Markets, Ethics, and Business Ethics, CourseSmart eTextbook

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

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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

BRIEF 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 View of Corporate Responsibility

Chapter 5. The Stakeholder View of Corporate Responsibility

III. EFFICIENCY AND WELFARE: THE MOST COMMON ETHICAL GUIDES IN BUSINESS AND ECONOMICS

Chapter 6. Efficiency and Welfare

Chapter 7. Public Goods and the Utilitarian Tradition

Chapter 8. The Invisible Hand: Assessing the Dance Between Ethics, Incentives, Chapter 9. Institutions

IV. ETHICS AND BEYOND EFFICIENCY 

Chapter 10. Freedom 

Chapter 11. Rights 

Chapter 12. Equality 

Chapter 13. What People Deserve

Chapter 14. Relationships and Character

Chapter 15. Community and the Common Good

V. THE POINT OF ETHICS

Chapter 16. The Value of An Ethical Life