also act morally or immorally as organizations would justify the imposition of other legal constraints and normative expectations on organizations. In the criminal law, for example, the idea that an organized firm may itself have criminal culpability is accepted in many countries (such as the United States) but rejected in others (such as Germany). This book presents contributions by leading business scholars in business ethics, philosophy, and related disciplines to extend our understanding of the "moral responsibility" of firms.

Author : Frank Hyneman Knight
Publisher : Books for Libraries
Page : 396 pages
File Size : 52,6 Mb
Release : 1969
Category : Business & Economics
ISBN : IND:30000029661356

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The Ethics of Competition by Frank Hyneman Knight Pdf

Author : Tibor R. Machan
Publisher : Springer Science & Business Media
Page : 138 pages
File Size : 44,8 Mb
Release : 2008-01-11
Category : Business & Economics
ISBN : 9780387489070

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The Morality of Business by Tibor R. Machan Pdf

Government interference in free enterprise is growing. Should they intercede in business ethics and corporate responsibility; and if so, to what extent? The Morality of Business: A Profession for Human Wealthcare goes beyond the utilitarian case in discussing the various elements of business ethics, social policy, job security, outsourcing, government regulation, stakeholder theory, advertising and property rights.

Author : Peter Róna,László Zsolnai,Agnieszka Wincewicz-Price
Publisher : Springer Nature
Page : 236 pages
File Size : 50,8 Mb
Release : 2020-09-03
Category : Philosophy
ISBN : 9783030526733

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Words, Objects and Events in Economics by Peter Róna,László Zsolnai,Agnieszka Wincewicz-Price Pdf

This open access book examines from a variety of perspectives the disappearance of moral content and ethical judgment from the models employed in the formulation of modern economic theory, and some of the papers contain important proposals about how moral judgment could be reintroduced in economic theory. The chapters collected in this volume result from the favorable reception of the first volume of the Virtues in Economics series and represent further contributions to the themes set out in that volume: (i) examining the philosophical and methodological fallacies of this turn in modern economic theory that the removal of the moral motivation of economic agents from modern economic theory has entailed; and (ii) proposing a return descriptive economics as the means with which the moral content of economic life could be restored in economic theory. This book is of interest to researchers and students of the methodology of economics, ethics, philosophers concerned with agency and economists who build economic models that rest in the intention of the agent.

Author : W. Michael Hoffman,Robert E. Frederick,Mark S. Schwartz
Publisher : John Wiley & Sons
Page : 704 pages
File Size : 51,7 Mb
Release : 2014-01-02
Category : Business & Economics
ISBN : 9781118722770

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Business Ethics by W. Michael Hoffman,Robert E. Frederick,Mark S. Schwartz Pdf

The fifth edition of Business Ethics addresses current, intriguing, often complex issues in corporate morality through 53 readings and 30 pertinent case studies. Now significantly updated, it includes new leading articles, related current cases, and mini-cases based on MBA student dilemmas. Addresses a broad range of the most current, intriguing, often complex issues and cases in corporate morality Provides impartial, point-counterpoint presentations of different perspectives on the most important and highly contended issues of business ethics Updated and significant case studies are included to reinforce student learning Now contains mini-cases based on actual MBA student dilemmas Each author has substantial experience in teaching, writing, and conducting research in the field

Author : John Raymond Boatright
Publisher : Prentice Hall
Page : 470 pages
File Size : 48,5 Mb
Release : 2007
Category : Business & Economics
ISBN : UOM:39015063267713

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Ethics and the Conduct of Business by John Raymond Boatright Pdf

For undergraduate /MBA-level courses in Business Ethics in the departments of Philosophy or Business. Ethics and the Conduct of Business teaches students ethical decision-making through a brief theoretical overview, and forty-five short cases, with each case presenting more than one side of the issue.

Author : Gabriel Abend
Publisher : Princeton University Press
Page : 413 pages
File Size : 49,8 Mb
Release : 2016-05-31
Category : Business & Economics
ISBN : 9780691171128

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The Moral Background by Gabriel Abend Pdf

In recent years, many disciplines have become interested in the scientific study of morality. However, a conceptual framework for this work is still lacking. In The Moral Background, Gabriel Abend develops just such a framework and uses it to investigate the history of business ethics in the United States from the 1850s to the 1930s. According to Abend, morality consists of three levels: moral and immoral behavior, or the behavioral level; moral understandings and norms, or the normative level; and the moral background, which includes what moral concepts exist in a society, what moral methods can be used, what reasons can be given, and what objects can be morally evaluated at all. This background underlies the behavioral and normative levels; it supports, facilitates, and enables them. Through this perspective, Abend historically examines the work of numerous business ethicists and organizations—such as Protestant ministers, business associations, and business schools—and identifies two types of moral background. "Standards of Practice" is characterized by its scientific worldview, moral relativism, and emphasis on individuals' actions and decisions. The "Christian Merchant" type is characterized by its Christian worldview, moral objectivism, and conception of a person's life as a unity. The Moral Background offers both an original account of the history of business ethics and a novel framework for understanding and investigating morality in general.

Author : Norman E. Bowie,Meg Schnieder
Publisher : John Wiley & Sons
Page : 326 pages
File Size : 42,5 Mb
Release : 2011-02-09
Category : Business & Economics
ISBN : 9781118020623

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Business Ethics For Dummies by Norman E. Bowie,Meg Schnieder Pdf

The tools you need to deal with ethical dilemmas in business In today's world, it's increasingly important for all businesses and government agencies to implement ethical conduct in the workplace. Therefore, business ethics has become required coursework for most students in undergraduate and postgraduate business programs. Mapping to a business ethics course, Business Ethics For Dummies examines ethical theory and discusses the moral issues facing corporate America. It covers topics such as conflicts of interest, trade secrets and insider trading, product safety and product liability, hiring, drug testing, sexual harassment, diversity, and much more. The basics of ethics and making ethical decisions How-tos on incorporating business ethics in the workplace A discussion of moral issues facing corporate America Packed with easy-to-understand explanations and examples, Business Ethics For Dummies is a helpful resource for students, professors, business owners, managers, and CEOs who seek a clear understanding of the importance of ethics.

Author : W. Michael Hoffman,Jennifer Mills Moore
Publisher : McGraw-Hill Companies
Page : 682 pages
File Size : 42,7 Mb
Release : 1990
Category : Business ethics
ISBN : UOM:35128001016458

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Business Ethics by W. Michael Hoffman,Jennifer Mills Moore Pdf

Author : Robin Cowan,Mario J. Rizzo
Publisher : University of Chicago Press
Page : 200 pages
File Size : 46,8 Mb
Release : 1995
Category : Business & Economics
ISBN : 0226116328

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Profits and Morality by Robin Cowan,Mario J. Rizzo Pdf

Are profits morally justifiable? While neoclassical economists have traditionally endorsed the pursuit of profits, many moral philosophers have challenged profit making on a variety of ethical grounds. Through the lenses of economics, philosophy, and law, these six essays explore the morality of profits from libertarian, utilitarian, and consequentialist perspectives. Presenting arguments for and against the morality of profit making, the contributors examine the nature of profits and which ethical theories can support them. Two essays address how profits are made: one explores entrepreneurship as a legitimate source of profit, while another argues that recent advances in welfare economics weaken the case for the morality of profits. The other chapters focus on ethical theory, covering the right to profits from economic rent; the morality of how profits are used—those directed toward library or university endowments, for example, are considered morally acceptable—and whether or not profits are deserved.

Author : Tibor R. Machan,James Chesher
Publisher : Rowman & Littlefield
Page : 280 pages
File Size : 45,8 Mb
Release : 2002
Category : Business & Economics
ISBN : 0742513890

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A Primer on Business Ethics by Tibor R. Machan,James Chesher Pdf

The authors begin their discussion of business ethics with the notion that business is an honorable profession, not a wild beast driven by crass self-interest.