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Markets, Ethics, and Business Ethics, CourseSmart eTextbook

By Steve Scalet

Published by Pearson

Published Date: Sep 25, 2013

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A deeper understanding of markets, corporations, and the business system.


An exciting first edition, Markets, Ethics, and Business Ethics provides introductory discussion of basic but challenging concepts necessary for a study of business ethics: markets, property rights, law, ethics, and the corporation.  The text maintains an appropriate balance between philosophical arguments and specific business applications. Author Steve Scalet analyzes a central philosophical concept in each chapter, and then applies this material to specific topics in business ethics.


Markets, Ethics, and Business Ethics presents a balance between analyzing institutions as well as the individual responsibilities of people within those institutions. In light of the economic and financial crises of the last several years, this text is responsive to the rules and actions of a business system.


Seamless integration of on-line resources within narrative text. On-line materials include case studies, legal applications, multi-media, philosophical readings, and current news and events. The text presents philosophical discussion with direct application, and the on-line materials offer many expanded options for engaging additional business and economic applications


This text is available in a variety of formats — print and digital. Check your favorite digital provider for your etext, including Coursesmart, Kindle, Nook, and more. To learn more about our programs, pricing options and customization, click the Choices tab.


Learning Goals

Upon completing this book, readers should be able to:

  • Assess arguments that respond to each other by either criticizing what has gone before or by developing themes in alternative ways.Recog
  • Debate any given topic by considering the structure of the best competing arguments for any given position
  • Critically assess leading controversies in business ethics

Table of Contents



Introduction: The Approach of the Book, Chapter Previews, A Primer on Ethics


I. Basic Concepts

Chapter 1. Markets

Chapter 2. The Nature of Property

Chapter 3. Property Rights, Markets, and Law


II. Corporate Responsibility

Chapter 4. The Stockholder Theory of Corporate Responsibility

Chapter 5. The Stakeholder Theory of Corporate Responsibility


III. Efficiency and Welfare: The Most Common Ethical Guides in Business and Economics

Chapter 6. Efficiency and Well-being

Chapter 7. Public Goods and the Utilitarian Tradition

Chapter 8. The Invisible Hand: Balancing Ethics, Incentives, and Institutions


IV. Ethics Beyond Efficiency

Chapter 9. Freedom 

Chapter 10. Rights 

Chapter 11. Equality 

Chapter 12. What People Deserve

Chapter 13. Relationships and Character

Chapter 14. Community and the Common Good


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Markets, Ethics, and Business Ethics, CourseSmart eTextbook
Format: Safari Book

$27.99 | ISBN-13: 978-0-205-83230-9