Business Ethics Quarterly 22 (2):319-350 (2012)

Authors
Thomas R. Wells
Tilburg University
Abstract
Whether or not capitalism is compatible with ethics is a long standing dispute. We take up an approach to virtue ethics inspired by Adam Smith and consider how market competition influences the virtues most associated with modern commercial society. Up to a point, competition nurtures and supports such virtues as prudence, temperance, civility, industriousness and honesty. But there are also various mechanisms by which competition can have deleterious effects on the institutions and incentives necessary for sustaining even these most commercially friendly of virtues. It is often supposed that if competitive markets are good, more competition must always be better. However, in the long run competition enhancing policies that neglect the nurturing and support of the bourgeois virtues may undermine the continued flourishing of modern commercial society.
Keywords Applied Philosophy  Business and Professional Ethics  Social Science  competition  virtue ethics  bourgeois virtues
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ISBN(s) 1052-150X
DOI beq201222222
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References found in this work BETA

After Virtue.A. MacIntyre - 1981 - Tijdschrift Voor Filosofie 46 (1):169-171.
The Communist Manifesto.Karl Marx - unknown - Yale University Press.
The Protestant Ethic and the Spirit of Capitalism. Max Weber.C. D. Burns - 1930 - International Journal of Ethics 41 (1):119-120.

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Citations of this work BETA

Corporate Character, Corporate Virtues.Geoff Moore - 2015 - Business Ethics: A European Review 24 (S2):99-114.
Will the Real A. Smith Please Stand Up!Matthias P. Hühn & Claus Dierksmeier - 2016 - Journal of Business Ethics 136 (1):119-132.
Oxymoron: Taking Business Ethics Denial Seriously.Hasko von Kriegstein - 2019 - Journal of Business Ethics Education 16:103-134.

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