Morality, competition, and the firm : the market failures approach to business ethics / Joseph Heath.

Format:

Book

Author/Creator:

Heath, Joseph, 1967- author.

Language:

English

Subjects (All):

Business ethics.

Profit--Moral and ethical aspects.

Profit.

Competition.

Corporations--Moral and ethical aspects.

Corporations.

Physical Description:

1 online resource (ix, 412 pages)

Edition:

1st ed.

Other Title:

Market failures approach to business ethics

Place of Publication:

Oxford ; New York : Oxford University Press, USA, [2014]

Language Note:

English

Summary:

"In this collection of provocative essays, Joseph Heath provides a compelling new framework for thinking about the moral obligations that private actors in a market economy have toward each other and to society. In a sharp break with traditional approaches to business ethics, Heath argues that the basic principles of corporate social responsibility are already implicit in the institutional norms that structure both marketplace competition and the modern business corporation. In four new and nine previously published essays, Heath articulates the foundations of a "market failures" approach to business ethics. Rather than bringing moral concerns to bear upon economic activity as a set of foreign or externally imposed constraints, this approach seeks to articulate a robust conception of business ethics derived solely from the basic normative justification for capitalism. The result is a unified theory of business ethics, corporate law, economic regulation, and the welfare state, which offers a reconstruction of the central normative preoccupations in each area that is consistent across all four domains. Beyond the core theory, Heath offers new insights on a wide range of topics in economics and philosophy, from agency theory and risk management to social cooperation and the transaction cost theory of the firm"-- Provided by publisher.

Contents:

Introduction

Part 1: The Corporation and Society

1. A Market Failures Approach to Business Ethics

2. Stakeholder Theory, Corporate Governance and Public Management (with Wayne Norman)

3. Business Ethics Without Stakeholders

4. An Adversarial Ethic for Business: or, When Sun-Tzu met the Stakeholder

5. Business Ethics and the 'End of History' in Corporate Law

Part 2: Cooperation and the Market

6. Contractualism: Micro and Macro

7. Efficiency as the Implicit Morality of the Market

8. The History of the Invisible Hand

9. The Benefits of Cooperation

Part 3: Extending the Framework

10. The Uses and Abuses of Agency Theory

11. Business Ethics and Moral Motivation: a Criminological Perspective

12. Business Ethics After Virtue

13. Reasonable Restrictions on Underwriting.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

0-19-026770-4

0-19-999049-2

OCLC:

895116048