Journal of Business Ethics 83 (4):773-787 (2008)

Authors
Christopher Michaelson
University of St. Thomas, Minnesota
Abstract
Moral luck – which seems to appear when circumstances beyond a person’s control influence our moral attributions of praise and blame – is troubling in that modern moral theory has supposed morality to be immune to luck. In business, moral luck commonly influences our moral judgments, many of which have economic consequences that cannot be reversed. The possibility that the chance intervention of luck could influence the way in which we assign moral accountability in business ethics is unsettling. This paper argues that if we cannot explain moral luck away, we should give consideration to moral risk in our moral judgments and the associated assignment of economic rewards regarding episodes in which moral luck plays a role.
Keywords luck  risk  moral hazard  business ethics  Gauguin  river blindness  executive compensation
Categories (categorize this paper)
DOI 10.1007/s10551-008-9664-9
Options
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 51,756
Through your library

References found in this work BETA

Ethics and the Limits of Philosophy.Bernard Williams - 1985 - Harvard University Press.
Do CEOs Get Paid Too Much?Jeffrey Moriarty - 2005 - Business Ethics Quarterly 15 (2):257-281.

View all 19 references / Add more references

Citations of this work BETA

Moral Luck and Computer Ethics: Gauguin in Cyberspace. [REVIEW]David Sanford Horner - 2010 - Ethics and Information Technology 12 (4):299-312.

Add more citations

Similar books and articles

Moral Luck and the Professions.Jeffrey Whitman - 2008 - Business and Professional Ethics Journal 27 (1-4):35-54.
Executive Compensation and Moral Luck.Christopher Michaelson - 2015 - Business and Professional Ethics Journal 34 (2):237-258.
A Problem for Moral Luck.Steven D. Hales - 2015 - Philosophical Studies 172 (9):2385-2403.
Moral and Epistemic Luck.Duncan Pritchard - 2006 - Metaphilosophy 37 (1):1–25.
Getting Moral Luck Right.Lee John Whittington - 2014 - Metaphilosophy 45 (4-5):654-667.
Aristotle, Success, and Moral Luck.Paul Farwell - 1994 - Journal of Philosophical Research 19:37-50.
Moral Luck and the Law.David Enoch - 2010 - Philosophy Compass 5 (1):42-54.
Moral Luck and Computer Ethics: Gauguin in Cyberspace. [REVIEW]David Sanford Horner - 2010 - Ethics and Information Technology 12 (4):299-312.
Moral Luck Defended.Nathan Hanna - 2014 - Noûs 48 (4):683-698.
Expecting Bad Luck.Lisa Tessman - 2009 - Hypatia 24 (1):9-28.
Moral Responsibility and "Moral Luck".Brian Rosebury - 1995 - Philosophical Review 104 (4):499-524.
Duncan Pritchard, Epistemic Luck.Duncan Pritchard - 2007 - Theoria 73 (2):173-178.

Analytics

Added to PP index
2009-01-28

Total views
97 ( #94,914 of 2,333,946 )

Recent downloads (6 months)
2 ( #395,283 of 2,333,946 )

How can I increase my downloads?

Downloads

My notes