Synopses & Reviews
Morality and the Market is a business ethics anthology unlike any other. The book covers the foundations of markets, their operations, and their effects by incorporating most traditional business ethics topics while introducing new ones as well. The result is a text with genuine diversity of opinion, philosophical depth, and breadth of topic, accompanied throughout by a knowledgeable and sympathetic account of the traditional issues in business ethics.
Morality and the Market places special and distinctive emphasis on virtue and its applicability to the contexts of commerce. Each of the traditional topics of business ethics is related to particular virtues. For example, the virtue of honesty is related to advertising and sales; integrity is related to whistle-blowing; social responsibility is related to business profit; and courage is related to entrepreneurship. Morality and the Market explores the moral foundations of markets, their moral consequences, and considers the effects of commerce on the arts, culture, the environment, and technological progress.
About the Author
Eugene Heath is Associate Professor of Philosophy at the State University of New York at New Paltz, where he has taught since 1993. He received his Ph.D. from Yale University and his B.A. from Davidson College. A recipient of fellowships from the National Endowment for the Humanities, as well as the Institute for Advanced Studies in the Humanities, University of Edinburgh, his interests include business ethics, social and political philosophy, and eighteenth-century British moral philosophy. His scholarly essays have appeared in the Journal of the History of Philosophy, Philosophy of the Social Sciences, Political Theory, History of Philosophy Quarterly, and Hume Studies.
Table of Contents
A. THE MORAL AND POLITICAL FRAMEWORK OF BUSINESSI. Introduction: Markets and Business Nathan Rosenberg and L. E. Birdzell, Jr., "How the West Grew Rich: The Economic Transformation of the Industrial World"Ludwig von Mises, "The Market"Elizabeth Anderson, "The Ethical Limitations of the Market"Elaine Sternberg, "The Nature of Business"II. JusticeF. A. Hayek, "Principles of a Liberal Social Order"John Rawls, "Justice as Fairness"Robert Nozick, "The Entitlement Theory of Justice"Kai Nielsen, "A Moral Case for Socialism"III. RegulationNicholas Rescher, "On the Rationale of Governmental Regulation"Cass Sunstein, "Paradoxes of the Regulatory State"Leland Yeager, "Is there a Bias Toward Overregulation?"Ian Maitland, "The Limits of Business Self-Regulation"IV. The Moral Conditions of CommerceBernard Mandeville, "The Grumbling Hive"Max Weber, "Asceticism and the Spirit of Capitalism"F. A. Hayek, "The Market Order or Catallaxy" and "The Discipline of Abstract Rules and the Emotions of the Tribal Society"V. Ethical Theory Aristotle, "Nicomachean Ethics"Kant, excerpt from Section Two of "Fundamental Principles of the Metaphysic of Morals" Mill, "What Utilitarianism Is"
B. VICE AND VIRTUE IN THE CONDUCT OF BUSINESSI. Character and CommerceSamuel Smiles, "Business Qualities" Robert C. Solomon, "Business and the Humanities: An Aristotelian Approach to Business Ethics"Deirdre McCloskey, "Bourgeois Virtue"SelfishnessAyn Rand, "The Meaning of Money" and "The Moral Meaning of Capitalism"Philip Wicksteed, "Business and the Economic Nexus"PrudenceAdam Smith, "Of Prudence"H. J. N. Horsburgh, "Prudence"GenerosityAristotle, "Liberality"Tibor Machan, "Dimensions of Generosity"MannersSarah Buss, "Appearing Respectful: The Moral Significance of Manners"H. Tristam Engelhardt, Jr. "Why Do It? Because That's What We Do: Manners in the Ruins of Community"
II. Honesty and Integrity in Business HonestyDaniel Defoe, "Of Honesty and Veracity in Dealing"Sissela Bok, "Truthfulness, Deceit, and Trust"Albert Z. Carr, "Is Business Bluffing Ethical?"Sales and AdvertisingJohn G. Jones, "Character and Caliber in Salesmanship"David M. Holley, "A Moral Evaluation of Sales Practices" Israel Kirzner, "Advertising"Robert Arrington, "Advertising and Behavior Control"Integrity, Loyalty, and WhistleblowingGabriele Taylor, "Integrity"Josiah Royce, "Loyalty"Ronald Duska, "Whistleblowing and Employee Loyalty"Michael Martin, "Whistleblowing: Professionalism, Personal Life, and Shared Responsibility"
III. Responsibility, Action, and the Conduct of BusinessIndividual ResponsibilityJohn Lachs, " 'I Only Work Here': Mediation and Irresponsibility"Michael O. Hardimon, "Role Obligations"Corporate ResponsibilityMilton Friedman, "The Social Responsibility of Business is to Increase its Profits"R. Edward Freeman, "A Stakeholder Theory of the Modern Corporation" Michael E. Debow, "The Ethics of Rent-Seeking? A New Perspective on Corporate Social Responsibility"Industry, Work, and AmbitionBenjamin Franklin, "The Way to Wealth"Dorothy Sayers, "Why Work?"Adam Smith, "Of the Origin of Ambition"Courage, Entrepreneurship, and ProfitAristotle, "Courage"Joseph Schumpeter, "The Entrepreneur"Scott Arnold, "Why Profits are Deserved"John Christman, "Entrepreneurs, Profits, and Deserving Market Shares"Freedom of Contract and Affirmative ActionPatricia H. Werhane and Tara J. Radin, "Employer and Employee Rights in an Institutional Context"Eric Mack, "In Defense of Unbridled Freedom of Contract"Gertrude Ezorsky, "Moral Perspectives on Affirmative Action"Louis Pojman, "The Moral Status of Affirmative Action"
C. THE CONSEQUENCES OF COMMERCEI. The Moral Effects of CommerceMontesquieu, "Of Laws in Relation to Commerce"Hume, "Of Refinement in the Arts"Karl Marx, section 1, "Manifesto of the Communist Party"Daniel Bell, "The Cultural Contradictions of Capitalism"Robert Nisbet, excerpts from "The Prevalence of War" and "The Loose Individual"II. Economic Growth, Progress, and CultureAnne-Robert-Jacques Turgot, "A Philosophical Review of the Successive Advances of the Human Mind" E. J. Mishan, "Whatever Happened to Progress"Georg Simmel, "The Metropolis and Mental Life"Jean Baudrillard, "Consumer Society"Robert Nozick, "A Framework for Utopia"III. Culture, Commerce, and the ArtsErnst Fischer, "Art and Capitalism"Donald Davidson, "A Mirror for Artists"Dwight MacDonald, "Masscult and Midcult"Tyler Cowen, "The Arts in a Market Economy"IV. Business, Technology and Environmental EthicsEmmanuel G. Mesthene, "Technology and Wisdom"Jacques Ellul, "What Use? The World of Gadgets"W. Michael Hoffman, "Business and Environmental Ethics"Larry E. Ruff, "The Economic Common Sense of Pollution"Julian L. Simon, "Can the Supply of Natural Resources be Infinite?"