Abstract

Successful business activity in the market is commonly likened to evolution and the survival of the fittest, in which there is little, if any, place for ethics. The author questions various assumptions underlying this view, and suggests that competition can bring out the best as well as the worst in human character. He is a member of the Department of Philosophy in the Faculty of Letters, Reading University, Whiteknights, Reading RG6 2AH. This paper was first presented at a Seminar on Teaching Business Ethics held at London Business School on Friday, 10 March, 1995