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  1. Competition as an ambiguous discovery procedure: A reappraisal of F. A. Hayek's epistemic market liberalism: Ulrich Witt.Ulrich Witt - 2013 - Economics and Philosophy 29 (1):121-138.
    Epistemic arguments play a significant role in the foundations of market liberalism as exemplified, in particular, by the work of F. A. Hayek. Competition in free markets is claimed to be the most effective device both to utilize the knowledge dispersed throughout society as well as create new knowledge through innovation competition. The fast pace with which new economic opportunities are discovered and costs are reduced is considered proof of the benefits of free markets to the common good. However, with (...)
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  • Markets or Democracy for Education? A Reply to Stewart Ranson.James Tooley - 1995 - British Journal of Educational Studies 43 (1):21-34.
    This paper, which offers a positive assessment of the role of markets in education, is a 'reply' to an earlier contribution to the Journal in which Stewart Ranson argues that markets are intrinsically flawed as a vehicle for improving educational opportunities. The 'reply', among other things, argues that Ranson fails to address the shortcomings of education under democratic control and ignores the educational benefits of authentic markets.
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  • Making Meaning and Using Natural Resources: Education and Sustainability.Andrew Stables - 2010 - Journal of Philosophy of Education 44 (1):137-151.
    A natural resource is not given, but depends on human knowledge for its exploitation. Thus a ‘unit of resource’ is, to a significant degree, a ‘unit of meaning’, and education is potentially important not only for the use of resources but also for their creation. The paper draws on poststructuralism to confirm the intuition that it would be misleading to conceive of ‘units’ of meaning. However, it is commonly acceptable to conceive of ‘units’ of resource, as in much discussion around (...)
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  • Friedman, Liberalism and the Meaning of Negative Freedom.Vardaman R. Smith - 1998 - Economics and Philosophy 14 (1):75-93.
    In the ‘Introduction’ to Capitalism and Freedom, Friedman's stated intentions are to: establish the role of competitive capitalism as a system of economic freedom and a necessary condition for political freedom; indicate the proper role of government in a free society; and return the term ‘liberal’ ‘… to its original sense – as the doctrines pertaining to a free man’. In fact, Friedman accomplishes none of these things. This essay has three distinct, though related, objectives: first, to compare Friedman's position (...)
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  • Coercive Interference and Moral Judgment.Jan-Willem van der Rijt - 2011 - Ethical Theory and Moral Practice 14 (5):549 - 567.
    Coercion is by its very nature hostile to the individual subjected to it. At the same time, it often is a necessary evil: political life cannot function without at least some instances of coercion. Hence, it is not surprising that coercion has been the topic of heated philosophical debate for many decades. Though numerous accounts have been put forth in the literature, relatively little attention has been paid to the question what exactly being subjected to coercion does to an individual (...)
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  • The discourses of neoliberal hegemony: The case of the irish republic.Sean Phelan - 2007 - Critical Discourse Studies 4 (1):29-48.
    The Irish Republic's economic success story has been simultaneously regarded as antithetical to and indicative of neoliberal hegemony. The question of the neoliberal pedigree of the Irish case is explored here from the perspective of mediatized representations of political economy. The paper's argument is advanced in three distinct stages. First, it outlines a theoretical and methodological rationale for the analysis itself. Second, it formulates a summary account of neoliberalism as discourse and ideology, introducing a key analytical distinction between ‘transparent’ and (...)
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  • A Christian or a Laic Europe? Christian Values and European Identity.Agustín José Menéndez - 2005 - Ratio Juris 18 (2):179-205.
    European constitutional traditions share a commitment to freedom of conscience and religion, but differ on their interpretation of whether such freedoms do or do not require a clear cut separation of state and church. Weiler has advocated that the writing of a Constitution for the European Union is a very apt moment to reconsider the conceptualization of freedom of conscience and religion. On constitutional and historical grounds, he has advocated that a reference to Christian values should be made in the (...)
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  • No Malibu Surfer Left Behind: Three Tales About Market Coercion.Åsbjørn Melkevik - 2017 - Business Ethics Quarterly 27 (3):335-351.
    This article examines the question of private coercion in market societies, arguing for an unconditional basic income guarantee from a classical liberal viewpoint. It proposes three main arguments. First, classical liberals view the purpose of government to be the reduction of coercion, both public and private. Second, a proper understanding of the nature of coercion indicates that parties subject to certain types of hardship are being coerced. Third, where the total amount of coercion is reduced by eliminating the hardship, the (...)
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  • High interest, low demand, and Keynes: Rejoinder to Hill and Felix.Roger W. Garrison - 1994 - Critical Review: A Journal of Politics and Society 8 (3):451-460.
    Keynes's theory of interest is central to his broader argument. However, short‐run policy, which takes the so‐called normal rate of interest as given and aims at affecting the prevailing rate, must be distinguished from long‐run reform, which aims at changing the normal rate. The low demand that Keynes associated with high interest was believed to be inherent in a decentralized, consumption‐oriented economy. Consequently, he advocated reform in the direction of central control. Despite his “moral and philosophical” agreement with Hayek's Road (...)
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  • La Concepción del Hombre de Friedrich Hayek.Estévez Jorge Vergara - 2016 - Revista de filosofía (Chile) 65:161-176.
    En este artículo se ofrece una presentación de los aspectos centrales de la concepción del hombre de Hayek y una breve refl exión sobre ella. Primero, se expone su concepción de lo que es el hombre: un ser individualista, cuya evolución histórica conduce a la "sociedad extendida", y creador de normas y tradiciones. A continuación, se caracterizan sus principales dimensiones: la ética es heterónoma y coincide con las reglas sociales; su razón es limitada; la libertad es individual, negativa, y se (...)
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  • A Reappraisal of Friedrich A. Hayek's Cultural Evolutionism: Martin De Vlieghere.Martin de Vlieghere - 1994 - Economics and Philosophy 10 (2):285-304.
    In spite of the important discoveries made by Adam Smith and later by the economists of the Austrian School, Friedrich Hayek remained intellectually challenged by the miracle of the price mechanism. As it turned out there was still some pioneering to do in describing the price mechanism. This became clear when Hayek identified the dispersal of information relevant to exchange transactions as the central issue of economic study. In the context of his distinction between competition as a state of things (...)
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  • The Postmodern Moments of F. A. Hayek'S Economics.Theodore A. Burczak - 1994 - Economics and Philosophy 10 (1):31-58.
    Postmodernism is often characterized, among other things, as the belief in the unattainability of objective truth and as a rejection of teleological and reductionist, or essentialist, forms of thought. For instance, in his provocative book The Rhetoric of Economics, Donald McCloskey sketches the implications for economic methodology of Richard Rorty's rejection of the modernist quest for Truth, as represented by various rationalist and empiricist epistemologies. McCloskey describes modernist methodology as displaying a desire to predict and control, a search for objective–;which (...)
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  • Public sociology and democratic theory.Stephen P. Turner - 2007 - In Jeroen Van Bouwel (ed.), The Social Sciences and Democracy. Palgrave-Macmillan.
    Sociology, as conceived by Comte, was to put an end to the anarchy of opinions characteristic of liberal democracy by replacing opinion with the truths of sociology, imposed through indoctrination. Later sociologists backed away from this, making sociology acceptable to liberal democracy by being politically neutral. The critics of this solution asked 'whose side are we on?' Burawoy provides a novel justification for advocacy scholarship in sociology. Public sociology is intended to have political effects, but also to be funded by (...)
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  • Wages, Talents, and Egalitarianism.Andrew Lister - 2018 - Erasmus Journal for Philosophy and Economics 11 (2):34-56.
    This paper compares Joseph Heath’s critique of the just deserts rationale for markets with an earlier critique due to Frank Knight, Milton Friedman, and Friedrich Hayek. Heath shares their emphasis upon the role of luck in prices based on supply and demand. Yet he avoids their claim that the inheritance of human capital is on a moral par with the inheritance of ordinary capital, as a basis for unequal shares of the social product. Heath prefers to argue that markets do (...)
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  • Difference as an occasion for rights: A feminist rethinking of rights, liberalism, and difference.Nancy J. Hirschmann - 1999 - Critical Review of International Social and Political Philosophy 2 (1):27-55.
    (1999). Difference as an occasion for rights: A feminist rethinking of rights, liberalism, and difference. Critical Review of International Social and Political Philosophy: Vol. 2, Feminism, Identity and Difference, pp. 27-55.
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  • The rule of law and the rule of persons.Richard Bellamy - 2001 - Critical Review of International Social and Political Philosophy 4 (4):221-251.
    (2001). The rule of law and the rule of persons. Critical Review of International Social and Political Philosophy: Vol. 4, Trusting in Reason: Martin Hollis and the Philosophy of Social Action, pp. 221-251.
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  • After the War?: How the Ukraine War Challenges Political Theories.Anton Leist & Rolf Zimmermann (eds.) - 2024 - De Gruyter.
    Russia’s war against Ukraine has grave consequences in several political categories. These include: a reassessment of the school of ‘political realism’, one of whose proponents claims to have predicted the war. Was the West partly ‘responsible’ for the war? Second, to what extent does the war of aggression, as an undeniable violation of law, damage the status of international law and justice? Third, the war is embedded in political developments that stretch back a century. It is examined in its context (...)
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  • Rule Consequentialism Makes Sense After All.Tyler Cowen - 2011 - Social Philosophy and Policy 28 (2):212-231.
    It is commonly claimed that rule consequentialism (utilitarianism) collapses into act consequentialism, because sometimes there are benefits from breaking the rules. I suggest this argument is less powerful than has been believed. The argument requires a commitment to a very particular (usually implicit) account of feasibility and constraints. It requires the presupposition that thinking of rules as the relevant constraint is incorrect. Supposedly we should look at a smaller unit of choice—the single act—as the relevant choice variable. But once we (...)
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  • Capitalism in the Classical and High Liberal Traditions.Samuel Freeman - 2011 - Social Philosophy and Policy 28 (2):19-55.
    Liberalism generally holds that legitimate political power is limited and is to be impartially exercised, only for the public good. Liberals accordingly assign political priority to maintaining certain basic liberties and equality of opportunities; they advocate an essential role for markets in economic activity, and they recognize government's crucial role in correcting market breakdowns and providing public goods. Classical liberalism and what I call “the high liberal tradition” are two main branches of liberalism. Classical liberalism evolved from the works of (...)
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  • What's Wrong with Libertarianism: A Meritocratic Diagnosis.Thomas Mulligan - 2017 - In Jason F. Brennan, Bas van der Vossen & David Schmidtz (eds.), The Routledge Handbook of Libertarianism. Routledge. pp. 77-91.
    Some people may think that libertarianism and meritocracy have much in common; that the libertarian's ideal world looks like the meritocrat's ideal world; and that the public policies guiding us to each are one and the same. This is wrong in all respects. In this essay I explain why. -/- After providing an overview of meritocratic justice, I argue that meritocracy is a more compelling theory of distributive justice than libertarianism. Meritocracy better protects the core value of personal responsibility; incorporates (...)
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  • The conservative challenge to liberalism.Rutger Claassen - 2011 - Critical Review of International Social and Political Philosophy 14 (4):465-485.
    This paper reconstructs the political–theoretical triangle between liberalism, communitarianism and conservatism. It shows how these three positions are related to each other and to what extent they are actually incompatible. The substantive outcome is the following thesis: the conservative position poses a challenge to liberalism that communitarianism is unable to offer and that liberalism cannot incorporate as it could with communitarianism. This challenge lies in the conservative’s ideal of a traditionally evolved, purposeless form of civil association, and its associated view (...)
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  • J.M. Keynes, F.A. Hayek and the Common Reader.Constantinos Repapis - 2014 - Economic Thought 3 (2):1.
    This paper gives an account of the debate between F.A. Hayek and J.M. Keynes in the 1930s written for the general public. The purpose of this is twofold. First, to provide the general reader with a narrative of what happened, … More ›.
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  • Adam Smith and the Great Mind Fallacy.James R. Otteson - 2010 - Social Philosophy and Policy 27 (1):276-304.
    Adam Smith raised a series of obstacles to effective large-scale social planning. In this paper, I draw these Smithian obstacles together to construct what I call the “Great Mind Fallacy,” or the belief that there exists some person or persons who can overcome the obstacles Smith raises. The putative scope of the Great Mind Fallacy is larger than one might initially suppose, which I demonstrate by reviewing several contemporary thinkers who would seem to commit it. I then address two ways (...)
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  • On the ‘Freedom Agenda’ and the George W. Bush Legacy: A Philosophical Inquiry.Shane J. Ralston - 2009 - In Michael Orlov Grosmman & Ronald Eric Matthews (eds.), Perspectives on the Legacy of George W. Bush. Cambridge Scholars Publishing. pp. 137-151.
    The legacy of George W. Bush will probably be associated with the President’s infallibly certain style of visionary leadership and his specific vision of a ‘Freedom Agenda’. According to this vision, the United States must spread democracy to all people who desire liberty and vanquish those tyrants and terrorists who despise it. Freedom is universally valued, and the United States is everywhere perceived as freedom’s protector and purveyor. So, the mission of the Freedom Agenda is to guard existing freedoms as (...)
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  • The Rule of Law and Its Predicament.Yasuo Hasebe - 2004 - Ratio Juris 17 (4):489-500.
    Purpose of this article is to assess the validity of the Razian conception of the rule of law by subjecting it to the acid test of Michel Troper's 'realist theory of interpretation'. The author argues that, in light of the Wittgensteinian view of rule-following, a serious indeterminacy can be seen as inherent in both this conception of the rule of law and Troper's theory of interpretation.
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  • The Eclipse of Value-Free Economics. The concept of multiple self versus homo economicus.Aleksander Ostapiuk - 2020 - Wrocław, Polska: Publishing House of Wroclaw University of Economics and Business.
    The books’ goal is to answer the question: Do the weaknesses of value-free economics imply the need for a paradigm shift? The author synthesizes criticisms from different perspectives (descriptive and methodological). Special attention is paid to choices over time, because in this area value-free economics has the most problems. In that context, the enriched concept of multiple self is proposed and investigated. However, it is not enough to present the criticisms towards value-free economics. For scientists, a bad paradigm is better (...)
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  • Ignorance, norms and instrumental pluralism: Hayekian institutional epistemology.Marko-Luka Zubčić - 2019 - Synthese 198 (6):5529-5545.
    Building on Friedrich A. Hayek’s work in social philosophy, the paper gives an account of the central role of ignorance in institutional epistemology. The first part of the paper argues that if individuals involved in the search for knowledge are constitutionally ignorant and guided by norms, as Hayek saw them, they are more likely to attain knowledge if they follow different norms, including those that are redundant. The second part of the paper argues that the market as an institutional arrangement, (...)
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  • Solving the Century Problem “Modern Transformation of China’s Traditional Confucianism”—A Mistake-Tolerant Democracy Perspective.Zhou Zhifa - 2019 - Philosophy Study 9 (5).
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  • The Crisis of Global COVID-19 Governance and the Challenge of Liberalism From Error-Tolerantism.Zhou Zhifa, Tan Xiaohan & Liu Yanhong - 2020 - Philosophy Study 10 (9).
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  • Toward the Development of a Paradigm of Human Flourishing in a Free Society.Edward W. Younkins - 2008 - Journal of Ayn Rand Studies 9 (2):253-304.
    This essay presents a skeleton of a potential conceptual framework for human flourishing in a free society. Its aim is to present a diagram that illustrates the ways in which its topics relate to one another and why they do. It argues for a plan of conceptualization rather than for the topics themselves. It emphasizes the interconnections among the components of the schema presented. It sees an essential interconnection between objective concepts, arguing that all of the disciplines of human action (...)
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  • Indirect utility, justice, and equality in the political thought of David Hume.Mark E. Yellin - 2000 - Critical Review: A Journal of Politics and Society 14 (4):375-389.
    Abstract Differing interpretations of the political thought of David Hume have tended to emphasize either conservative, gradualist elements similar to Burke or rationalist aspects similar to Hobbes. The concept of indirect utility as used by Hume reconciles these two approaches. Indirect utility is best illustrated by Hume's conception of justice, in contrast to his conception of benevolence, which yields direct benefits. This understanding of Hume's consequentialism also helps underscore certain egalitarian aspects of Hume's thought.
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  • Business Citizenship: From Domestic to Global Level of Analysis.Donna J. Wood - 2002 - Business Ethics Quarterly 12 (2):155-187.
    Abstract:In this article we first review the development of the concept of global business citizenship and show how the libertarian political philosophy of free-market capitalism must give way to a communitarian view in order for the voluntaristic, local notion of “corporate citizenship” to take root. We then distinguish the concept of global business citizenship from “corporate citizenship” by showing how the former concept requires a transition from communitarian thinking to a position of universal human rights. In addition, we link global (...)
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  • Restricting Choices: Decision Making, the Market Society, and the Forgotten Entrepreneur.Gregory Wolcott - 2019 - Journal of Business Ethics 156 (2):293-314.
    Basing their claims on findings in the behavioral sciences that illuminate cognitive deficiencies, scholars spanning multiple disciplines argue that certain features of free market capitalist societies threaten human wellbeing, especially insofar as such societies are marked by a proliferation of consumer choices and incessant demands on decision making. This paper thus attempts three things. First, it outlines the criticisms of the expansive freedoms found in free market societies, based on those findings, in order to provide a reliable overview of the (...)
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  • The Challenge of Political Right.R. D. Winfield - 2012 - Hegel Bulletin 33 (1):57-70.
    For politics to measure up to reason, two requirements have long been acknowledged: first, that the ends of political action be universal, and second, that the pursuit of such universal ends consist in political self-determination, that is, in self-government.Aristotle set the stage for all further political inquiry by distinguishing political association through the universality of its end or good, while identifying the end of politics with political activity itself, an activity in which citizens rule over one another while presiding over (...)
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  • Legal Education Beyond the Academy: The Neoliberal Reorientation of Public Legal Education.Lisa Wintersteiger - 2019 - Law and Critique 30 (2):123-129.
    In order to re-make the world in its own image, neoliberal expansionism is predicated on the dominance of a particular regime of reason. The dominance of economic-juridical rationality relies in no small part on education to reproduce itself. In this sense, how and why a populace is educated in the law becomes a locus of struggle and of alternative and competing constructions of normative and political orders. Over the last decade the United Kingdom’s justice policy has become more attentive to (...)
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  • On the road again: Hayek and the rule of law.Juliet Williams - 1997 - Critical Review: A Journal of Politics and Society 11 (1):101-120.
    In his political writings, F. A. Hayek faces a classic liberal dilemma: he opposes coercion but recognizes that sometimes the state can help to minimize it. Hayek attempts to resolve the dilemma of the limits of state power by offering a definition of the rule of law that does not depend on a controversial conception of rights. However, his effort to formalize the rule of law fails. Not only does Hayek implicitly rely on an undefended theory of rights, but his (...)
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  • Can norms rescue self‐interest or macro explanation be joined to micro explanation?Aaron Wildavsky - 1991 - Critical Review: A Journal of Politics and Society 5 (3):301-323.
    In three recent books, Jon Elster continues the project that began when he showed that Marxism lacked micro foundations. This project is the use of methodologically individualistic assumptions to understand social behavior. In his latest work, however, he supplements rational choice theory by means of non?rational ?norms,? begging the question of the sources and possible variations among these ?given? individual value?preferences. This move invites a comparison of Elster's results with those offered by cultural theory. While not a review of Elster's (...)
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  • The Physical Basis of Voluntary Trade.Karl Widerquist - 2010 - Human Rights Review 11 (1):83-103.
    The article discusses the conditions under which can we say that people enter the economic system voluntarily. “The Need for an Exit Option” briefly explains the philosophical argument that voluntary interaction requires an exit option—a reasonable alternative to participation in the projects of others. “The Treatment of Effective Forced Labor in Economic and Political Theory” considers the treatment of effectively forced interaction in economic and political theory. “Human Need” discusses theories of human need to determine the capabilities a person requires (...)
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  • The Liberty of the Liberty Principle.Robert Westmoreland - 2020 - Res Publica 26 (3):337-355.
    Mill’s Liberty Principle aims to protect ‘social’ freedom, which is traditionally understood as negative freedom. I argue that Mill’s conception of social freedom does not comfortably fit even a moralized conception of negative freedom, and that individuality, an ideal fundamental to On Liberty, is a robustly positive type of freedom. This raises the question of whether protecting social freedom involves an egalitarian, progressive state that ambitiously strives to create the social conditions of individuality. I consider the case for an affirmative (...)
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  • Slaves, Prisoners, and Republican Freedom.Fabian Wendt - 2011 - Res Publica 17 (2):175-192.
    Philip Pettit’s republican conception of freedom is presented as an alternative both to negative and positive conceptions of freedom. The basic idea is to conceptualize freedom as non-domination, not as non-interference or self-mastery. When compared to negative freedom, Pettit’s republican conception comprises two controversial claims: the claim that we are unfree if we are dominated without actual interference, and the claim that we are free if we face interference without domination. Because the slave is a widely accepted paradigm of the (...)
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  • Descartes, Rousseau, de Gaulle: France’s Constitutional Waltz of Plebiscitarian Caesarism.Nikolai G. Wenzel - 2016 - Journal des Economistes Et des Etudes Humaines 22 (2):191-211.
    Since 1789, France has had 21 constitutional regimes. This paper explains French constitutional instability through the optic of “constitutional culture” – the norms, attitudes, and beliefs, conscious and unconscious, held by a dominant portion of the French people about the nature, scope and function of constitutional constraints. French constitutional culture has historically been torn between a desire for a strong and effective state, and an obsessive veneration of democracy. This paper argues that France’s constitutional instability between 1789 and the constitution (...)
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  • Technology and the Analysis of a Political Theory.Gary R. Weaver - 1988 - Bulletin of Science, Technology and Society 8 (3):287-291.
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  • Corporate temperance a business virtue.Richard C. Warren - 1994 - Business Ethics, the Environment and Responsibility 3 (4):223–232.
    “There are strong temptations for those at the top of an organisational hierarchy to appropriate to themselves a disproportionate share of the resources of the organisation and to exercise too much power over the activities of other organisational members.” Hence the case for taking a cool look at executive remuneration and other possible breaches of applying the classical virtue of temperance to corporate behaviour. The author is Principal Lecturer in the Business Studies Department, Manchester Metropolitan University, Aytoun Building, Aytoun Street, (...)
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  • Corporate Temperance a Business Virtue.Richard C. Warren - 2006 - Business Ethics, the Environment and Responsibility 3 (4):223-232.
    “There are strong temptations for those at the top of an organisational hierarchy to appropriate to themselves a disproportionate share of the resources of the organisation and to exercise too much power over the activities of other organisational members.” Hence the case for taking a cool look at executive remuneration and other possible breaches of applying the classical virtue of temperance to corporate behaviour. The author is Principal Lecturer in the Business Studies Department, Manchester Metropolitan University, Aytoun Building, Aytoun Street, (...)
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  • The Rule of Law in Contemporary Liberal Theory.Jeremy Waldron - 1989 - Ratio Juris 2 (1):79-96.
    Existing accounts of the Rule of Law are inadequate and require fleshing out. The main value of the ideal of rule of law for liberal political theory lies in the notion of predictability, which is essential to individual autonomy. The author examines this connection and argues that conservative theories of rule of law claim too much. Liberal theory equates the rule of law with legality, which is only one of the elements necessary for a just social order.
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  • Democracy and pragmatism in curriculum development.J. C. Walker - 1987 - Educational Philosophy and Theory 19 (2):1–10.
  • Moral Agency, Profits and the Firm: Economic Revisions to the Friedman Theorem.Sigmund Wagner-Tsukamoto - 2007 - Journal of Business Ethics 70 (2):209-220.
    The paper reconstructs in economic terms Friedman's theorem that the only social responsibility of firms is to increase their profits while staying within legal and ethical rules. A model of three levels of moral conduct is attributed to the firm: (1) self-interested engagement in the market process itself, which reflects according to classical and neoclassical economics an ethical ideal; (2) the obeying of the "rules of the game," largely legal ones; and (3) the creation of ethical capital, which allows moral (...)
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  • For Humanistic Management and Against Economics.Sigmund Wagner-Tsukamoto - 2018 - Business and Society Review 123 (3):459-488.
    The paper critiques the relationship between personalist ethics and institutional economics, and accepts that institutional economics can be difficult to reconcile with humanistic management that builds on personalist ethics. Even so the paper connects impersonalist ethics with institutional economics. On this ground, the paper demonstrates how theory and practice of personalist humanist management can lean on impersonalist ethics, i.e., institutional economics. Three pathways are laid out for such leanings. It is argued that to understand these alignments is important to improve (...)
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  • Contrasting the Behavioural Business Ethics Approach and the Institutional Economic Approach to Business Ethics: Insights From the Study of Quaker Employers: Philosophical foundations/economics & Business Ethics.Sigmund Wagner-Tsukamoto - 2008 - Journal of Business Ethics 82 (4):835-850.
    The article suggests that in a modern context, where value pluralism is a prevailing and possibly, even ethically desirable interaction condition, institutional economics provides a more viable business ethics than behavioural business ethics, such as Kantianism or religious ethics. The article explains how the institutional economic approach to business ethics analyses morality with regard to an interaction process, and favours non-behavioural, situational intervention with incentive structures and with capital exchange. The article argues that this approach may have to be prioritised (...)
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  • 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.Sigmund Wagner-Tsukamoto - 2005 - Journal of Business Ethics 60 (1):75-89.
    The paper maps out an alternative to a behavioural (economic) approach to business ethics. Special attention is paid to the fundamental philosophical principle that any moral ‘ought’ implies a practical ‘can’, which the paper interprets with regard to the economic viability of moral agency of the firm under the conditions of the market economy, in particular competition. The paper details an economic understanding of business ethics with regard to classical and neo-classical views, on the one hand, and institutional, libertarian thought, (...)
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