David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 89 (4):525 - 538 (2009)
I perform an economic and ethical analysis on wealth and income inequality. Economists have performed many statistical studies that reveal a number of, often contradictory, findings in connection with the distribution of wealth and income. Hence, the statistical findings leave us with no better knowledge of the effects that inequality has on economic progress. At the same time, the existing theoretical results have not provided us with a definitive answer concerning the effects of inequality on progress. By gaining knowledge of the nature of inequality, and bringing basic economic principles to bear on the subject, we can come to an understanding of what the causal relationship is between inequality and economic progress. Furthermore, I apply a new theory of ethics – rational egoism – to assess economic inequality. I show that, in the right context, economic inequality is both economically and morally desirable.
|Keywords||altruism economic inequality rational egoism voluntary trade wealth and income inequality|
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References found in this work BETA
Leonard Peikoff (1982). The Ominous Parallels: The End of Freedom in America. Stein and Day/Publishers.
Tara Smith (2008). Ayn Rand's Normative Ethics: The Virtuous Egoist. Business Ethics Quarterly 18 (1):117-126.
Tara Smith (2000). Viable Values: A Study of Life as the Root and Reward of Morality. Rowman & Littlefield Publishers.
Citations of this work BETA
Jaana Woiceshyn (2011). A Model for Ethical Decision Making in Business: Reasoning, Intuition, and Rational Moral Principles. [REVIEW] Journal of Business Ethics 104 (3):311-323.
Chung-wen Chen (2013). Are Workers More Likely to Be Deviant Than Managers? A Cross-National Analysis. Journal of Business Ethics:1-13.
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