Business Ethics

Some responses I’ve emailed to questions

December 10, 2007 · Leave a Comment

Corporate law: the content in the Winkler article, and again in the Freeman article.

Ethical theory: simply the attempt to answer every question there is about ethics. If you have encountered an ethical theorist in writing, they are explained human nature, what good motivation is, what counts as right action, what doesn’t, what justice is– the list is exhaustive. Whenever we have someone moving quickly over these ethical issues– they are not going to be an ethical theorists. We have not read any ethical theory in class, and the contrast is helpful because it reminds us that ethics is very complicated and controversial. It makes us worry, too, this contrast, about the conclusions of Holley and Freeman. If they want to argue for ethical conclusions they may want to answer all of our questions.

privity of contract is in the Freeman article– he makes a legal case for stakeholder theory.

Rasmussen and Rand both think market transactions are justified, not by Smith, but by right. We have rights to trade, and they don’t care about whether this creates general affluence, in terms of why trade is OK.

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