Business Ethics Quarterly 22 (2):319-350 (2012)
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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.
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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
The Protestant Ethic and the Spirit of Capitalism. Max Weber.C. D. Burns - 1930 - International Journal of Ethics 41 (1):119-120.
Corporate Roles, Personal Virtues: An Aristotelian Approach to Business Ethics.Robert C. Solomon - 1992 - Business Ethics Quarterly 2 (3):317-339.
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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.
Guest Editor's Introduction: Reviving Tradition: Virtue and the Common Good in Business and Management.Alejo José G. Sison, Edwin M. Hartman & Joan Fontrodona - 2012 - Business Ethics Quarterly 22 (2):207-210.
Unethical Behavior in Organizations: Empirical Findings That Challenge CSR and Egoism Theory.Jeffrey Overall - 2016 - Business Ethics: A European Review 25 (2):113-127.
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