Moral luck and business ethics

Journal of Business Ethics 83 (4):773 - 787 (2008)
Abstract
Moral luck – which seems to appear when circumstances beyond a person’s control influence our moral attributions of praise and blame – is troubling in that modern moral theory has supposed morality to be immune to luck. In business, moral luck commonly influences our moral judgments, many of which have economic consequences that cannot be reversed. The possibility that the chance intervention of luck could influence the way in which we assign moral accountability in business ethics is unsettling. This paper argues that if we cannot explain moral luck away, we should give consideration to moral risk in our moral judgments and the associated assignment of economic rewards regarding episodes in which moral luck plays a role.
Keywords luck  risk  moral hazard  business ethics  Gauguin  river blindness  executive compensation
Categories (categorize this paper)
Options
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
 
Download options
PhilPapers Archive


Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 10,747
External links
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
Matt Bloom (2004). The Ethics of Compensation Systems. Journal of Business Ethics 52 (2):149-152.
James C. Dick (1975). How to Justify a Distribution of Earnings. Philosophy and Public Affairs 4 (3):248-272.

View all 13 references

Citations of this work BETA
Similar books and articles
Nafsika Athanassoulis (2005). Common-Sense Virtue Ethics and Moral Luck. Ethical Theory and Moral Practice 8 (3):265 - 276.
Paul Farwell (1994). Aristotle, Success, and Moral Luck. Journal of Philosophical Research 19:37-50.
David Enoch (2010). Cognitive Biases and Moral Luck. Journal of Moral Philosophy 7 (3):372-386.
Andrew Latus (2000). Moral and Epistemic Luck. Journal of Philosophical Research 25:149-172.
Chengping Zhang (2010). Moral Luck in Thomas Hardy's Fiction. Philosophy and Literature 34 (1):pp. 82-94.
David Enoch (2010). Moral Luck and the Law. Philosophy Compass 5 (1):42-54.
Jeffrey Whitman (2008). Moral Luck and the Professions. Business and Professional Ethics Journal 27 (1/4):35-54.
Analytics

Monthly downloads

Added to index

2009-01-28

Total downloads

45 ( #36,185 of 1,098,834 )

Recent downloads (6 months)

4 ( #79,596 of 1,098,834 )

How can I increase my downloads?

My notes
Sign in to use this feature


Discussion
Start a new thread
Order:
There  are no threads in this forum
Nothing in this forum yet.