David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 72 (4):359 - 374 (2007)
In the economic literature on the firm, especially in the transaction–cost tradition, a sharp distinction is drawn between so-called “market transactions” and “administered transactions.” This distinction is of enormous importance for business ethics, since market transactions are governed by the competitive logic of the market, whereas administered transactions are subject to the cooperative norms that govern collective action in a bureaucracy. The widespread failure to distinguish between these two types of transactions, and thus to distinguish between adversarial and non-adversarial relations, has led many business ethicists to develop a “uniform” moral code. Yet in market transactions, the checks and balances built into the system of commercial exchange are such as to permit more instrumental forms of behavior. In administered transactions, by contrast, these checks and balances are absent, and thus the institutional context calls for much greater exercise of moral restraint. In this paper, I begin the task of developing an adversarial ethic for business. According to this view, the competitive environment licenses a greater range of “self-interested” behavior, but also imposes its own constraints on the strategies that firms may adopt in the pursuit of their interests.
|Keywords||adversarial ethics competition market failure corporate social responsibility philosophy of sport|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
Pierre-Yves Néron (2010). Business and the Polis: What Does It Mean to See Corporations as Political Actors? [REVIEW] Journal of Business Ethics 94 (3):333-352.
Maurice Hamington (2009). Business is Not a Game: The Metaphoric Fallacy. [REVIEW] Journal of Business Ethics 86 (4):473 - 484.
Wayne Norman (2011). Business Ethics as Self-Regulation: Why Principles That Ground Regulations Should Be Used to Ground Beyond-Compliance Norms as Well. [REVIEW] Journal of Business Ethics 102 (S1):43-57.
Joseph Heath (2011). Business Ethics and the 'End of History' in Corporate Law. Journal of Business Ethics 102 (S1):5-20.
Dominic Martin (2013). The Contained-Rivalry Requirement and a 'Triple Feature' Program for Business Ethics. Journal of Business Ethics 115 (1):167-182.
Similar books and articles
Blaine McCormick (2001). Make Money, Not War: A Brief Critique of Sun Tzu's the Art of War. [REVIEW] Journal of Business Ethics 29 (3):285 - 286.
David Wood (1994). Business Justice: Transactions, Resources, and Organisations. [REVIEW] Journal of Business Ethics 13 (6):481 - 486.
Janet S. Walker (1992). “Greed is Good” ... Or is It? Economic Ideology and Moral Tension in a Graduate School of Business. Journal of Business Ethics 11 (4):273 - 283.
Peter-Jan Engelen & Luc Van Liedekerke (2007). The Ethics of Insider Trading Revisited. Journal of Business Ethics 74 (4):497 - 507.
Sandra L. Christensen & Brian Grinder (2001). Justice and Financial Market Allocation of the Social Costs of Business. Journal of Business Ethics 29 (1-2):105 - 112.
Sigmund Wagner-Tsukamoto (2005). An Economic Approach to Business Ethics: Moral Agency of the Firm and the Enabling and Constraining Effects of Economic Institutions and Interactions in a Market Economy. [REVIEW] Journal of Business Ethics 60 (1):75 - 89.
Joseph Heath (2006). Business Ethics Without Stakeholders. Business Ethics Quarterly 16 (4):533-558.
Alan Strudler (2002). The Ethical and Environmental Limits of Stakeholder Theory. Business Ethics Quarterly 12 (2):215-233.
Eric W. Orts & Alan Strudler (2002). The Ethical and Environmental Limits of Stakeholder Theory. Business Ethics Quarterly 12 (2):215-234.
Added to index2009-01-28
Total downloads4 ( #289,040 of 1,410,137 )
Recent downloads (6 months)2 ( #107,954 of 1,410,137 )
How can I increase my downloads?