Smith, Friedman, and Self-Interest in Ethical Society

Business Ethics Quarterly 10 (3):659-674 (2000)
Abstract
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
Options
 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
Our Archive


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 29,440
Through your library
References found in this work BETA

No references found.

Add more references

Citations of this work BETA
Critical Events in the Ethics of U.S. Corporation History.S. Douglas Beets - 2011 - Journal of Business Ethics 102 (2):193-219.

Add more citations

Similar books and articles
Invisible Hand Arguments: Milton Friedman and Adam Smith.Alistair M. Macleod - 2007 - Journal of Scottish Philosophy 5 (2):103-117.
Why Friedman's Methodology Did Not Generate Consensus Among Economists?David Teira - 2009 - Journal of the History of Economic Thought 31 (2):201-214.
Adam Smith's Vision of the Ethical Manager.George Bragues - 2009 - Journal of Business Ethics 90 (4):447 - 460.
Adam Smith's Invisible Hand Argument.John D. Bishop - 1995 - Journal of Business Ethics 14 (3):165 - 180.
The Troublesome Semantics of Conflict of Interest.Paul J. Friedman - 1992 - Ethics and Behavior 2 (4):245 – 251.
Adam Smith's Concept of the Social System.Edward W. Coker - 1990 - Journal of Business Ethics 9 (2):139 - 142.
Justice And Resentment In Hume, Reid, And Smith.Michael S. Pritchard - 2008 - Journal of Scottish Philosophy 6 (1):59-70.
Das Adam Smith Problem - A Critical Realist Perspective.David Wilson & William Dixon - 2011 - Journal of Critical Realism 5 (2):251-272.
Should Firms Go 'Beyond Profits'? Milton Friedman Versus Broad CSR.Mark S. Schwartz & David Saiia - 2011 - Proceedings of the International Association for Business and Society 22 (1):327-338.
Added to PP index
2011-01-09

Total downloads
25 ( #206,588 of 2,180,373 )

Recent downloads (6 months)
1 ( #302,815 of 2,180,373 )

How can I increase my downloads?

Monthly downloads
My notes
Sign in to use this feature


Discussion
Order:
There  are no threads in this forum
Nothing in this forum yet.

Other forums