Smith, Friedman, and Self-Interest in Ethical Society

Business Ethics Quarterly 10 (3):659-674 (2000)
We examine the writings of Adam Smith and Milton Friedman regarding their interpretation and use of the concept of self-interest.We argue that neither Smith nor Friedman considers self-interest to be synonymous with selfishness and thus devoid of ethicalconsiderations. Rather, for both writers self-interest embodies an other-regarding aspect that requires individuals to moderate theiractions when others are adversely affected. The overriding virtue for Smith in governing individual actions is justice; for Friedman it isnon-coercion
Keywords Applied Philosophy  Business and Professional Ethics  Social Science
Categories (categorize this paper)
ISBN(s) 1052-150X
DOI 10.2307/3857897
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
Download options
PhilPapers Archive

Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 24,479
External links
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library
References found in this work BETA

No references found.

Add more references

Citations of this work BETA

No citations found.

Add more citations

Similar books and articles
George Bragues (2009). Adam Smith's Vision of the Ethical Manager. Journal of Business Ethics 90 (4):447 - 460.
John D. Bishop (1995). Adam Smith's Invisible Hand Argument. Journal of Business Ethics 14 (3):165 - 180.
Edward W. Coker (1990). Adam Smith's Concept of the Social System. Journal of Business Ethics 9 (2):139 - 142.
Mark S. Schwartz & David Saiia (2011). Should Firms Go 'Beyond Profits'? Milton Friedman Versus Broad CSR. Proceedings of the International Association for Business and Society 22 (1):327-338.

Monthly downloads

Added to index


Total downloads

23 ( #205,888 of 1,925,752 )

Recent downloads (6 months)

7 ( #124,665 of 1,925,752 )

How can I increase my downloads?

My notes
Sign in to use this feature

Start a new thread
There  are no threads in this forum
Nothing in this forum yet.