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Morality Competition And The Firm
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Book Synopsis Morality, Competition, and the Firm by : Joseph Heath
Download or read book Morality, Competition, and the Firm written by Joseph Heath and published by Oxford University Press. This book was released on 2014 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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"--
Book Synopsis Ethics for Capitalists by : Joseph Heath
Download or read book Ethics for Capitalists written by Joseph Heath and published by FriesenPress. This book was released on 2023-04-11 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Moral Background by : Gabriel Abend
Download or read book The Moral Background written by Gabriel Abend and published by Princeton University Press. This book was released on 2016-05-31 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Ethics of Competition by : Christoph Lütge
Download or read book The Ethics of Competition written by Christoph Lütge and published by Edward Elgar Publishing. This book was released on 2019 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Morality of Business by : Tibor R. Machan
Download or read book The Morality of Business written by Tibor R. Machan and published by Springer Science & Business Media. This book was released on 2008-01-11 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Morality, Competition, and the Firm by : Joseph Heath
Download or read book Morality, Competition, and the Firm written by Joseph Heath and published by Oxford University Press. This book was released on 2014-08-01 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Words, Objects and Events in Economics by : Peter Róna
Download or read book Words, Objects and Events in Economics written by Peter Róna and published by Springer Nature. This book was released on 2020-09-03 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Moral Responsibility of Firms by : Eric W. Orts
Download or read book The Moral Responsibility of Firms written by Eric W. Orts and published by Oxford University Press. This book was released on 2017 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Business Ethics by : W. Michael Hoffman
Download or read book Business Ethics written by W. Michael Hoffman and published by John Wiley & Sons. This book was released on 2014-01-02 with total page 704 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
Book Synopsis A Primer on Business Ethics by : Tibor R. Machan
Download or read book A Primer on Business Ethics written by Tibor R. Machan and published by Rowman & Littlefield. This book was released on 2002 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Morals of Monopoly and Competition by : Homer Blosser Reed
Download or read book The Morals of Monopoly and Competition written by Homer Blosser Reed and published by . This book was released on 1916 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Business Ethics written by Norman Barry and published by Springer. This book was released on 2016-07-27 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an examination of the contemporary ethical problems of business in a philosophical context. It analyses various types of capitalism, in particular, the Anglo-American type which is practised primarily in the English-speaking world, and is exemplified by the commercial and financial systems of Wall Street and the City of London. This analysis includes an examination of the corporation, the ethics of the stock market, the morality of take-overs and the problem of business and the environment.
Book Synopsis Business Ethics by : Frank Chapman Sharp
Download or read book Business Ethics written by Frank Chapman Sharp and published by . This book was released on 1937 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traces the author's visits to key areas in the life of Davy Crockett, including the legendary frontiersman's Tennessee River Valley home and the Alamo site in Texas, exploring Crockett's true life and enduring cultural influence.
Book Synopsis Business Ethics For Dummies by : Norman E. Bowie
Download or read book Business Ethics For Dummies written by Norman E. Bowie and published by John Wiley & Sons. This book was released on 2011-02-09 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Ethics of Competition by : Frank Hyneman Knight
Download or read book The Ethics of Competition written by Frank Hyneman Knight and published by Books for Libraries. This book was released on 1969 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Ethics and Excellence by : Robert C. Solomon
Download or read book Ethics and Excellence written by Robert C. Solomon and published by Oxford University Press, USA. This book was released on 1992 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Greek philosopher Aristotle, writing over two thousand years before Wall Street, called people who engaged in activities which did not contribute to society "parasites." In his latest work, renowned scholar Robert C. Solomon asserts that though capitalism may require capital, but it does not require, much less should it be defined by the parasites it inevitably attracts. Capitalism has succeeded not with brute strength or because it has made people rich, but because it has produced responsible citizens and--however unevenly--prosperous communities. It cannot tolerate a conception of business that focuses solely on income and vulgarity while ignoring traditional virtues of responsibility, community, and integrity. Many feel that there is too much lip-service and not enough understanding of the importance of cooperation and integrity in corporate life. This book rejects the myths and metaphors of war-like competition that cloud business thinking and develops an "Aristotelean" theory of business. The author's approach emphasizes several core concepts: the corporation as community, the search for excellence, the importance of integrity and sound judgment, as well as a more cooperative and humane vision of business. Solomon stresses the virtues of honesty, trust, fairness, and compassion in the competitive business world, and confronts the problem of "moral mazes" and what he posits as its solution--moral courage.
Book Synopsis Business Ethics and Common Sense by : Robert McGee
Download or read book Business Ethics and Common Sense written by Robert McGee and published by Praeger. This book was released on 1992-10-23 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many business ethics books take a basically collectivist approach to the subject. They speak in terms of collective rights and interests, the public interest, social justice, the greatest good for the greatest number, and so forth. If individualism is mentioned at all, it is mentioned disparagingly. This book takes a different approach. While some of the contributors to this volume take the more popular, collectivist approach, many of them do not. Thus, this book offers a more balanced presentation of business ethics than that found in most books on the subject. The book is divided into four parts. The contributors to Part I offer an enlightening look at the philosophical foundations of business ethics via discussions on the teaching of business ethics, on the relationship between capitalism and morality, on the philosophical concepts of selfishness, exploitation, and the profit motive, as well as a unique chapter where business ethics issues are looked at against the foil of the philosophy of Ayn Rand. Part II addresses business ethics issues that involve the relationship of the corporation to outsiders. Among the topics discussed are the concept of corporate duty and social responsibility, environmental issues, and business ethics applied to so-called anti-competitive practices. Part III discusses some issues regarding the responsibility of the corporation to insiders, and Part IV covers some of the ethical responsibilities of employees and the corporation. A major contribution to the field of business ethics, this edited work is recommended for scholars, practitioners, and the general public.
