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  1. Business Ethics: Game Theory.Garrett Pendergraft - 2023 - In Lakshmi B. Nair (ed.), Sage Business Foundations.
    Game theory involves deliberating about what to do in light of what other people are likely to do. One of the central frameworks of game theory is the prisoner’s dilemma, in which participants who make rational choices end up in suboptimal outcomes. Using the prisoner’s dilemma to model competition between firms sets the stage for a new and promising approach to business ethics: the market failures approach.
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  2. Karl Homann aus Perspektive kohärentistischer Wirtschaftsethik.Wolf Rogowski & Tanja Rechnitzer - 2023 - Zfwu Zeitschrift Für Wirtschafts- Und Unternehmensethik 24 (1):21-52.
    Abstract (German version follows): -/- This paper develops a new proposal for a coherentist business ethic in which ethically justified and empirically supported proposed solutions to economic problems are developed through a coherentist process of adjustments between the three levels of (1) conception of problem and its solution, (2) positive economic theory, and (3) ethical theories. Using an example, it illustrates how in this framework, Homann's business ethics gains in validity and relevance but loses its claim to universality. // -/- (...)
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  3. In Defence Of Wish Lists: Business Ethics, Professional Ethics, and Ordinary Morality.Matthew Sinnicks - 2023 - Business and Professional Ethics Journal 42 (1):79-107.
    Business ethics is often understood as a variety of professional ethics, and thus distinct from ordinary morality in an important way. This article seeks to challenge two ways of defending this claim: first, from the nature of business practice, and second, from the contribution of business. The former argument fails because it undermines our ability to rule out a professional-ethics approach to a number of disreputable practices. The latter argument fails because the contribution of business is extrinsic to business in (...)
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  4. Epistemic Dimensions of Risk Management.Lisa Warenski - 2023 - The Reasoner 17 (3):27-28.
    This very short paper highlights some of my recent and forthcoming work on “good epistemic practices” in the financial services industry. It identifies some epistemic dimensions of risk management in banking and illustrates how managing for good epistemic practices might be helpful.
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  5. Facing up to Conflicts Between Ethics and Profits: Against Wishful Thinking in Business.Brian Berkey - 2022 - In Nicholas Ind & Oriol Iglesias (eds.), In Good Conscience: Do the Right Thing While Building a Profitable Business. Springer. pp. 43-47.
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  6. Prospects for an Animal-Friendly Business Ethics.Brian Berkey - 2022 - In Natalie Thomas (ed.), Animals and Business Ethics. Palgrave-Macmillan. pp. 67-89.
    Despite the increased attention that has been paid in recent years to the significance of animal interests within moral and political philosophy, there has been virtually no discussion of the significance of animal interests within business ethics. This is rather troubling, since a great deal of the treatment of animals that will seem especially problematic to many people occurs in the context of business, broadly construed. In this chapter, I aim to extend the growing concern that our normative theories should (...)
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  7. What Should Business Ethics Be? Aims, Methodology, Substance.Brian Berkey - 2022 - In Guglielmo Faldetta, Edoardo Mollona & Massimiliano M. Pellegrini (eds.), Philosophy and Business Ethics: Organizations, CSR, and Moral Practice. pp. 13-40.
    Few would deny that some central questions in business ethics are normative. But there has been, and remains, much skepticism about the value of traditional philosophical approaches to answering these questions. I have three central aims in this chapter. The first is to defend traditional philosophical approaches to business ethics against the criticism that they are insufficiently practical. The second is to defend the view that the appropriate methodology for pursuing work in business ethics is largely continuous with the appropriate (...)
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  8. The Harm Principle and Corporate Welfare (or Market Libertarianism vs. Promotionism).Andrew Jason Cohen - 2022 - Georgetown Journal of Law and Public Policy 19:787-812.
    I aim in this paper to provide defense of one way to look at what should be regulated in the market place. In particular, I discuss what should be tolerated and argue against corporate welfare. I begin by endorsing John Stuart Mill’s harm principle as a normative principle of toleration. I call strict commitment to the harm principle when considering the regulatory structure of markets market libertarianism and oppose that to promotionism, the view that endorses government interference to promote business (...)
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  9. Run for Your Life: The Ethics of Behavioral Tracking in Insurance.Etye Steinberg - 2022 - Journal of Business Ethics 179 (3):665-682.
    In recent years, insurance companies have begun tracking their customers’ behaviors and price premiums accordingly. Based on the Market-Failures Approach as well as the Justice-Failures Approach, I provide an ethical analysis of the use of tracking technologies in the insurance industry. I focus on the use of telematics in car insurance and on the use of fitness tracking in life insurance. The use of tracking has some important benefits to policyholders and insurers alike: it reduces moral hazard and fraud, increases (...)
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  10. Rawlsian Institutionalism and Business Ethics: Does It Matter Whether Corporations Are Part of the Basic Structure of Society?Brian Berkey - 2021 - Business Ethics Quarterly 31 (2):179-209.
    In this article, I aim to clarify some key issues in the ongoing debate about the relationship between Rawlsian political philosophy and business ethics. First, I discuss precisely what we ought to be asking when we consider whether corporations are part of the “basic structure of society.” I suggest that the relevant questions have been mischaracterized in much of the existing debate, and that some key distinctions have been overlooked. I then argue that although Rawlsian theory’s potential implications for business (...)
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  11. Reshaping relations between the state and the private sector post-COVID-19? Exploring the social licence framework.Emma Borg & Charlotte Unruh - 2021 - Journal of the British Academy 9.
    During the COVID-19 pandemic governments across the globe have provided unparalleled support to private sector firms. As a result, new oversight mechanisms are urgently needed, to enable society to assess and, if necessary, redress, moves by firms which have taken government aid. Many jurisdictions have seen the introduction of ‘piecemeal’ conditionality on different pots of aid. This paper argues that a better response would be to adopt a more unified approach. In particular, the paper explores the social licence framework as (...)
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  12. A bar too high? On the use of practical wisdom in business ethics.Gregory Wolcott - 2020 - Business Ethics 29 (S1):17-32.
    In the business ethics literature, many argue that managerial decision making ought to be improved by more robust ethical concerns. Some see the virtue of “practical wisdom” as the key for improved managerial decision making. However, because of the epistemic limitations confronting decision makers in the face of irreducible market complexity, there is a risk that practical wisdom, employed in the context of day‐to‐day managerial decision making, becomes an impractical concept. Nevertheless, if the attempt to incorporate virtue ethics (and its (...)
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  13. Weeding Out Flawed Versions of Shareholder Primacy: A Reflection on the Moral Obligations That Carry Over from Principals to Agents.Santiago Mejia - 2019 - Business Ethics Quarterly 29 (4):519-544.
    ABSTRACT:The distinction between what I call nonelective obligations and discretionary obligations, a distinction that focuses on one particular thread of the distinction between perfect and imperfect duties, helps us to identify the obligations that carry over from principals to agents. Clarity on this issue is necessary to identify the moral obligations within “shareholder primacy”, which conceives of managers as agents of shareholders. My main claim is that the principal-agent relation requires agents to fulfill nonelective obligations, but it does not always (...)
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  14. Two Forms of Responsibility – Organizational and Societal.Robert Albin - 2018 - Philosophy of Management 17 (2):187-201.
    My aim in this article is twofold. First, I will illuminate the triangular conceptual connections between responsibility, authority, and power as they are exposed in the organizational realm; second, I will show how the three concepts are distinct. Relying on the work of Peter Strawson and his followers on responsibility for my point of departure, I will show that the connection between the inner corporational authority and its inner matching responsibility is different from the connection between the outer corporational forces (...)
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  15. Why Business Firms Have Moral Obligations to Mitigate Climate Change.Anne Schwenkenbecher - 2018 - In Martin Brueckner, Rochelle Spencer & Megan Paull (eds.), Disciplining the Undisciplined? Perspectives from Business, Society and Politics on Responsible Citizenship, Corporate Social Responsibility and Sustainability. Springer. pp. 55-70.
    Without doubt, the global challenges we are currently facing—above all world poverty and climate change—require collective solutions: states, national and international organizations, firms and business corporations as well as individuals must work together in order to remedy these problems. In this chapter, I discuss climate change mitigation as a collective action problem from the perspective of moral philosophy. In particular, I address and refute three arguments suggesting that business firms and corporations have no moral duty to reduce greenhouse gas emissions: (...)
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  16. Ethics in Responsible Investment: How to Incorporate Ethics into Investment Analysis.Shunsuke Sugimoto - 2018 - Revue Roumaine de Philosophie 62 (1):15-22.
    This paper examines ethics in finance, specifically related to responsible investment. In recent years, socially responsible principles are becoming the de facto standard not only for socially responsible but also for profitable investing. For instance, the United Nations developed the Principles for Responsible Investment (PRI) in 2006, which require institutional investors to incorporate ESG (Environmental, Social and Governance) issues into investment analysis and decision-making processes. This raises the following question: can responsible investments be justified from an ethical point of view? (...)
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  17. Property and Business.Bas Van Der Vossen - 2018 - In Eugene Heath, Byron Kaldis & Alexei Marcoux (eds.), The Routledge Handbook of Business Ethics. Routledge. pp. 309-325.
  18. Phenomenal consciousness, collective mentality, and collective moral responsibility.Matthew Baddorf - 2017 - Philosophical Studies 174 (11):2769-2786.
    Are corporations and other complex groups ever morally responsible in ways that do not reduce to the moral responsibility of their members? Christian List, Phillip Pettit, Kendy Hess, and David Copp have recently defended the idea that they can be. For them, complex groups (sometimes called collectives) can be irreducibly morally responsible because they satisfy the conditions for morally responsible agency; and this view is made more plausible by the claim (made by Theiner) that collectives can have minds. In this (...)
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  19. Corporate Crocodile Tears? On the Reactive Attitudes of Corporate Agents.Gunnar Björnsson & Kendy Hess - 2017 - Philosophy and Phenomenological Research 94 (2):273–298.
    Recently, a number of people have argued that certain entities embodied by groups of agents themselves qualify as agents, with their own beliefs, desires, and intentions; even, some claim, as moral agents. However, others have independently argued that fully-fledged moral agency involves a capacity for reactive attitudes such as guilt and indignation, and these capacities might seem beyond the ken of “collective” or “ corporate ” agents. Individuals embodying such agents can of course be ashamed, proud, or indignant about what (...)
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  20. "All Other Priorities Are Rescinded": The Moral Status of Employees in the Alien Franchise.James Okapal - 2017 - In Kevin S. Decker & Jeffrey Ewing (eds.), Alien and Philosophy: I Infest, Therefore I Am. Wiley. pp. 25-36.
    How can we understand the way the Weyland Corporation in the Alien Franchise devalues its employees? How can we explain our repulsion at such treatment. This article surveys several foundations for the the employee-employer relationship including stockholder theory, stockholder theory, and libertarian theories. The stockholder theory may be the operating view of the corporation, but is is morally questionable due to refusing to grant employees full moral status. The libertarian view is willing to grant employees full moral status, but in (...)
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  21. The Inapplicability of the Market-Failures Approach in a Non-Ideal World.Etye Steinberg - 2017 - Business Ethics Journal Review 5 (5):28-34.
    Joseph Heath (2014) argues that the contribution of competitive markets to Pareto-efficiency generates moral constraints that apply to business managers. Heath argues that ethical behavior on the part of management consists in avoiding profit-seeking strategies which, under conditions of perfect competition, would decrease Pareto-efficiency. I argue that because (1) such conditions do not obtain; and (2) the most efficient result – under imperfect conditions – is not achieved by satisfying the largest possible set of the remaining conditions; it is (3) (...)
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  22. Order Ethics: Bridging the Gap Between Contractarianism and Business Ethics.Christoph Luetge, Thomas Armbrüster & Julian Müller - 2016 - Journal of Business Ethics 136 (4):687-697.
    Contract-based approaches have been a focus of attention in business ethics. As one of the grand traditions in political philosophy, contractarianism is founded on the notion that we will never resolve deep moral disagreement. Classical philosophers like Hobbes and Locke, or recent ones like Rawls and Gaus, seek to solve ethical conflicts on the level of social rules and procedures. Recent authors in business ethics have sought to utilize contract-based approaches for their field and to apply it to concrete business (...)
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  23. Order Ethics: An Ethical Framework for the Social Market Economy.Christoph Luetge & Nikil Mukerji (eds.) - 2016 - Cham: Springer.
    This book examines the theoretical foundations of order ethics and discusses business ethics problems from an order ethics perspective. Order ethics focuses on the social order and the institutional environment in which individuals interact. It is a well-established paradigm in European business ethics. The book contains articles written by leading experts in the field and provides both a concise introduction to order ethics and short summary articles homing in on specific aspects of the order-ethical paradigm. It presents contributions describing fundamental (...)
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  24. Karl Homann, Sollen und Können - Grenzen und Bedingungen der Individualmoral. [REVIEW]Nikil Mukerji - 2016 - Philosophisches Jahrbuch 123 (1):262-264.
    Karl Homann ist vor allem als Wirtschaftsethiker bekannt. Er war der erste Inhaber eines wirtschaftsethischen Lehrstuhls und gilt als einer derjenigen Autoren, die das Fach Wirtschaftsethik im deutschen Sprachraum maßgeblich geprägt haben. Dabei hat Homann seinen wirtschaftsethischen Theorieentwurf nie als eine schlichte Anwendung ethischer Grundsätze auf Fragen des Wirtschaftens verstanden. Vielmehr begriff er ihn als allgemeinen ethischen Ansatz mit ökonomischer Methode. Im Rahmen dieses Ansatzes sollte die abendländische Moral ökonomisch rekonstruiert werden, um sie so unter den Bedingungen moderner Gesellschaften mit (...)
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  25. Economic rationality and the optimization trap.Nikil Mukerji & Julian Nida-Rümelin - 2015 - St. Gallen Business Review 2015 (1):12-17.
    The theme of this issue of the St. Gallen Business Review is "Harmony". For this reason, we would like to discuss whether two aspects of our life- world are in harmony, namely economic optimization and morality. What is the relation between them? According to a widely shared view, which is one aspect of the doctrine of "mainstream economics", the functioning of an economic system does not require moral behaviour on the part of the individual economic agent. In what follows, we (...)
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  26. Moral economy and normative ethics.Joakim Sandberg - 2015 - Journal of Global Ethics 11 (2):176-187.
    ‘Moral economy’ has become a popular concept in empirical research in disciplines such as history, anthropology, sociology and political science. This research utilizes normative concepts and has obvious normative implications and relevance. However, there has been little to no dialogue between this research and philosophers working on normative ethics. The present article seeks to remedy this situation by highlighting fertile points of dialogue between descriptive and normative ethicists. The proposition is that empirical researchers can become more precise and stringent in (...)
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  27. Do Property Rights Presuppose Scarcity?David Faraci - 2014 - Journal of Business Ethics 125 (3):531-537.
    There is a common view, dating back at least to Hume, that property rights presuppose scarcity. This paper is a critical examination of that thesis. In addition to questioning the thesis, the paper highlights the need to divorce the debate over this thesis from the debate over Intellectual Property (IP) rights (the area where it is most frequently applied). I begin by laying out the thesis’ major line of defense. In brief, the argument is that (1) property rights are legitimate (...)
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  28. Kompetenz, Selbstwirksamkeitserwartung und die Rolle von Vorbildern in der Ordnungsethik [The importance of moral competence, self-efficacy and role models for order ethics].Michael Von Grundherr - 2014 - Zeitschrift Für Wirtschafts- Und Unternehmensethik 15 (3):319-334.
    According to the order ethics approach to business ethics, moral rules must be im-plemented by institutions that provide incentives for following the rules. As a minimal (normative) condition, these institutions must be able to motivate the homo eco-nomicus. But even if an institution passes this test, it will only motivate actual people (i.e. the homo psychologicus) to follow moral rules, if they have the relevant compe-tences and self-efficacy beliefs. Consequently, good institutional design includes com-prehensive change management. At this point applied (...)
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  29. Business Ethics and Risk Management.Johanna Jauernig & Christoph Luetge (eds.) - 2013 - Dordrecht: Springer.
    This volume explores various aspects of risk taking. It offers an analysis of financial, entrepreneurial and social risks, as well as a discussion of the ethical implications of empirical findings. The main issues examined in the book are the financial crisis and its implications for business ethics. The book discusses unethical behaviour as a reputational risk (e.g., in the case of Goldman Sachs) and the question is raised as to what extent the financial crisis has changed the banks’ entrepreneurial strategy. (...)
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  30. The Idea of a Contractarian Business Ethics.Christoph Luetge - 2013 - In Christopher Luetege (ed.), Handbook of the Philosophical Foundations of Business Ethics. Springer. pp. 647--658.
    This chapter discusses two major approaches to business ethics which rest on the foundation of social contract theory: the contractualist position of Integrative Social Contracts Theory (ISCT) and the contractarian position of Order Ethics. Both are summarized and analyzed critically. It turns out that Order Ethics might remedy some defects of ISCT.
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  31. Handbook of the Philosophical Foundations of Business Ethics.Christoph Lütge (ed.) - 2013 - Heidelberg: Springer.
    The Handbook of Business Ethics: Philosophical Foundations is a standard interdisciplinary reference handbook in the field of business ethics. Articles by notable philosophers and economists examine fundamental concepts, theories and questions of business ethics: Are morality and self-interest compatible? What is meant by a just price? What did the Scholastic philosophers think about business? The handbook will cover the entire philosophical basis of business ethics. Articles range from historical positions such as Aristotelianism, Kantianism and Marxism to systematic issues like justice, (...)
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  32. The Contained-Rivalry Requirement and a 'Triple Feature' Program for Business Ethics.Dominic Martin - 2013 - Journal of Business Ethics 115 (1):167-182.
    This paper proposes a description of the moral obligations of economic agents. It will show that a threefold division should be adopted to distinguish moral obligations applying to their interactions in the market, obligations applying to their interactions inside business firms and obligations applying to their interactions with agents outside the market. Competition might be permissible in the first case since markets are special patterns of social interactions (called adversarial schemes). They produce their benefits when agents try to satisfy exclusive (...)
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  33. Personalist Business Ethics and Humanistic Management: Insights from Jacques Maritain. [REVIEW]Alma Acevedo - 2012 - Journal of Business Ethics 105 (2):197-219.
    The integration of personalism into business ethics has been recently studied. Research has also been conducted on humanistic management approaches. The conceptual relationship between personalism and humanism , however, has not been fully addressed. This article furthers that research by arguing that a true humanistic management is personalistic. Moreover, it claims that personalism is promising as a sound philosophical foundation for business ethics. Insights from Jacques Maritain’s work are discussed in support of these conclusions. Of particular interest is his distinction (...)
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  34. The Firm as a “Community of Persons”: A Pillar of Humanistic Business Ethos.Domènec Melé - 2012 - Journal of Business Ethics 106 (1):89-101.
    The article starts by arguing that seeing the firm as a mere nexus of contracts or as an abstract entity where different stakeholder interests concur is insufficient for a “humanistic business ethos”, which entails a complete view of the human being. It seems more appropriate to understand the firm as a human community, a concept which can be found in several sources, including managerial literature, business ethics scholars, and Catholic Social Teaching. In addition, there are also philosophical grounds that support (...)
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  35. Institutional Logics in the Study of Organizations: The Social Construction of the Relationship between Corporate Social and Financial Performance.Marc Orlitzky - 2011 - Business Ethics Quarterly 21 (3):409-444.
    ABSTRACT:This study examines whether the empirical evidence on the relationship between corporate social performance (CSP) and corporate financial performance (CFP) differs depending on the publication outlet in which that evidence appears. This moderator meta-analysis, based on a total sample size of 33,878 observations, suggests that published CSP-CFP findings have been shaped by differences in institutional logics in different subdisciplines of organization studies. In economics, finance, and accounting journals, the average correlations were only about half the magnitude of the findings published (...)
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  36. Rethinking Capitalism: Community and Responsibility in Business, by Rogene A. Buchholz. New York: Routledge, 2009.Diane L. Swanson - 2011 - Business Ethics Quarterly 21 (3):547-550.
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  37. Doing Well and Good: The Human Face of the New Capitalism.Julian Friedland (ed.) - 2009 - Information Age.
    Ethical business creates social value. That’s the theme of this bold new volume, heralding and defending this rapidly-growing new conception of capitalism making its way into the mainstream. It provides clear and succinct guidelines for how to evaluate what counts as an ethical business as well as how and why ethical businesses tend to succeed better over the long term. The book is jargon-free and targeted primarily at thought leaders and academics in business and philosophy who will want to use (...)
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  38. Business ethics: An overview.Jeffrey Moriarty - 2008 - Philosophy Compass 3 (5):956-972.
    This essay provides an overview of business ethics. I describe important issues, identify some of the normative considerations animating them, and offer a roadmap of references for those wishing to learn more. I focus on issues in normative business ethics, but discuss briefly the growing body of work in descriptive business ethics. I conclude with a comment on the changing nature of the field.
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  39. Allhoff on Business Bluffing.Jukka Varelius - 2006 - Journal of Business Ethics 65 (2):163-171.
    The moral status of business bluffing is a controversial issue. On the one hand, bluffing would seem to be relevantly similar to lying and deception. Because of this, business bluffing can be taken to be an activity that is at least prima facie morally condemnable. On the other hand, it has often been claimed that in business bluffing is part of the game and that therefore there is nothing morally questionable in business bluffing. In a recent issue of this journal, (...)
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  40. Economic ethics, business ethics and the idea of mutual advantages.Christoph Luetge - 2005 - Business Ethics 14 (2):108-118.
    Many traditional conceptions of ethics use categories and arguments that have been developed under conditions of pre-modern societies and are not useful in the age of globalisation anymore. I argue that we need an economic ethics which employs economics as a key theoretical resource and which focuses on institutions for implementing moral norms. This conception is then elaborated further in the area of business ethics. It is illustrated in the case for banning child labour.
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  41. No Character or Personality.Gilbert Harman - 2003 - Business Ethics Quarterly 13 (1):87-94.
    Solomon argues that, although recent research in social psychology has important implications for business ethics, it does not undermine an approach that stresses virtue ethics. However, he underestimates the empirical threat to virtue ethics, and his a priori claim that empirical research cannot overturn our ordinary moral psychology is overstated. His appeal to seemingly obvious differences in character traits between people simply illustrates the fundamental attribution error. His suggestion that the Milgram and Darley and Batson experiments have to do with (...)
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  42. “Friedman’s Stockholder Theory of Corporate Moral Responsibility.Sean McAleer - 2003 - Teaching Business Ethics 7 (4):437-51.
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  43. Business ethics: A helpful hybrid in search of integrity.Edmund F. Byrne - 2002 - Journal of Business Ethics 37 (2):121 - 133.
    What sort of connection is there between business ethics and philosophy? The answer given here: a weak one, but it may be getting stronger. Comparatively few business ethics articles are structurally dependent on mainstream academic philosophy or on such sub-specialities thereof as normative ethics, moral theory, and social and political philosophy. Examining articles recently published in the Journal of Business Ethics that declare some dependence, the author finds that such declarations often constitute only a pro forma gesture which could be (...)
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  44. Werte - Risiko - Verantwortung. Dimensionen des Value Managements.Mathias Schüz - 1999 - Gerling Akademie Verlag.
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  45. Peter French, corporate ethics and the wizard of oz.Michael J. Kerlin - 1997 - Journal of Business Ethics 16 (12-13):1431-1438.
    For more than two decades, Peter French has been arguing in books, articles and symposia that corporations are genuine actors in the moral universe. Like adult human beings, they can and should take moral responsibility for their actions and be held accountable by the other actors in this universe. I have always argued with my students that the position is both metaphysically incorrect and practically harmful. Now (1995) French has redeveloped his position through 380 pages in Corporate Ethics, probably the (...)
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  46. Morali e mercati. Alcuni contributi recenti alla dissoluzione di una radicata antinomia.Sergio Volodia Marcello Cremaschi - 1996 - Quaderni di Azione Sociale 41 (4):55-70.
    The article sets out to reconstruct the ongoing re-discussion of role of morality in the economic subsystem. Traditional dichotomies between selfishness and benevolence, individual and collective interest, equality and efficiency have been shown to need more cautious reformulation. The claim is that, rather than taking sides for or against the reasons of ‘man’ or ‘solidarity’ against alleged reasons of the economy or the market, what is required is better understanding of the ways economies and markets work.
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  47. Values and the foundations of strategic management.R. Edward Freeman, Daniel R. Gilbert & Edwin Hartman - 1988 - Journal of Business Ethics 7 (11):821 - 834.
    The purpose of this paper is to analyze the role of values in strategic management. We discuss recent criticisms of the concept of strategy and argue that the concept of value helps reconcile these criticisms with traditional models of strategy. We show that Andrews' model of corporate strategy rightly takes morally significant values to be essential to effective management. We show how the notion of value can be clarified and used in research into various conceptions of corporate morality.
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