3 Essays on Market, Hierarchy and Ethics

3 Essays on Market, Hierarchy and Ethics PDF Author: Jooho Lee
Publisher:
ISBN: 9781835203897
Category : Business & Economics
Languages : en
Pages : 0

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3 Essays on Market, Hierarchy and Ethics

3 Essays on Market, Hierarchy and Ethics PDF Author: Jooho Lee
Publisher:
ISBN: 9781835203897
Category : Business & Economics
Languages : en
Pages : 0

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Book Description


3 Essays on Markets, Hierarchies, and Morality

3 Essays on Markets, Hierarchies, and Morality PDF Author: Jooho Lee
Publisher:
ISBN:
Category :
Languages : en
Pages : 314

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Book Description
In my dissertation, I examine issues related to markets and hierarchies, which are core conceptual building blocks for economic theories of the firm, from a moral point of view. The first essay engages with economic theories of the firm and argues that there is a tension between the two primary metaphors--contracts and hierarchies--utilized by economists to describe the nature and purpose of the firm. The second essay provides a moral reason for drawing the distinction between markets and firms in the first place. It argues that the principle of fair play justifies the adoption of a proposed three-part test for employee classification based on economic theories of entrepreneurship. The third essay applies the insights from the first two chapters by arguing that stakeholder theory should pay greater attention to the contract metaphor within theories of the firm.

The Morals of Markets and Related Essays

The Morals of Markets and Related Essays PDF Author: Harry Burrows Acton
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 296

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Book Description
The Morals of Markets offers a philosophically and historically informed defense of a market-based form of social organization. Acton discusses the profit motive, competition, monopoly, the supposed impersonality of the marketplace, the assumed chaos of markets, self-interest, egalitarianism, central planning, and distributive justice. For all their high moral tone, Acton concludes the criticisms leveled and the political platforms proffered against free markets are full of contradictions and unanalyzed assumptions. A particular strength of Acton's book is that he is himself something of a moral traditionalist.

"Are Economists Basically Immoral?"

Author: Paul T. Heyne
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 516

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Book Description
""Art Economists Basically Immoral?" and Other Essays on Economics, Ethics, and Religion is a collection of Heyne's essays focused on an issue that preoccupied him throughout his life and which concerns many free-market skeptics - namely, how to reconcile the apparent selfishness of a free-market economy with ethical behavior." "Written with the nonexpert in mind, and in a highly engaging style, these essays will interest students of economics, professional economists with an interest in ethical and theological topics, and Christians who seek to explore economic issues."--BOOK JACKET.

Essays on the Moral Limits of Markets and Politics

Essays on the Moral Limits of Markets and Politics PDF Author: Adam K. Pham
Publisher:
ISBN:
Category :
Languages : en
Pages : 96

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Book Description
In this set of three essays, I examine several issues related to the moral limits of markets and politics. In the first two essays, I examine two traditional theoretical approaches to these problems, and I argue that neither sort of approach can, on its own, offer satisfying solutions. In the third essay, I offer a case study of the moral limits of markets: about the consumer scoring market. In Chapter 1 ("Injustice and the Economic Doctrine"), I examine moral problems from within what I call the "economic doctrine,'' a framework which lies broadly in the tradition of Milton Friedman, Murray Rothbard, and Robert Nozick. When used as a framework for evaluating simple cases about our duties and rights, the economic doctrine ([silcrow]1.1) tracks our judgments and behaviors. Yet, when we add complexity to these simple cases, the doctrine fails. The doctrine cannot offer a plausible metaphysics of injustice ([silcrow]1.2), it is predicated on economic knowledge that cannot be acquired ([silcrow]1.3), it is embodied by arbitrary, inefficient, and unjust law ([silcrow]1.4) and it cannot account for injustice that is essentially non-economic in nature ([silcrow]1.5). I conclude ([silcrow]1.6) that the economic doctrine is ill-equipped to cope with the complexity of injustice. In Chapter 2 ("Burden, Lawlessness, and the Political Doctrine"), I examine moral problems from the perspective of what I call the "political doctrine," which lies broadly in the tradition of John Rawls and Philip Pettit. The political doctrine ([silcrow]2.1) has two broad limitations. First, it embodies an inadequate conception of society ([silcrow]2.2). Once we consider the complexities of our global burdens, it becomes clear that many of the most serious problems that face us confront us as an individuals, or as families, or as groups, or as nations, or as a planet, not as a postwar society of states. These forms of political decay have little to do with the balance of sovereignty among nation-states, and we must find other ways to address them. As a case study of these issues, I discuss the 2010 cholera epidemic in Haiti, which resulted from disaster relief efforts by UN subcontractors. Second, the political doctrine embodies an inadequate conception of the individual ([silcrow]2.3). In the actual world, many of our deepest moral and social crises involve deep vulnerabilities of human agency. We should, on these grounds, abandon any kind of methodology that is premised on the idea that humans are rational and reasonable. As a case study of these issues, I discuss the ongoing civil war in South Sudan, which was catalyzed and perpetuated by forms of lawlessness that transcend our political boundaries. I conclude ([silcrow]2.4) that the limits of the political doctrine should lead us to be pessimistic about the possibility of purely political solutions to our most pressing moral problems. In Chapter 3 ("The Moral Limits of the Market: A Case Study"), I offer an ethical assessment of a particular economic market and I argue that the assessment has ethical implications on how the market should be regulated. To conduct the assessment, I employ two heuristics for evaluating markets. One is the "harm" criterion, which relates to whether the market produces serious harms, either for participants in the market, for third parties, or for society considered as a whole. The other is the "agency" criterion, which relates to whether participants understand the nature and significance of the exchanges they are making, if they can be guaranteed fair representation, or if there is differential need for the market's good. I argue that consumer scoring data should be subject to the same sort of regulation as the older FICO credit scores. Although the movement in the 1990s that was aimed at regulating the FICO scores was not aimed at restraining a market per se, I argue that the reforms were underwritten by concerns about the same sorts of problems as those outlined by our heuristics.

Between Enterprise and Ethics

Between Enterprise and Ethics PDF Author: John Hendry
Publisher: OUP Oxford
ISBN: 0191533114
Category : Business & Economics
Languages : en
Pages : 310

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Book Description
We live in a 'bimoral' society, in which people govern their lives by two contrasting sets of principles. On the one hand there are the principles associated with traditional morality. Although these allow a modicum of self-interest, their emphasis is on our duties and obligations to others: to treat people honestly and with respect, to treat them fairly and without prejudice, to help and care for them when needed, and ultimately, to put their needs above our own. On the other hand there are the principles associated with the entrepreneurial self-interest. These also impose obligations, but of a much more limited kind. Their emphasis is competitive rather than cooperative: to advance our own interests rather than to meet the needs of others. Both sets of principles have always been present in society but in recent years traditional moral authorities have lost much of their force and the morality of self-interest has acquired a much greater social legitimacy, over a much wider field of behaviour, than ever before. The result of this is that in many situations it is no longer at all apparent which set of principles should take precedence. In this book John Hendry traces the cultural and historical origins of the 'bimoral' society and explores the challenges it poses for the world of business and management. The developments that have led to the 'bimoral' society have also led to new, more flexible forms of organizing, which have released people's entrepreneurial energies and significantly enhanced the creative capacities of business. Working within these organizations, however, is fraught with moral tensions as obligations and self-interest conflict and managers are pulled in all sorts of different directions. Managing them successfully poses major new challenges of leadership, and 'moral' management, as the technical problem-solving that previously characterised managerial work is increasingly accomplished by technology and market mechanisms. The key role of management becomes the political and moral one of determining purposes and priorities, reconciling divergent interests, and nurturing trust in interpersonal relationships. Exploring these tensions and challenges, Hendry identifies new issues for contemporary management and puts recognized issues into context. He also explores the challenges posed for a post-traditional society as it seeks to regulate and govern an increasingly powerful and global business sector.

The Morals of Markets

The Morals of Markets PDF Author: Harry Burrows Acton
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 126

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Book Description


Essays on Ethics and Culture

Essays on Ethics and Culture PDF Author: Sabina Lovibond
Publisher: Oxford University Press
ISBN: 0192856162
Category :
Languages : en
Pages : 266

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Book Description
These essays discuss various ontological and epistemological questions in moral philosophy, drawing on ideas from Platonic-Aristotelian ethics, the later Wittgenstein, and Iris Murdoch, though without seeking to weave these into any unified system. The general approach is realist or objectivist, paying some attention to the role of imaginative literature (especially the novel) in ethical formation. A common theme is the lived experience of the socially situated subject, including our capacity for engagement with the values present in an inherited tradition or 'form of life'. Such engagement, once raised to consciousness, may contain elements both of affirmation and of cultural critique. In the book as a whole, the critical theme predominates, with a certain emphasis on discourses of social disruption. But it is always assumed that the right place to stand as an observer of the domain of value is within that domain, and that moral critique will be immanent with respect to the culture addressed--that is, it will make do with just the conceptual and linguistic resources available to ordinary participants in moral, political, or aesthetic conversation.

The Oxford Handbook of Corporate Social Responsibility

The Oxford Handbook of Corporate Social Responsibility PDF Author: Andrew Crane
Publisher: Oxford Handbooks Online
ISBN: 0199211590
Category : Business & Economics
Languages : en
Pages : 609

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Book Description
CSR encompasses broad questions about the changing relationship between business, society, and government. An authoritative review of the academic research that has both prompted, and responded to, these issues, the text provides clear thinking and perspectives on CSR and the debates around it.

Possibilities

Possibilities PDF Author: David Graeber
Publisher: AK Press
ISBN: 1904859666
Category : Political Science
Languages : en
Pages : 441

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Book Description
An anthropologist investigates the revolution of everyday life.