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Morality, Competition, and the Firm: The Market Failures Approach to Business Ethics
Joseph Heath
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Description for Morality, Competition, and the Firm: The Market Failures Approach to Business Ethics
Hardcover. In four new and nine previously published essays, Joseph Heath provides a compelling new framework for thinking about the moral obligations of economic actors. The "market failures" approach to business ethics that he develops provides the basis for a unified theory of business ethics, corporate law, economic regulation, and the welfare state. Num Pages: 424 pages, 10 illus. BIC Classification: KJG. Category: (G) General (US: Trade). Dimension: 167 x 235 x 33. Weight in Grams: 696.
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.
Product Details
Publisher
Oxford University Press
Format
Hardback
Publication date
2014
Condition
New
Weight
695g
Number of Pages
424
Place of Publication
New York, United States
ISBN
9780199990481
SKU
V9780199990481
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-10
About Joseph Heath
Joseph Heath is a Professor in the Department of Philosophy as well as the School of Public Policy and Governance at the University of Toronto. He is the author of numerous scholarly works, including Communicative Action and Rational Choice (2001) and Following the Rules (2008). In 2012 he was appointed a fellow of the Trudeau Foundation.
Reviews for Morality, Competition, and the Firm: The Market Failures Approach to Business Ethics
...the book is well worth engaging by anyone interested in economics, agency theory, fiduciary concerns, public policy, corporate governance, and of course, business ethics. Heath is to be commended for this provocative book, explaining a provocative approach to business ethics (market failures approach) that sees as its guiding star the always elusive Pareto-optimal market conditions. I know it has informed my own approach to how I will teach stakeholder theory, theory of the firm, and competition in future courses.
Notre Dame Philosophical Reviews Online
... Morality, Competition, and the Firm is a rich anthology. Itas a tour-de-force of political economy, corporate governance, and business ethics. It contains powerful critiques of virtue ethics and the misuse of moral psychology by other business ethicists. It is valuable reading for anyone interested narrowly in business ethics, but also more broadly in political philosophy or the intersection of politics, philosophy, and economics.
Jason Brennan, Kennedy Institute of Ethics Journal
Undergraduate and graduate students in business and society courses might be well served by focusing on these two sections of the book; later chapters balance the text by delving further into details for those desiring much greater depth or conducting research on the subject. There is also an outstanding bibliography ... Highly recommended.
Choice
Notre Dame Philosophical Reviews Online
... Morality, Competition, and the Firm is a rich anthology. Itas a tour-de-force of political economy, corporate governance, and business ethics. It contains powerful critiques of virtue ethics and the misuse of moral psychology by other business ethicists. It is valuable reading for anyone interested narrowly in business ethics, but also more broadly in political philosophy or the intersection of politics, philosophy, and economics.
Jason Brennan, Kennedy Institute of Ethics Journal
Undergraduate and graduate students in business and society courses might be well served by focusing on these two sections of the book; later chapters balance the text by delving further into details for those desiring much greater depth or conducting research on the subject. There is also an outstanding bibliography ... Highly recommended.
Choice