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  1. Corporate Responsibility and the Plurality of Market Aims.Jeffery Smith - forthcoming - Business and Society Review.
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  • Are Rawlsian Considerations of Corporate Governance Illiberal? A Reply to Singer.Sandrine Blanc - 2016 - Business Ethics Quarterly 26 (3):407-421.
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  • Fences as Controls to Reduce Accountants’ Rationalization.Alan Reinstein & Eileen Z. Taylor - 2017 - Journal of Business Ethics 141 (3):477-488.
    Occupational fraud frequently involves the direct or indirect participation of professional accountants. To reduce fraud, companies often focus on the incentive/pressure and opportunity legs of the fraud triangle, perhaps believing that rationalization is beyond their control. We argue that rationalization reduction is necessary to minimize occupational fraud. We propose that educators and PA consider incorporating fences as controls to reduce rationalization. Because they focus on compliance and risk avoidance and are non-negotiable, fences appeal to accountant’s Myers Briggs personalities and conventional (...)
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  • Efficiency and Ethically Responsible Management.Jeffery Smith - 2018 - Journal of Business Ethics 150 (3):603-618.
    One common justification for the pursuit of profit by business firms within a market economy is that profit is not an end in itself but a means to more efficiently produce and allocate resources. Profit, in short, is a mechanism that serves the market’s purpose of producing Pareto superior outcomes for society. This discussion examines whether such a justification, if correct, requires business managers to remain attentive to how their firm’s operation impacts the market’s purpose. In particular, it is argued (...)
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  • An Absurd Tax on Our Fellow Citizens: The Ethics of Rent Seeking in the Market Failures (or Self-Regulation) Approach.Peter Martin Jaworski - 2014 - Journal of Business Ethics 121 (3):1-10.
    Joseph Heath lumps in quotas and protectionist measures with cartelization, taking advantage of information asymmetries, seeking a monopoly position, and so on, as all instances of behavior that can lead to market failures in his market failures approach to business ethics. The problem is that this kind of rent and rent seeking, when they fail to deliver desirable outcomes, are better described as government failure. I suggest that this means we will have to expand Heath’s framework to a market and (...)
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  • Rethinking the Ethics of Corporate Political Activities in a Post-Citizens United Era: Political Equality, Corporate Citizenship, and Market Failures.Pierre-Yves Néron - 2016 - Journal of Business Ethics 136 (4):715-728.
    The aim of this paper is to provide some insights for a normative theory of corporate political activities. Such a theory aims to provide theoretical tools to investigate the legitimacy of corporate political involvement and allows us to determine which political activities and relations with government regulators are appropriate or inappropriate, permissible or impermissible, obligatory or forbidden for corporations. After having explored what I call the “normative presumption of legitimacy” of CPAs, this paper identifies three different plausible strategies to criticize (...)
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  • Insurance, Equality and the Welfare State: Political Philosophy and Public Insurance.Xavier Landes & Nils Holtug - 2015 - Res Publica 21 (2):111-118.
    Public insurance is both everywhere and nowhere. It is everywhere in the sense that it is omnipresent in industrialised societies: public health insurance, unemployment benefits and pensions. It is a sizeable part of modern nations’ public budget . It has permeated our understanding of societal institutions to the extent that now access to public insurance coverage is understood as being a struggle for equality and equal citizenship .Public insurance is only one aspect of a broader phenomenon: the transformation of modern (...)
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  • Professionalism, Agency, and Market Failures.Hasko von Kriegstein - 2016 - Business Ethics Quarterly 26 (4):445-464.
    According to the Market Failures Approach to business ethics, beyond-compliance duties can be derived by employing the same rationale and arguments that justify state regulation of economic conduct. Very roughly the idea is that managers have a duty to behave as if they were complying with an ideal regulatory regime ensuring Pareto-optimal market outcomes. Proponents of the approach argue that managers have a professional duty not to undermine the institutional setting that defines their role, namely the competitive market. This answer (...)
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  • The Responsibilities and Role of Business in Relation to Society: Back to Basics?Nien-hê Hsieh - 2017 - Business Ethics Quarterly 27 (2):293-314.
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  • 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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  • Rethinking the Very Idea of Egalitarian Markets and Corporations: Why Relationships Might Matter More Than Distribution.Pierre-Yves Néron - 2015 - Business Ethics Quarterly 25 (1):93-124.
    ABSTRACT: What kinds of markets, market regulations, and business organizations are compatible with contemporary egalitarian theories of justice? This article argues that any thoughtful answer to this question will have to draw on recent developments in political philosophy that are concerned not only with the equality of the distribution of core goods but also with the requirements for equality of status, voice, and so on, in the relations between individuals and within organizations. The dominance of theories of distributive justice in (...)
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  • Rawls on Markets and Corporate Governance.Wayne Norman - 2015 - Business Ethics Quarterly 25 (1):29-64.
  • Justice Failure: Efficiency and Equality in Business Ethics.Abraham Singer - 2018 - Journal of Business Ethics 149 (1):97-115.
    This paper offers the concept of “justice failure,” as a counterpart to the familiar idea of market failure, in order to better understand managers’ ethical obligations. This paper takes the “market failures approach” to business ethics as its point of departure. The success of the MFA, I argue, lies in its close proximity with economic theory, particularly in the idea that, within a larger scheme of social cooperation, markets ought to pursue efficiency and leave the pursuit of equality to the (...)
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  • The Implicit Morality of the Market and Joseph Heath’s Market Failures Approach to Business Ethics.Marc A. Cohen & Dean Peterson - 2017 - Journal of Business Ethics:1-14.
    Joseph Heath defends competitive markets and conceptualizes business ethics with reference to Pareto efficiency, which he takes to be the “implicit morality of the market.” His justification for markets is that they generate Pareto efficient outcomes, meaning that markets optimally satisfy consumer preferences. And, for Heath, business ethics is the set of normative constraints—regulation and beyond-compliance norms—needed to preserve that outcome. The present paper accepts Heath’s claim that the economic justification for markets is ethical, in that satisfying consumer preferences is (...)
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  • State Power: Rethinking the Role of the State in Political Corporate Social Responsibility.Judith Schrempf-Stirling - 2018 - Journal of Business Ethics 150 (1):1-14.
    Key accomplishments of political corporate social responsibility scholarship have been the identification of global governance gaps and a proposal how to tackle them. Political CSR scholarship assumes that the traditional roles of state and business have eroded, with states losing power and business gaining power in a globalized world. Consequently, the future of CSR lies in political CSR with new global governance forms which are organized by mainly non-state actors. The objective of the paper is to deepen our understanding of (...)
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  • Civil Governance in Work and Employment Relations: How Civil Society Organizations Contribute to Systems of Labour Governance.Steve Williams, Brian Abbott & Edmund Heery - 2017 - Journal of Business Ethics 144 (1):103-119.
    Civil society organizations attempt to induce corporations to behave in more socially responsible ways, with a view to raising labour standards. A broader way of conceptualizing their efforts to influence the policies and practices of employers is desirable, one centred upon the concept of civil governance. This recognizes that CSOs not only attempt to shape the behaviour of employers through the forging of direct, collaborative relationships, but also try to do so indirectly, with interactions of various kinds with the state (...)
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  • On the Origin, Content, and Relevance of the Market Failures Approach.Jeffrey Moriarty - forthcoming - Journal of Business Ethics:1-12.
    The view of business ethics that Christopher McMahon calls the “implicit morality of the market” and Joseph Heath calls the “market failures approach” has received a significant amount of recent attention. The idea of this view is that we can derive an ethics for market participants by thinking about the “point” of market activity, and asking what the world would have to be like for this point to be realized. While this view has been much-discussed, it is still not well-understood. (...)
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  • Navigating Our Way Between Market and State.Jeffery Smith - 2019 - Business Ethics Quarterly 29 (1):127-141.
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  • When Will a Darwinian Approach Be Useful for the Study of Society?Samuel Bagg - 2017 - Politics, Philosophy and Economics 16 (3):259-281.
    In recent years, some have claimed that a Darwinian perspective will revolutionize the study of human society and culture. This project is viewed with disdain and suspicion, on the other hand, by many practicing social scientists. This article seeks to clear the air in this heated debate by dissociating two claims that are too often assumed to be inseparable. The first is the ‘ontological’ claim that Darwinian principles apply, at some level of abstraction, to human society and culture. The second (...)
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  • 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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  • Capitalism, Corporations and the Social Contract: A Critique of Stakeholder Theory, by Samuel Mansell. Cambridge: Cambridge University Press, 2013. 198 Pp. ISBN: 9781107015524. [REVIEW]Pierre-Yves Néron - 2015 - Business Ethics Quarterly 25 (3):393-396.