Morality, Competition, and the Firm: The Market Failures Approach to Business Ethics

2015.05.05 : View this Review Online | View Recent NDPR Reviews Joseph Heath, Morality, Competition, and the Firm: The Market Failures Approach to Business Ethics, Oxford University Press,
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2015.05.05 : View this Review Online | View Recent NDPR Reviews Joseph Heath, Morality, Competition, and the Firm: The Market Failures Approach to Business Ethics, Oxford University Press, 2014, 412pp., $65.00 (hbk), ISBN 9780199990481. Reviewed by Andrew Gustafson, Creighton University This excellent book is a collection of 13 essays (3 previously unpublished) by Joseph Heath meant to develop a very interesting approach to business ethics rooted in market efficiency. Heath, a philosopher with a firm grasp of economics, here attempts to root business ethics not in controversial political or moral notions of egalitarianism or other such principles, but rather, by determining the conditions which would lead to Pareto-optimal market efficiency -- a state where no person's situation can be improved without harming someone else's situation. (79) Heath's list of proper business rules may be common to many business ethicists, but the difference here is that if you ask "why. . .

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News source: Notre Dame Philosophical Reviews // News

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