Business Ethics in a Competitive Market  

Oleh:

Nelson, Julianne

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Journal of Business Ethics vol. 13 no. 9 (Sep. 1994), page 663-666.
Topik: Business Ethics; Competitive Market

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: BB27.20 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Consequentialist reasoning and neoclassical assumptions about perdectly competitive markets encourage business school faculty and students to overlook the role of ethics in a market system. In a perfectly competitve economy, self-interest suffices to bring about a desirable outcome. However, discrepancies between an economist's assumptions and the realities of a market economy establish a need for business ethics. This essay, written as a lecture for MBA students, first reviews Pareto optimality as an argument inf avor of market allocations. It then uses the discrepancies between actual and hypothetical markets to derive a Rawlsian duty of civility. This neoclassical case for business ethics requires individuals to avoid exploiting the defects that are inevitable in any social structure.

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