Ethical transparency and economic medicalization

Journal of Business Ethics 86 (3):313 - 325 (2009)
This article introduces the concept of economic medicalization where non-medical problems are transformed into medical problems in order to achieve the objective of corporate shareholder wealth maximization. Following an overview of the differences in ethical norms applicable to medical ethics and business ethics, the economic medicalization of medical research practice and publication is examined in some detail. This motivates a general discussion of the problems involved in the ethical approval process for medical research that balances the interests of both business and government in the market for medical products and services.
Keywords shareholder wealth maximization  medicalization  bioethics  medical ethics
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